Money creation and currency competition has historically been controlled by very few entities, most of the time governments. Competition takes place in other ar

Money creation and currency competition has historically been controlled by very few entities, most of the time governments. Competition takes place in other areas and technologies and ideas have advanced while the innovation in money and currency has been much slower and often stagnated by various societies printing their currency out of existence. As long as people have the power to consent to which currencies they use the availability and competition among them creates a market for competition and innovation.