Taxonomy of money

Cryptoverse
by bitRainbow1 month ago • ... views

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Just found this cool illustration about "money".
Which one is your favourite?

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Is the centralized crypto really the Golden middle? What is the illustration solving in this case? 🤔

Most likely banks will become something else in the Crypto space something like Celsius or Nexo . But still, not the best idea. Nexo for example loves to lock people's crypto when there is a Bear run or the protocol is being hacked. This way, users are not able to cash out.

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The illustration shows the classification of money by visually overlapping 4 different features:

  • universally accessible,
  • electric,
  • central bank-issued, and
  • peer-to-peer money.

Central Bank issues cryptocurrency is just happen to have all these four features.

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