Antonis polimitis is teaching a cryptocurrency course at the University of Nicosia. Each week there is a live session in which he or Andreas Antonopoulus answers questions of their students. This week the subject is ‘cryptocurrencies and central banking’. He compares the creation of money and how extra value or money is added into the system. Beside, he looks at the advantages and diesadvantages of both systems. He states that cryptos are following the Austrian Economy philosophy while central banking is an example of the Keynes Economy Philosophy.

Advantages of crypto

In cryptocurrencies, no people can be banned from their use and Politics cannot influence it too much. Ofcourse there is no central unit that controls everything.

Advantages of central banking

The advantages are that in this way they can tune the inflation/deflation easily by adjusting the value of their currency. They also can create extra money for different purposes. Check out last weeks live session!