The Bitcoin Standard Simplified: Discover Why Bitcoin Is Changing Everything
Insights are drawn from ‘The Bitcoin Standard’ by Saifedean Ammous
Day 14!
Let’s face it finance can feel like a tangled mess of jargon and numbers. But at the end of the day, it really boils down to a simple question:
What is money, and how has it changed over time?
This book takes us on a wild ride from ancient bartering to the groundbreaking world of Bitcoin, showing us what money really is, where it gets its value, and why it matters to all of us today.
What Is Money and How Did It Evolve?
“A good that assumes the role of a widely accepted medium of exchange is called money.”
Money is basically a tool that lets people trade goods and services without all the hassle. Before money, people used bartering. Imagine trading a goat for some grain or a piece of cloth for fish. It sounds simple, but there was a catch: if the person with the grain didn’t need a goat, you were out of luck.
“The only way around this is through indirect exchange: you try to find some other good that…
