Money, in one form or another, has been around for a long, long time. We’ve used sea shells, gold and silver coins, and more recently, even worthless pieces of paper – made valuable only by our collective belief in them. They’ve all served a single purpose, and that’s to store labor and effort – either physical or intellectual – in the form of something tangible… something we can exchange with others easily.
For some of us this has worked beautifully for thousands of years, which is all I’ll say about that. I’ll let you decide who has profited off of the current monetary system, and instead focus on a relatively new type of currency: cryptocurrencies, and in particular, Bitcoin.
Who is Your Bitcoin, and What Does he Do?
I’m going to assume that you’ve at least heard of Bitcoin. After all, it’s been all over the news. Even if you haven’t been following the news (and you shouldn’t, it’s all garbage), then you’ve undoubtedly heard it mentioned online, or through friends. You know… that “fake” money that keeps going through boom and bust? Well, it’s actually quite an interesting concept, and I believe it may just shape the future of the economy.