TheDude on Nostr: Money is a medium of exchange - something that has value. 6,000 years ago there were ...
Money is a medium of exchange - something that has value.
6,000 years ago there were stones and sea shells.
But the First real medium of exchange we can relate to in the modern era, is gold and silver.
Then ‘they’ developed paper receipts (cash) to exchange the gold because it was faster, transportable and more convenient - liquid.
Then ‘they’ developed Visa (the credit card) Even faster and more convenient than cash.
People thought it was weird for a long time before credit cards became the norm.
#Bitcoin is the next evolution of a better medium of exchange. In, it is so much better than anything ever devised, because it’s the world’s first hard money.
It is peer-to-peer, meaning there’s no middle man or centralised entity. Borderless - you can send it anywhere in the world at any time, cheaply and almost instantly. Bitcoin never sleeps, closes or stops.
It can transact more payments faster than Visa on the lightning network.
Created by Satoshi Nakamoto anonymously and handed to the world, it is mathematically proven and decentralised.
It has a limited supply that becomes harder to mine (POW) with time, making it the world’s first deflationary hard money.
#Bitcoin is incredible and world changing.
6,000 years ago there were stones and sea shells.
But the First real medium of exchange we can relate to in the modern era, is gold and silver.
Then ‘they’ developed paper receipts (cash) to exchange the gold because it was faster, transportable and more convenient - liquid.
Then ‘they’ developed Visa (the credit card) Even faster and more convenient than cash.
People thought it was weird for a long time before credit cards became the norm.
#Bitcoin is the next evolution of a better medium of exchange. In, it is so much better than anything ever devised, because it’s the world’s first hard money.
It is peer-to-peer, meaning there’s no middle man or centralised entity. Borderless - you can send it anywhere in the world at any time, cheaply and almost instantly. Bitcoin never sleeps, closes or stops.
It can transact more payments faster than Visa on the lightning network.
Created by Satoshi Nakamoto anonymously and handed to the world, it is mathematically proven and decentralised.
It has a limited supply that becomes harder to mine (POW) with time, making it the world’s first deflationary hard money.
#Bitcoin is incredible and world changing.