By Dr. Jeffrey Lewis
Much controversy surrounds comparisons between precious metals and the growing number of crypto currencies. The rise of decentralized, anonymous, and freely traded electronic currencies has worked its way into the technology and media. While Bitcoin is the poster child, having gained the most attention and participation, there are nearly 100s of other much smaller currencies and more being developed all the time. The culture of social media will continue to play a major role in the rise of the some of the currencies.
The comparison between the relative “ideal” monetary attributes of the precious metals versus crypto currency can be a divisive exercise. But when the comparison in includes fiat currency, it becomes more compelling.
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