What Is [Money]?

I am no currency expert. But I have always been fascinated by money and the mere fact that you can hand someone some pieces of paper and get pretty much anything you want.

This kind of money is called fiat money. It means that there is no intrinsic value to the money itself, or it is negligible.

I guess different money systems have their advantages and disadvantages. Some are better at solving certain challenges associated with money, whether it be liquidity, making it harder to steal, making it easier to carry, etc.

Well, for me cryptocurrency is cool, because it retains the positive elements of the gold standard (only a limited amount available, countries can’t just increase the amount of cryptocurrency to try and artificially stimulate the economy). Also, at the same time, the big ones like bitcoin are becoming more and more liquid.

Then, think about how hard it is to steal – almost impossible unless more than half of bitcoin owners are in on it, I am led to believe. But with the new cryptocurrencies its probably impossible. And it is easy to “carry” – you don’t need to carry anything around except your passwords!

Hey before I forget I have a free gift for you if you comment YES below....This helped me tremendously in a number of areas in my life...The Science of Getting Rich (1910) by Wallace D. Wattles

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