Blockchain: How the New Kid on the Block will Uproot the Archaic Banking Institutions and Revolutionize the World

The only reason money has value is because we believe it has value. The U.S. currency, once backed by Gold, is now backed by the Federal Reserve. Congress created the Federal Reserve to monitor, analyze, and administer money. They set interest rates which, in the most basic sense, is the price of borrowing money. The Federal Reserve …

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