The Old Pawnbroker's Blog

News for Pawnbrokers and Precious Metals Dealers

Digital Fiat Currency

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

These kinds of articles can give us insight into the minds of the Financial Elite.

” The event was kept secret so executives could freely share nascent ideas and take risks.”

Sounds innocent enough I suppose. We wanted everyone free to be themselves.

“U.S. dollars, or any other fiat currency”

It’s nice to know that they recognize that paper currency is “fiat”.

Will “Digital” currency be less fiat?

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