Why money converges to one? पैसे का झुकाव एक ही तरफ क्यों ?
In episode 9 we talk about why money converges to one, where the winner
takes all, there is no second place in this race.
Just like the barter system doesn't work for larger economies due to the
number of exchange rates that you need to deal with instead of one
common medium, the same way the market will converge to one sound money
instead several currencies that are not built to be the global monetary
medium.
#bitcoin
#hindi #bitcoinsikho #desibitcoinshow
Link to Anil Patel's presentations
gumroad.com/anilsaidso
EP:9 Why money converges to one पैसे का झुकाव एक ही तरफ क्यों ? बार्टर सिस्टम यानि अदला बदली एक्सचेंज रेट्स कोइंसीडेंस ऑफ़ वांट्स ग्लोबल मोनेटरी मीडियम अच्छा पैसा और उसके गुण (साउंड मनी प्रॉपर्टीज )
Why money converges to one? पैसे का झुकाव एक ही तरफ क्यों ?
In episode 9 we talk about why money converges to one, where the winner
takes all, there is no second place in this race.
Just like the barter system doesn't work for larger economies due to the
number of exchange rates that you need to deal with instead of one
common medium, the same way the market will converge to one sound money
instead several currencies that are not built to be the global monetary
medium.
#bitcoin
#hindi #bitcoinsikho #desibitcoinshow
Link to Anil Patel's presentations
gumroad.com/anilsaidso
EP:9 Why money converges to one पैसे का झुकाव एक ही तरफ क्यों ? बार्टर सिस्टम यानि अदला बदली एक्सचेंज रेट्स कोइंसीडेंस ऑफ़ वांट्स ग्लोबल मोनेटरी मीडियम अच्छा पैसा और उसके गुण (साउंड मनी प्रॉपर्टीज )