The History Of Money, And Why Cryptocurrencies Are The Future.

in cryptocurrency •  7 years ago 

What is money?
Money is a form of proof that a service was provided. Nothing more, nothing less.

Why was money created?
In the old days, before there was law or even civilization, there were tribes. These tribes looked out for their to survive, and there was a mutually agreed upon set of responsibilities for each member. Occasionally, there would be times when a man within his tribe would need assistance, and nobody within his tribe would have the skill to assist. Upon contacting another tribe, he finds that there is a man among them who posseses the skill he needs, and thus requests his service. With the mutual understanding that in return for his service, he may call upon the requesting tribesman for assistance when needed. This was the origin of money.

Time passes, and people become less agreeable, they stop honering their promises, and, as a result, violence ensues. To end this, the people decide that promises aren't enough. So the wisest of the villages advise trading goods. And so they do. Food, building supplies, and clothing become the new currency. And for a while, it works out alright. Everyones happy.

Then, time passes, and the people feel that maybe food is worth more than clothes, or perhaps clothes worth more than food. Once again, the people become violent. So they once again seek out the wisest of the village, and are advised to give each other pretty rocks in exchange for their services, and to better identify these rocks, etch symbols into them.

As time passes, these rocks lose their appeal, and the people once again disagree. The civilization is now progressing, and there are now kings, emporors, and such. So the leaders of the civilization decide to solve this problem by having their smiths design coins with the leaders face or name etched into it, and assigns a fixed value to each coin. time goes on, and the leaders who created the coin to solve the problem, realize they can also use this new form of currency to exploit the people and thus do so. This is a trend that continues on from one civilization to the next, until one day, the Legendary Samurai, Satoshi Nakamoto, whips together code in one hand, slices fruit with the other, and sends the code that would revolutionize man kind... Public. And thus, Bitcoin was born, followed by several Altcoins.

That being said, while cryptocurrencies may not be the last form of currency to ever be used, they are a solution to the current problem, which if history proves true, means they are definitely the next.

Ps, this is my first post here. Really excited!!

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