Episode 31: Money Mechanics For Owners and Managers of Businesses – Part 3 - From Fiat to Bitcoin - Short

Today we’re concluding a three-part conversation focusing on money. If you missed parts one and two, you’ll want to go back to previous episodes for a deeper understanding of money mechanics. This topic is so important to be familiar with if you run a business.

For a long time, societies have run on a central banking system, and there is a lot of money being printed all over the world. Our current financial system, and the flaws within it, has left some desire to try and find a better way. More and more, people are looking for a more stable option that ensures consistency.

While it seems the days where a gold smith would give you a note for your gold are far away, our system hasn’t changed that much. Physical money has taken its place, but it still reflects a similar principle as a note symbolizing money. Now, people are starting to seek out options that are quite different from what we’re used to: cryptocurrency.

Recently, cryptocurrency successfully grabbed the public’s attention—even though it’s been around for some time. This technology allows a confident exchange of currency without a central authority. However, there are still some aspects that need to be worked out. This new technology is volatile, and not everyone understands it yet.

When new alternatives come into play, they need to be managed properly if the intention is to reduce the current problems we have in our system, and not create new or worse ones. We need to be able to put trust and faith into a system as important as one that manages currency.

Listen to the full episode here:
https://emergedynamicspodcast.com/episode-31-money-mechanics-for-owners-and-managers-of-businesses-part-3/

or on Apple podcasts:
https://podcasts.apple.com/us/podcast/episode-31-money-mechanics-for-owners-and-managers/id1626541605?i=1000591403734