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Currency has had a fruitful and largely charmed life, and watching it come into its crypto own is heart-warming indeed.
Currency as we know it has been evolving throughout our lifetimes. Along the same timeline and gently curving slope that it has evolved along since the advent of currency. From bartering and trading for goods, to exchanging precious metals, gems, and even spices for something else. Notes and coins are still, in the larger sense of currency, a fairly novel addition, but even those have seen their heyday and are entering into their twilight years. In fact, it’s estimated that almost 92% of the world’s money exists in a digital format today.
So, money has evolved. Come up from the muck of cumbersome goods and awkward items, to become easily transportable bills and coins, only now to blossom into a near digital enterprise. Surely, this may come as a surprise to some, particularly when seeing so many who balk at the thought of a cashless society—because reasonably, we’re already there. We live in a world where money is largely represented by a series of numbers, zero’s and one’s jumbled elegantly into bank balances and portfolio pages. Anyone who frequents Bitvavo[3], or any other crypto exchange, can tell you that despite them not holding a bitcoin in their hand, they know it exists. They’re sure it has value. Largely because they are capable of trading it. Turning it into other numbers—like those representing fiat. Or exchanging it for tangible goods and services.
Understanding Money
Nearly all money as we understand it, not just digital currencies, is purely representative of an idea. A dollar has value because you’re told it does. Because you can
