A contemporary look at how disruptive technology can be a resilient solution to traditional currency

2.  Barter system came into existence as humans
found that we all possess something of value
that we can exchange.
 Currency in it’s form has evolved from
qualitative and quantitative imbalance between
exchangeable commodities
 Currency is something that is used as a
medium of exchange

3.  Modern currency is generally classified into:
MO, M1, M2, M3,MZM.
 M0 is Notes & Currency in circulation.
 M1 is M0+Travellers Cheque+Demand
Deposit.
 M2 is M1+Saving and Time Deposit.
 M3 is M2+Large Time Deposit.
 M4 is M3+All Money Market Funds

5.  Currency that creates equilibrium between
demand and supply of transactional money
 Non-Volatile and Standard for value of goods
and services
 Should not generate debt burden on economy

6.  Liberal, decentralized and anonymous.
 Limited in Supply. Upper limit of 21 million.
Vulnerable to Deflation.
 Does not support a very important function of
economics, i.e., spending.
 Based on USD. Not a good store for value.
 Highly volatile.
 Investment vehicle.
 Does not generate debt burden on economy but
stands as a question mark on equitable distribution
of wealth .

7.  Bitcoin has been brought into picture for a good
purpose, which is to stand as a good alternate for
traditional currency. But with time it has exhibited
certain loopholes which does not match with our ideal
currency expectations.
 Our traditional currency has failed indeed. But in the
quest for a resilient currency whether it is a hard
currency or soft currency, we should not forget what
the purpose of money is.
 So, Bitcoin is not a positive promise as a currency for
the society in itself but it has paved way for positive
future innovations, which means that it is a positive
promise as a technological innovation in this stream