Evolution of Money. Chapter 1

in #bitcoin3 years ago

In this article series, we will dig deep in detail to uncover the mysteries of money by looking at how it came about, and hopefully predict how it will evolve in the near future. First, we have to understand what money is and where it was first used.

Money can make a civilization and it can also break one. It is undeniable that money plays a central role in everyone’s life today — whether they admit it not. The introduction of money can be seen as the one final step that brought the world to where it is. The power of finance is everywhere we look — from the technology we use to the wars we fight. The big question everyone wants a simple answer to is, how did money come to be since the times of barter trade, and what is the future of money? Is cryptocurrency really the future of money after digital currency or is it just a fad?

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”. — Henry Ford

We quote this because it encapsulates the content of the series that may be unsettling for most of you. We feel compelled to write this series as we’ve been researching the financial world for a few years now, so it definitely gave us a more complete view of the world.

Read on - https://medium.com/@cryptomedics/evolution-of-money-the-past-the-present-and-the-future-chapter-1-21c2196c998f

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