The History of Money

in bitcoin •  6 years ago 

the history of money.jpgMoney was created many times in many places. Its development required no technological breakthroughs — it was purely mental revolution. It involved the creation of a new inter-subjective reality that exists solely in people’s shared imagination.

Money is not coin and banknotes. Money is anything that people are willing to use in order to systematically represent the value of other things for the purpose of exchanging goods and services.

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