Consider the real-world worth of alternative currencies, such as Bitcoin, as well as the functions of money described in your etext. If you are not familiar with alternative currencies, watch the first 6 minutes of PBS Idea Channel's video: Are Bitcoins and Unusual Hats the Future of Currency? View transcript.
Incorporating the functions of money, as well as the inherent virtue (or lack thereof) in traditional fiat currency, answer the following questions:
1) Do alternative currencies have real world worth? What are the pros and cons of the expanding popularity and acceptance of these forms of money? Please include some additional research on the current state of these alternative currencies in answering the questions.
Be sure to cite at least two sources.
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