Some time ago we indicated Deutsche Bank – with all likelihood the biggest threat to the stability of the global financial system – as being Too Complex To Survive. The fact that excessive business complexity can kill a business is intuitively accepted. A recent article on the decline of GE points this out: “Welch, the … More General Electric: Not ‘Too Big To Fail’ but ‘Too Complex To Survive’.
Fiat money has no intrinsic value – it is not backed up by the equal value of a commodity, but is made legal tender due to government decree. Bitcoin is a virtual cryptocurrency and worldwide payment system. It is the first decentralized digital currency – the system works without a central repository or single administrator … More How the Rating of Bitcoin Compares to that of Fiat Currencies
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency – the system works without a central repository or single administrator – and has been introduced in 2009. Unlike fiat money, Bitcoin is unique because it is de-centralized and, more importantly, not under the control of bankers or financial regulators. … More Rating the Bitcoin – When New Technologies Meet