Before completing this graded discussion. You should have full understanding of the concepts below, if you don't please use the textbook and review them first.
Money, Fiat Money, Central Bank, Money Supply, Functions of Money, Fractional Banking System, The Federal Reserve
Instructions and Steps:
1. View this introductory video on blockchain and crytocurrencies.
Blockchain and the Middle Man | TED Institute
2. View the following 2 TED Talks (video presentations). As you watch the videos, take notes of any relevant information.
The Future of Money | Neha Narula
How the blockchain is changing money and business | Don Tapscott
3. Decide which of the 2 TED Talks best responds to this question;
Should we trust electronic currencies, like bitcoin they way we trust government issued money?
4. Produce a response (post) of at least one paragraph in which you explain your position. Your post must be detailed and contain at least the following elements:
It must state the title and the author of the chosen TED talk.
It must state the reason why believe that TED talk best answers the question.
It must explicitly explain the relationship, connection, or link between the ideas provided in the TED Talk and the concept of Fiat Money.
Answers: 1
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