Labor as Value: Classic and Contemporary Labor MoneyThe history of labor cost theory is very ancient. People have long ago concluded that any product requires some time and work long ago. And, the more labor and time the product creation takes, the more valuable it is, and the higher is its cost.
Internet of People: Founder of Fermat Presents Project’s Perspective Of Peer-to-Peer EconomyForkLog talked with Luis Molina, leader of initiative on creating a blockchain-based platform for p2p apps Fermat about the opportunities of creating decentralized services. The issues of existing internet centralization, end-to-end encryption of personal data and sharing economy emergence hit the headlines every now and then. Sharing economy principles found in Uber and Airbnb becomes […]
Hashing Cash: Will Cryptocurrencies Replace Banknotes?Earlier this February, German ministry of finance came up with a proposal to limit cash transactions to €5,000. While the move has launched yet another set of indignation ripples across local society, it can hardly be perceived as something new. Most European countries have already imposed some restrictions on amounts transferred in cash. Thus, France […]