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The Underlying Dynamic of Bit Coin and Cryptocurrency
There is a distinction between bit coin and what is broadly referred to as the crypto universe. Bit coin was originated as a peer to peer, meaning direct transfer, payment system. This second dynamic, crypto, more broadly, pomp referred to them as securities or as equities, et cetera. These are what i would describe as digitly native securities. And so most people think about an equity or a bond as something that you buy in your online brokerige account. What you're actually buying and selling there are paper certificates. They are stored in various repositories around the world, depending on the exchange you are trading in. So if you look at just over a two year period, it