The total number of Coins and Currency Notes, etc. are as follows: Source: The Fed – Data There was approximately $1.63 trillion in circulation as of March 21, 2018, of which $1.59 trillion was in Federal Reserve notes. Source: How much U.S. currency is in circulation? You also need to look at the M1 and M2 money […]
When a new currency is created, how does that money get from the central banks to circulate among the people?
When a central bank creates new paper currency, it is sold off to the commercial (high-street) banks, a process known as seigniorage. The commercial banks then distribute this money via their cash management division through all the channels they have, predominantly, ATMs and Over-the-Counter. If the new currency in replacing old currency, then customers usually […]
I like a regulated money supply, I don’t speculate, and I don’t care if my transactions are anonymous. Why else might I want Bitcoin?
tl;dr Unshackled movement of money! Let me cite an analogy that would help you understand better. If email was regulated and you could only send email between approved providers, would you accept? Well your answer might be sure! You’ll accept. You don’t see any reason not to as long as the system works. What if I told you, […]
Yes, PayPal / Venmo money is considered M1, because a wallet at the end of the day, is a For Benefit Of account for you, under a licensed bank’s charter, run by the program manager, which in this case is Paypal.