January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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What happens when fiat currency systems fail
A fiat currency has value because a government uses its power to enforce that value, or because exchanging parties agree to its value. It's not hard to see how problems could occur in this scenario. Let's look at some examples of when the fiat currency system backfired under the control of irresponsible or corrupt governments, prone to economic and political mismanagement.
At the time of the independence of Zimbabwe from British colonial rule in 1980, the ZWD was worth about 1.25 US dollars. Soon after, inflation started to creep up, and it got completely out of control when President Robert Mugabe began confiscating land from the white farming community in 1998, resulting in a nearly total collapse ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.