India is Returning to Barter System, Bitcoin Appeals to the Masses
Goldman Sachs, a multi-billion dollar international investment banking and financial management firm, recently stated that India is returning to barter system due to a severe shortage of cash. Weeks after the initial announcement made by Indian Prime Minister Narendra Modi to demonetize 500 and 1,000 banknotes, the financial state of the country seemed to improve. Livemint revealed that 95% of the country’s ATMs were calibrated to support the newly released banknotes provided by the central bank of India. However, there still is one important issue; the central bank failed to print money....
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Bitcoin is a system that benefits from mutual cooperation like barter versus the current money system of extraction.
At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter. What Is Barter Smartplace? Barter Smartplace is a decentralized exchange for the barter trade of goods, currencies, and digital assets. The project has been developed with its own and private investment funds since December 2018, and this week the long-awaited launch of the NFT Marketplace took place with a security audit from....
Using barter as an alternative economic model is an interesting, yet not entirely surprising choice. In this day and age, most consumers have plenty of goods, yet very little cash on hand. Changing the goods one doesn’t need [as much] against something more desirable is a tried and tested method to exchange value between parties in a peer-to-peer fashion. The Greek financial crisis over 2015 has taught the entire world a valuable lesson, in the form of how quickly the economy can go from bad to worse. It comes as no surprise to find out residents have been looking for....
Bitcoin, still a financial technology in its infancy in terms of adoption, can seem mystical to some. Blockchain technology is unlike any other system currently powering currency, and as such is not properly understood by the public at large. To many, especially of the older generations, cryptocurrency can seem like magic, a trick of digital sorcery, and certainly not something upon which one would place their trust and life savings. To aid in the understanding of cryptocurrency, I will attempt to explain BitcoinCT r: 8 through the allegory of a pre-electricity village, without referencing....
A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court of Appeals of Paris has confirmed the first instance decision in Alexander Vinnik’s trial, Russian media reported. In late 2020, the IT specialist, and alleged cybercriminal, was sentenced to five years in prison for money laundering. Vinnik’s defense team now....