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Anonymous
Anonymous asked in Social ScienceEconomics · 4 weeks ago

Is digital money good for the world economy?

5 Answers

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  • RICK
    Lv 7
    4 weeks ago

    Not at all

    Digital currency is not backed by anyone or anything

    Its totally worthless

  • Oiy
    Lv 7
    4 weeks ago

    Yes, everyone can create the money. How good it is? The invisible hand is working. Only when the market has problems, the losers must pay.

  • 4 weeks ago

    Thoeretically, it's just another type of currency, and it shouldn't have an effect on the macro economy one way or the other.

    I can say that because of its anonymity, it has enabled new types of crime. For example cyber hackers who use ransomware and demand payment in untraceable bitcoin. 

  • Zirp
    Lv 5
    4 weeks ago

    that depends on who creates and distributes it, and how.

    If it's just a toy for the rich it doesn't help ordinary people one bit

  • martin
    Lv 7
    4 weeks ago

    Yes, because it cuts through the ancient theory of gold standard or modern replacements such as stock market figures, and makes more possible the dream of sharing and caring for the poor nations through efforts to neutralize the classic diseases of corruption and violence.

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