About cpurchase

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So far cpurchase has created 13 blog entries.

The Evolution of Money

The society we live in today is obsessed with the idea that monies only role is operating as a medium of exchange. After all, this property of money is essential, if nobody wants to transact using it then it’s not exactly useful as money. However, there is always an opportunity cost when using money. This cost has a lot to do with a market participants time preference. Time preference refers to the ratio at which individuals value the present compared to the future.

By |2021-09-13T08:54:07+00:00November 14th, 2020|News|Comments Off on The Evolution of Money

Ethereum: A New Financial Network

Our banking and financial networks of today are simply communication networks for settling financial transactions, they guarantee that transactions will be processed, executed, and settled. Banks are responsible for interfacing with these networks on behalf of their clients — sending the right messages and responding appropriately to messages received. The internet brought us, as users of banks, that much closer to their messaging network, allowing for online banking and fast mobile payments all whilst hundreds of bank branches closed across the globe.

By |2021-09-13T08:52:00+00:00October 3rd, 2020|News|Comments Off on Ethereum: A New Financial Network

Time is Money

In order to understand why scarce money has value we need to address time. Time, after all, is the most valuable thing we have. Some people are blessed with many years, whilst others are not so lucky. It is the one resource we all have in limited supply.

By |2021-09-13T09:05:29+00:00September 26th, 2020|News|Comments Off on Time is Money
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