Md Izharul HassanNov 26, 2021 · 3 years ago9 answers Can you explain how Adam Smith's economic concept applies to the realm of digital currencies?
Can you provide a detailed explanation of how Adam Smith's economic concept, specifically the concept of the invisible hand, applies to the realm of digital currencies? How does the decentralized nature of digital currencies align with Smith's ideas of self-interest and market forces? How do digital currencies promote competition and innovation in the marketplace? Please provide examples to support your explanation.