Mona RazazDec 28, 2021 · 3 years ago6 answers How does monopoly affect the economics of digital currencies?
In the context of digital currencies, how does the presence of a monopoly impact the overall economic landscape? Specifically, what are the effects of a dominant player controlling a significant portion of the market? How does this influence factors such as price stability, market competition, and user trust? Are there any potential risks or benefits associated with a monopoly in the digital currency space?