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RE: A list of possible Black Swans - Part 3

in #economy6 years ago

Be nice if more of the media that seeks the attention of the general public discuss topics like what happens when something goes out of style.

Let's just say that the SWIFT network is seen as an old horse when compared to blockchain by the money holders of the world.

Question becomes, how do people with money transition their wealth to another economic system? And throughout history, has such a transition ever been graceful.

Gold to Oil happened this past century. Before that it was hard currency to paper. Today we are moving to digital. The problem that we see with digital value exchange is that the medium is one of much more than money.