HISTORY OF MONEY | What is Bitcoin? Where did cryptocurrencies come from?



what's going on coin telegraphers cirrhotic make here with today's crypto 101 if I will ask you when cryptocurrency period you will answer that it happened around the beginning of 2010 but what if I will tell you that all the history of money was a long way to bitcoins at the very beginning people were swapping but what if things had not the same value could you swap a tiger for a stone doesn't make sense so people decided that we needed a universal tool for payments this value appeared it was precious metals we went from bartering to gold silver bronze then state coins and later to paper money backed by gold and now they're backed by nothing really and all the time the Chiefs of all the societies tried to control and distribute the wealth first it was dukas's of tribes then kings men and then essentially governments finally banks who now regulate all aspects of money they from printing to distributing in the 20th century the world has has change it's not been easy for governments to control money cash money is now used in under 10% of all transactions worldwide credit and debit cards replaced paper money and coins now we see cryptocurrency as a result of these changes it looks like we are coming back to the stone Age's to the future to uncontrolled swaps but maybe that is the currency that mankind was always searching for a universal and decentralized money keep learning more about the industry make sure that you subscribe to the channel down below and to the person who posts the best comments we will give you a small price suppose your comments

9 thoughts on “HISTORY OF MONEY | What is Bitcoin? Where did cryptocurrencies come from?”

  1. TL;DR Read Debt the first 5000 years; barter is not an actual thing that has ever been used by society.

    You should read David Graeber's book Debt the First 5000 Years if you want to know the real history of money, debt and economics across human history. In his research he found that no society ever used barter; it is a myth made up by modern economists. In the earliest societies people borrowed and lent to each other and kept it in a ledger almost like an IOU system. In some places these IOUs could be traded so that if Person A borrowed something from Person B, Person B could then use that IOU to get something from Person C, there were no direct exchange of goods. Then people began to value things based on a third item such as cattle, gold or silver, although few trades actually occurred in cattle, gold or silver, they were still written down on a ledger of debts. The origin of coinage came about in the Axial Age when governments needed a way to fund wars. They created coins with which they paid their soldiers, and then demanded that taxes be paid in their coin, thus merchants had to sell their goods for coins, which actually created markets where there were no markets to begin with. Anyway read the book it is really great and will give an interesting perspective on modern economics and the place of Bitcoin today.

  2. I've been Dashing around for some Ethereum but I stumbled with Potcoin got "highly" paid Monero then sold them all to Bitcoin the King of Coins.

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