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Is the Anger Toward Fiat Currency Justified?

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Back in 2012, the Cato Institute published a paper titled The Coming Fiat Money Cataclysm and the Case for Gold. The libertarian think tank is hardly unique in its animosity toward the fiat currency system, nor was its 2012 paper wholly unique in its concepts and sentiments. It did, however, predict some of the issues we are trying to resolve today, notably inflation linked to the era of “cheap” money through low-interest rates.

Today, if you look at social media, particularly platforms like Reddit and Twitter/X, you’ll also find plenty of derisory posts about the fiat system. What’s more, we might argue, albeit unscientifically, that the backlash is growing. Some of this can be quantified. For example, there is some correlation between the rise of Bitcoin as hard money with a limited supply and
the criticism of the fiat currency system. However, some of it is not so easy to quantify, such as the animosity toward fiat currency being linked to wider dissatisfaction with the state.

But is any of it justifiable? The problem with answering that question is that there are both economic and sociological answers. The former is easier to frame, whereas the latter is not. Let’s start, though, by analyzing what we mean by fiat currency, which will help us understand its critics.

Fiat currency is effectively all money

Fiat currency is essentially money not backed by a physical commodity (gold or silver, for instance). It is, therefore, nearly all the money in existence in the world today. When you look at the trillions of dollars being traded in forex markets, it is fiat currency that’s being traded. The Canadian dollar used to be partially backed by gold, and some of its value is derived
from oil prices, but despite some arguments to the contrary, it remains a fiat currency.

So, why, then, should we criticize money? Well, it’s due to the fact that having no physical backing, such as a lump of gold or a barrel of oil, central banks and governments can print that money out of thin air. The charge against it is that printing new money creates more of it (naturally), and that eventually devalues it. You’ll often see anti-fiat accounts on Twitter/X
posting charts of how their currency’s purchasing power has declined or will decline over time. This is the economic argument against fiat currencies.

However, the argument loses merit when certain factors are pointed out. Yes, the Canadian dollars in your pocket lose purchasing power over time, and that’s why you can’t buy a house for the same price as your grandparents. Yet, you also will earn a lot more than your grandparents. If something used to cost a dollar and you earned ten per hour later costs five
dollars, yet you earn fifty per hour, there isn’t really a problem. Of course, that’s just the theory, and it does not always work that way in practice.

Wages keeping up with inflation

In Canada, for example, disposable personal income has tripled since 2001. It also increased in the last quarter of 2023 (the latest period for measurement). Have wages kept up with inflation? Not always; you might look at everything from the cost of a cup of coffee to your mortgage payments to consider that it hasn’t. But the problem is not fiat currency in and of itself. It is the balance between price rises and the amount of money you earn. From the period 2019-2022, average hourly wages grew 12.5% in Canada; CPI rose 10.1% in that time. There were accelerated periods of inflation, particularly in the aftermath of the pandemic, but on balance, wages kept up with inflation.

Now, none of this is meant to say that the fiat system is perfect, nor does it suggest that the government and central banks get it right on balancing the system. But broadly speaking, the antagonism toward fiat currency tends to be more sociological than economic. In short, people are angry at the system, not fiat currency itself. Those pushing the demise of fiat currency are often anti-establishment, at least ostensibly. They are interested in concepts like Bitcoin not only for financial reasons but also because it is not a creation of the state.

Their concerns do go into other areas, such as central bank digital currencies (CBDCs), and it leads them to see the fiat currency system as one of control. How valid are those concerns about CBDCs? We would be foolish to dismiss them, and there should be perhaps a sense of frustration that the mainstream media is broadly ignoring the threat. At the moment, the official line from Canada is that there are no plans for a CBDC – yet. However, and this is important – the BoC is apparently researching the “need” for one in the future.

What would that “need” be? Could it be the control of citizens’ finances? There is an all-too-scary suggestion that this could be the route that governments take, where fiat currency becomes less money and more like social credit. You drink or gamble too much? Well, the government will freeze the money in your account until you prove you are spending responsibly. If we go into a situation where fiat currency becomes a system of control, then inflation is the least of our worries.

For some, there is a sense of a tipping point on the horizon. We have this situation where governments are constantly printing money – and taking on huge amounts of debt – and we have the specter of CBDCs. You can, therefore, understand the allure of Bitcoin and other decentralized forms of currency, although those systems in themselves are not perfect. The
question, though, is whether we meet these challenges before the tipping point is reached?

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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A look inside Alberta’s emerging board-game cafés and play spaces

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Board-game cafés kind of snuck into Alberta’s cities without anyone making a big fuss about them. One minute they were quirky little spots you only heard about from a friend; now they’re firmly part of the social map. They blend the feel of a neighbourhood coffee shop with walls of games, giving people a place to actually look at each other instead of a screen.

The rise of tabletop hospitality venues across the province

Edmonton and Calgary have become the biggest hubs for these venues, each neighbourhood carving out its own flavour of the trend. A small fee usually opens the door to an entire library of games, quick card titles, sprawling strategy epics, quirky party favourites. Staff members often act as guides more than servers, wandering between tables to help groups find something that fits their mood or to break down complicated rulebooks that would otherwise stall the night.

Behind the scenes, the financial structure resembles other entertainment models built on repeatable, low-friction experiences. Businesses in nearby digital sectors deal with similar puzzles: how to keep guests engaged, how to make payments smooth, how to encourage one more round without pressure. That same focus on smooth, low-friction interactions shows up in entertainment spaces, where platforms face their own version of keeping users engaged and transactions effortless. Operators managing crypto casino options grapple with many of the same moving parts, clean wallet connections, instant confirmations, and blockchain checks that reassure users without slowing anything down. The themes differ, but the operational headaches often rhyme.

Cafés have adjusted their pricing as the scene matures. Memberships and recurring passes appeal to regular players, while newcomers stick to occasional drop-ins. Owners have learned that the business can’t rely solely on cappuccinos and sandwiches; it thrives when the gaming experience itself becomes part of the reason people return.

Interior design philosophies shaping patron experience

Every corner in these cafés is doing a job, even if it looks casual. Big shared tables give groups room to spread out those sprawling, “this might take all night” games, while little booths let pairs hide away with something lighter. The lighting hits that sweet spot, clear enough to read tiny rule cards, soft enough that nobody feels rushed or under a spotlight.

Sound is its own battle. Most nights, the room just hums, not the hush of a library, not the chaos of a bar, but a warm little buzz you melt into. The acoustic panels blend into the décor, soaking up the sharper bursts of laughter so people don’t have to shout. What’s left is a steady murmur that makes the place feel alive without grinding your nerves down.

The shelves? Same attention. They’re arranged with a quiet kind of intention, grouped by vibe and complexity so you don’t burn brain cells before the game even starts. Colour tags help, because no one wants detective work during a night out. Staff keep rotating new favourites into view so the wall actually feels alive, a more curated display than dusty storage.

Game library curation and acquisition strategies

Keeping collections fresh is a constant race. Owners travel to conventions, follow industry chatter and chase limited releases before they disappear. Crowdfunded games introduce another layer of guesswork, forcing cafés to predict which campaigns their communities will care about months before the boxes show up.

Games age quickly under frequent use. Cards bend, boards fray, components vanish. Staff track which titles get the most love so they know when to repair, replace or retire them. It’s a quiet numbers game that ensures the shelves remain filled with well-loved, fully playable sets instead of relics too battered to serve another round.

Some cafés now let customers rent games overnight. The option brings in a little extra income and helps people decide what they might want to buy for their home. It also deepens the relationship between venue and visitor, turning the café into more than a place to sit, it becomes part of the local gaming ecosystem.

Community building through tournaments and organized play

Events are the backbone of customer loyalty. Weekly genre nights gather specific crowds, people who love co-op survival titles, heavy strategy fans, or casual players exploring party games. Monthly tournaments add a competitive spark without turning the atmosphere too serious. Prizes usually come as store credit, keeping the energy local and encouraging return visits.

Publishers often support these efforts. Promotional kits, early-release copies and exclusive launch materials help cafés draw attention and keep regulars excited. These partnerships position the venues as community hubs rather than simply places to sit and play.

Some cafés expand this even further with league systems tracking performance over several weeks. Leaderboards, seasonal finals and long-running rivalries give players a reason to return, turning small gatherings into ongoing storylines embedded in the café’s culture.

Future trajectories for Alberta’s tabletop venue landscape

New cafés are already experimenting with identities of their own. Some build their spaces around nostalgia and retro titles, while others lean toward modern competitive games and tournament play. These niches help venues stand out, even if they narrow the customer base to specific communities.

Technology shows up in subtle ways. Digital catalogues track circulation, online booking systems manage busy nights and analytics help owners understand which games deserve more shelf space. Screens and digital play, however, remain rare; most operators want the experience to stay rooted in the tactile, face-to-face charm that defines the format.

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Keeping Strategic Partnerships On Track with Data Rooms

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Strategic partnerships move fast, then stall for familiar reasons: scattered contracts, unclear change control, misaligned KPIs, and painful renewals. A modern virtual data room solves those execution gaps by giving both parties a single, secure workspace to negotiate and govern the relationship.

Below is a practical playbook for partnership for legal and governance teams that need better oversight of the process without slowing the deal.

Why partnerships fail in execution

Alliances now account for a rising share of growth activity, yet many underperform because governance and information flows break down after the signing ceremony. McKinsey has reported sustained growth in partnership activity and the need for rigor in how companies structure and manage complex partner portfolios.

Risk compounds as third parties plug deeper into your tech stack and customer data. KPMG’s recent third-party risk work highlights regulatory pressure and real breach exposure tied to vendor access — amplifying the need for disciplined data, access, and contract controls across the partner lifecycle.

What a VDR contributes that shared drives can’t

Virtual data room services outperform generic cloud folders in four partnership jobs-to-be-done:

  • A secure contract repository that centralizes master agreements, statements of work, schedules, and side letters, with version history and tamper-evident audit trails. This is foundational for obligations management and dispute resolution. Research shows that advanced contract lifecycle controls materially reduce missed obligations and improve risk visualization.
  • Permissioned partner access so each party sees only what they must. Granular, role-based permissions and watermarking help you share sensitive materials with confidence during escalations or executive reviews. HBR’s long-standing guidance on alliance scorecards underscores the value of clear information rights and accountability, which VDRs operationalize day to day.
  • Milestone tracking in VDR to link documents and discussions directly to the KPIs that define success — launch dates, enablement targets, marketing funds, or co-sell quotas — so status never lives in email threads.
  • Renewal and compliance files managed in one place for audits, certifications, cybersecurity questionnaires, privacy addenda, and regulatory notices. With regulators sharpening expectations on third-party oversight, having these artifacts organized and provable is no longer optional.

Selecting data room providers for partnerships

In the process of selecting data room providers, you should evaluate top vendors against your partnership-specific needs, not just M&A checklists. Here’s what to pay attention to:

  • Granular permissions that support external groups and expiring links.
  • Tasking and approvals to shepherd redlines, consent requests, and change orders.
  • API and SSO so you can sync with CRM and other tools.
  • Audit-quality logs and data residency options for regulated markets.
  • Structured dashboards for milestone tracking in VDR without exporting to slides.

If you’re comparing options, check out data room provider reviews at dataroom.org.uk page — a curated platform that evaluates the VDR providers. You’ll find it useful if you want your partnerships to run for years rather than weeks. 

Designing the core folder architecture

Once you have a decent data room selected, you’re ready to think about folder architecture. Experienced teams use a common structure across deals so stakeholders can find the right file in seconds. A typical data room for partnerships includes:

  1. Governance — charters, joint steering deck, RACI, escalation paths, meeting minutes.
  2. Contracts — MSA, SOWs, pricing exhibits, data protection terms, change orders.
  3. Delivery — technical specs, APIs, integration test evidence, rollout plans.
  4. Commercials — business cases, rebate logic, MDF claims, sales playbooks.
  5. Compliance & risk — SOC/ISO reports, penetration tests, DPIAs, DPA annexes.
  6. Performance & KPIs — dashboards, QBR packs, remediation logs.
  7. Renewal & amendments — redlines, approvals, countersigned documents.

Keep naming conventions strict (e.g., YYYY-MM-DD_DocumentName_Vx), and map folders to contract clauses so audits are traceable to obligations.

Access control that matches real-world roles

Partnerships span legal, finance, security, product, marketing, and sales on both sides. Use the VDR’s permission model to mirror this:

  • Internal core team: full read/write within governance, contracts, and delivery.
  • Partner core team: scoped access to execution materials, not internal approvals.
  • Executives and board: read-only to governance and KPI packs for QBRs.
  • Specialists (security, privacy, tax): time-boxed, watermark-protected access to specific subfolders.

This permissioned access keeps collaboration fluid while containing risk if membership changes mid-stream.

From diligence to day 2: Workflows that prevent drift

VDRs shine when you operationalize a few high-leverage workflows:

  • Vendor due diligence. Host questionnaires, evidence, and remediation in one trackable space. Thomson Reuters outlines the scope of effective vendor due diligence; your VDR should reflect that scope with structured folders, checklists, and deadlines.
  • Security events. Keep incident notifications, joint response notes, and root-cause analyses in the compliance area with restricted access.
  • Quarterly business reviews. Publish dashboards, opportunity lists, pipeline hygiene notes, and joint marketing calendars under a single Quarterly Business Review (QBR) folder — reducing prep time and increasing continuity across sponsors.

Contract intelligence that keeps money on the table

Money usually leaks in quiet ways: someone forgets to pay a rebate, prices don’t get updated, or a service promise keeps auto-renewing without anyone checking it. To stop that, you write down the most important details from each deal — like when it renews, how prices can change, what refunds are owed if something breaks, and when special rights end — and you keep those in one safe place everyone can see.

Then you set five important reminders in that same place: 

  1. When the deal is about to renew
  2. When it’s time to review prices
  3. When you need to check rebates after each quarter
  4. When you need to make sure a broken promise got a credit
  5. When “only we’re allowed to do this” ends

Each reminder should have one person in charge, a due date, and proof saved before anyone can say it’s done.

How to launch a partner VDR in 30 days

You don’t need a massive program to see value. In four weeks, you can stand up a partner-ready data room that legal, security, and sales will actually use:

Week 1 — Foundation. Confirm the folder taxonomy, map documents to contract clauses, and assign owners. Set baseline permissions and watermark settings.

Week 2 — Migration. Move authoritative versions only; archive duplicates. Create a secure contract repository and lock naming conventions.

Week 3 — Workflows. Configure diligence and change-control checklists, SLA tracking, and QBR templates. Enable alerts for renewals and audits.

Week 4 — Operate. Run a QBR using VDR dashboards, test guest invites with permissioned partner access, and review logs. Document playbooks for handoffs if needed.

Partnership pilot programs are forgiving; scale is not. As your partnership expands, decision rights blur, metrics drift, and files scatter. Your VDR should prevent that: one place for obligations, KPIs, and audits, all tied to owners and dates.

Don’t wait for a customer review or regulator to force the issue. Stand up the folder model, set renewal and control alerts, and use QBRs from the data room — not slides.

 

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