Post
Topic
Board Economics
Re: Money As A Product Of Innovation
by
clickerz
on 26/11/2016, 14:55:18 UTC

Well,  No money innovation would be complete without mentioning cryptocurrency and there’s no space here to explain how bitcoin works. But much like Tide, salt, stones or many of the other weird things we’ve used to represent value; users of Bitcoin agree on it’s 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.