How did we get here. From Bartering to Banknotes to Bitcoin.
02 May 2023, 12:12
How did we get here? From Bartering to Banknotes to Bitcoin 🤔
In one of their recent blog posts, Hiro dives deep into the evolution of money đź’µ
ℹ️ What is money? Britannica defines money as “a commodity accepted by general consent as a medium of economic exchange.”
Money is ultimately a social construct—it doesn’t work unless both parties in the exchange agree on the medium of value.
Cryptocurrencies like Bitcoin are the next big step in the evolution of money, but to understand how important Bitcoin is, we first need to take a step back and look at the history of money 🪙
Read the full blog here 🔍