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Saturday, February 15, 2025
 
COINS from a different perspective!
 

Our team recently found a book highlighting the history of COINS in great details.
It covers coins found since the creation in Turkey two and a half thousands years ago.
The book is published in collaboration with the "AMERICAN NUMISMATIC ASSOCIATION".

Coins were created by the rulers of our worlds for multiple reasons. Offers a guarantee to both the suppliers and receivers-

From a historic perspective coins today are only recently starting to be used as a legal form for payment of products and services depending on the geographic location.

Today’s Official currencies (FIAT CURRENCIES) are the results of a gradual acceptance by the local countries and related legal enforcements as a means of economic agreements.

The present HYPE about finding an alternative base of the existing currencies stems from imbalances in the expectation levels within our societies. This is also coupled with technological advances in the production, distribution and use of these FIAT CURRENCIES.
 

The real value of money

Since the late 1970 we have seen a stable economic factor for money. Interest rates set by the Central Banks were at acceptable levels, hovering around 2 %. The steep decline 5 years ago to zero or even below zero caused investment companies to look for and promote alternatives money investments.
Recently Inflation spiked at increases around the globe to levels far above the levels seen during the period 1980 -> 2020. So the real value of money declined substantially.
 

The TECHNOLOGY factor

Distribution and use of money plays and important role in our societies.
Physical money has it's limitations in protecting its ownership (BEARER of the COINS and Paper notes) against theft. In addition copyright needs to be watched carefully to guarantee authenticity / uniqueness. This to ensure that only one unit can exists for registered Paper notes.

Technological advantages in the Production, Distribution and use of money can now provide timely solutions. Execution processes within seconds instead of days, weeks or months all with better economics factors. (Lower costs for the IT components, with improved performance / speeds).
 

Minting in a Digital world

The migration to a DIGITAL world has to be done with a minimal disruption to our existing currencies and societies.

Migration of FIAT currencies to DIGITAL currencies starts with the selection of the conditions for the creation and monitoring aspects of a digital currency. This needs to be done together with the existing organization(s) responsible for the FIAT-Currencies.

An obvious result is that a digital currency needs to be MINTED by the existing Central Banks since they presently have the knowledge and the authority to perform this for existing FIAT currencies.
 
In conclusion the minting process for Digital Currencies linked to the Central Banks as we know them today remain within their authority. This will guarantee a minimal disruption to our societies.