Bitcoin is money, what is money?

Money is anything that has the necessary qualities to serve as a medium of exchange, a unit of account, and a store of value.Monetary properties  make something usable as money, such as durability, portability, divisibility, limited supply ....




How did money originate?

At the beginning of human civilization, people exchanged goods for goods, but they realized there was a problem.If I produce wine and someone else produces meat, we can trade only if I want meat and they want wine at the same time. If not, the trade can’t happen easily. This problem makes bartering inefficient.

That’s why they realized they needed money.That it could serve as a common medium of exchange, making trade easier for everyone.That it could be a measure of value.It means money helps to express how much something is worth, so people can compare prices easily instead of guessing the value of goods during trade.Store of value means that money can keep its value over time, so you can save it and use it later without losing purchasing power.And it can be exchanged in the future , you can save money now and use it later to buy goods or services.People searched for good money,from whale teeth, shells, and stones,and eventually realized that gold was the best money because it had important qualities like durability and scarcity. However, gold didn’t have all the qualities of perfect money. That’s why banks and paper money backed by gold appeared.

Practically nothing physical in the world could have all the necessary qualities to be perfect money,until the digital age came and allowed the creation of a superior form of money like Bitcoin, which has all the essential monetary properties.


I hope this helped you understand!

Bitcoin is money, what is money?

Money is anything that has the necessary qualities to serve as a medium of exchange, a unit of account, and a store of value.Monetary properties  make something usable as money, such as durability, portability, divisibility, limited supply ....




How did money originate?

At the beginning of human civilization, people exchanged goods for goods, but they realized there was a problem.If I produce wine and someone else produces meat, we can trade only if I want meat and they want wine at the same time. If not, the trade can’t happen easily. This problem makes bartering inefficient.

That’s why they realized they needed money.That it could serve as a common medium of exchange, making trade easier for everyone.That it could be a measure of value.It means money helps to express how much something is worth, so people can compare prices easily instead of guessing the value of goods during trade.Store of value means that money can keep its value over time, so you can save it and use it later without losing purchasing power.And it can be exchanged in the future , you can save money now and use it later to buy goods or services.People searched for good money,from whale teeth, shells, and stones,and eventually realized that gold was the best money because it had important qualities like durability and scarcity. However, gold didn’t have all the qualities of perfect money. That’s why banks and paper money backed by gold appeared.

Practically nothing physical in the world could have all the necessary qualities to be perfect money,until the digital age came and allowed the creation of a superior form of money like Bitcoin, which has all the essential monetary properties.

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I hope this helped you understand!

Bitcoin is money, what is money?

Money is anything that has the necessary qualities to serve as a medium of exchange, a unit of account, and a store of value.Monetary properties  make something usable as money, such as durability, portability, divisibility, limited supply ....

How did money originate?

At the beginning of human civilization, people exchanged goods for goods, but they realized there was a problem.If I produce wine and someone else produces meat, we can trade only if I want meat and they want wine at the same time. If not, the trade can’t happen easily. This problem makes bartering inefficient.

That’s why they realized they needed money.That it could serve as a common medium of exchange, making trade easier for everyone.That it could be a measure of value.It means money helps to express how much something is worth, so people can compare prices easily instead of guessing the value of goods during trade.Store of value means that money can keep its value over time, so you can save it and use it later without losing purchasing power.And it can be exchanged in the future , you can save money now and use it later to buy goods or services.People searched for good money,from whale teeth, shells, and stones,and eventually realized that gold was the best money because it had important qualities like durability and scarcity. However, gold didn’t have all the qualities of perfect money. That’s why banks and paper money backed by gold appeared.

Practically nothing physical in the world could have all the necessary qualities to be perfect money,until the digital age came and allowed the creation of a superior form of money like Bitcoin, which has all the essential monetary properties.






I hope this helped you understand!