Hey, Where'd the Money Go?

Xapo CEO and founder Wences Casares explains the history of money in a Big Think video about Bitcoin. His explanation of the history of money is below. “Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always been a ledger. …the best way to understand money is to understand the history of money.

Now, When I start to discuss money, what I refer to like most people, is fiat money. The first question to ask should really be: What is money, and more to the point, what isn't money? There are several accepted definitions of what constitutes money. I'm going for a simple one: "Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or in a particular socio-economic context." So, Money is a good that acts as a medium of exchange in transactions, it is simply a facilitator of trade. Money, at its....

We all know that money printer go brrr. But how does the fiat money supply really get increased and what does this mean for our economy? The post How Money Printing Really Works appeared first on Bitcoin Magazine.

The way we traditionally perceive money is, at its root, misguided, as money is what allows humans to experience value.

There are many ways to make money, but using money to make money is the most efficient way. Finance is an industry that makes money with money. However, finance and bubbles are like twin brothers. Wherever there are financial products, there are bubbles. In the eyes of ordinary people, bubbles are risks, so ordinary people […]