Barter to Bitcoin and the Future

This was originally published on shivendramisra.com/blog

“All money is a matter of belief” — Adam Smith

Fiat Currency enters

A Quest to Find a New Form Of Money

Left: David Chaum, Right:Wei Dai
Left: Nick Szabo, Right: Dorian Nakamoto

“I do sense that the financial system is under the gun. In order to keep our system and economies moving globally, there’s the need to create new money” — Henry Kaufman, President of Henry Kaufman & Co.

Satoshi’s Gift

“The reason we’re all here is that the current financial system is outdated” — Charlie Shrem, BitAngel, BitPay, Bitcoin Foundation

Can Bitcoin Replace Fiat?

But, why is bitcoin so volatile?

Conclusion

“The financial system has been turned over to the Federal Board. The Board administers the financial system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” — Charles August Lindbergh, ex-U.S Congressman

About Me

Rethinking human growth through meditation and spirituality. Join me: bit.ly/reinventnewsletter 🙏🏻

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