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The Evolution of the Cyberspace Economy
Key Takeaways: An economy's stability hinges on the balanced interrelation between currency, production, and distribution. Bitcoin is emerging as a preferred form of collateral in the cyberspace economy due to its fixed supply and resistance to manipulation. Technology's role in driving down the costs of production and distribution could result in a deflationary system where the value of money increases over time. Artisans may experience a renaissance, as handmade goods are poised to become increasingly valuable in a world dominated by mass production and automation. The cyberspace economy…
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