Quote from: streazight on November 26, 2016, 07:30:58 PM

Quote from: clickerz on November 26, 2016, 02:55:18 PM

Quote from: groll on November 26, 2016, 02:46:01 PM

Well, No money innovation would be complete without mentioning cryptocurrency and theres no space here to explain how bitcoin works. But much like Tide, salt, stones or many of the other weird things weve used to represent value; users of Bitcoin agree on its worth due to the transparent technology it is built on. The original invention of money allowed people to ascribe value to a person.

Well, bitcoin is fast becoming a standard currency on the internet. Money is a medium of exchange so is bitcoin. Aside from money we can say that bitcoin is also a product of innovation, invented out of necessity against the middlemen etc.

Yes bitcoin must be the latest innovation in the series of medium of exchanges. Human race had different type of medium of exchange in their different era. Just to suit for the modern digital requirements now we are having bitcoin system, must be another great innovation of human race.

Yes, the evolution just continues.
I believe before currencies human race must have decentralized medium of exchanges like gold or other rare metals or things and they were comfortable and successful with their medium of exchanges. Bitcoin must be just a replica of gold and it will also have all the possibilities to join this series of product of innovations.