4min chapter

Decoder with Nilay Patel cover image

Is there a future for Bitcoin? An investor and a skeptic make their case

Decoder with Nilay Patel

CHAPTER

The Future of Cryptocurrency Exchanges

A currency board is something that issues a liability currency. It's backe a per cent with assets in some anchor currency. The wisest one to use, that would be most readily used, would be the u. S. Dollar. Right now, i've also advocated for gold back currency boards because gold does have the advantage of not being issued by a sovereign. And there is no bit asspread, even son the transactions cost er deminimus.

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