6min chapter

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What are Smarter Markets? Episode 3 | Erik Townsend Host of Macrovoices

SmarterMarkets™

CHAPTER

The Digital Currency Is the Real Invention of Digital Currency

defi eric: The real invention of digital currency is what i call the secure, digital bearer asset. We can create the equivalent of bearer bondse financial instruments that whoever has possession of it owns it, period. What commodity markets exist for is to allow both the producers and the consumers of commodities to lock in prices,. eliminating market risk and shedding that market risk to speculators. To re-design credit so that it helps society deliver the most benefit? Are we going to do it that way? Or are we going to design this system so that one could trade on several different things at once?

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