Can Bitcoin Solve The Money Problem? Why Money Is Dead.

A brief history of money and why we should be alarmed about it.

It is estimated that there is more than $40T of fiat money circulating in the world right now. Ever since its early creation, money has been an inseparable part of human lives. The most simple way of explaining what money is is: “a tool that is used as a medium of exchange and a store of value.”

Money as we know it is being devalued each year at an alarming rate. To get to the reason for it and understand its future implications, we need to go back in time a bit and analyze the biggest turning points.

Brief History Of Money

Glossary

• Inflation is the decrease in the purchasing power of your money through increased prices.
• Stocks are financial instruments representing a share of ownership in a company.
• Crypto is short for “cryptocurrency.” It is a digital currency that works without a central bank and is controlled by cryptography (encryption).
• Commodities are raw materials like furs and precious metals.

Money ended the practice of bartering goods for services 5000 years ago, and since then it has taken several physical forms…