Homework
Phase One demands that students perform an analysis of this set of questions.
i. What is the demographic profile of the US citizen, as it pertains to their currency? What freedoms and/or limits do they experience, as it pertains to the use of money? How does this contrast with citizens in nations who are not in the G7, but are in the G-20 (Turkey, Indonesia, Russia, for example). Just to remind you, these are the members of the G7 countries. Here are the G20 members.
ii. Perform a PESTLE analysis to describe the condition in which the major industrial countries' citizens (G7) possess and utilize money. Contrast this with a PESTLE describing the currency utilization of citizens in G-20, who are not G7 members. Address the notion of the stability of currency, and how that impacts the cultures of the non G7. In short, what is it like living in a large, powerful country like Turkey, where the currency undergoes one crisis after another?
iii. What is ethereum? How is it used? How can a nation, organization create a digital currency? Utilize this tutorial to investigate the nature of creating your own currency.
iv. If a group can create their own currency, can they mitigate or improve the lives of its users, which might take place using a fiat/national currency?
v. Would the non-G7 currency users benefit from ethereum differently than those in the G7?
vi. What implications does ethereum have for G7 countries? Consider the idea that G7 citizens are digital citizens, who live significant parts of their lives online, pursuing tasks digitally (registering to vote, schooling, shopping, etc). Given the smart contract, assume that this creates new mediums to motivate consumer behavior. How might the G7 cultures adopt cryptocurrency to address their social, economic and monetary challenges?
vii. What support is there for crypto? Who supports its use, for example, within the central banking community/ BIS members? Given the support for crypto, how does that predict the trajectory of its use? Given who likes crypto, how would it get used?
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.