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The History Of Money [Pic]

submitted by: AFTERSHOCK
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The History Of Money [Pic]. Humans have been using banks and currency for thousands of years. See how far weve come, from bartering to Bitcoins.
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Hits: 3612 | Favorites: 0 | Emailed: 0 | Rating: 3.0 | Category: Misc. | Date: 06/13/2014
 
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SavageChef
Female, 50-59, Western US
 2058 Posts
Tuesday, June 17, 2014 12:56:53 AM
Fun fact: I draw little pictures of stick-kitties, and people give me money.

JoexBro
Male, 18-29, Eastern US
 374 Posts
Friday, June 13, 2014 1:49:56 PM
I think you are all missing the main point of this discussion. It's a re-post.

OldOllie
Male, 60-69, Midwest US
 13495 Posts
Friday, June 13, 2014 11:36:40 AM
Now the Fed just creates money out of thin air and uses it to buy up new government debt instruments at 0% interest. Hint: this can't go on forever.

onoffonoffon
Male, 30-39, Western US
 2087 Posts
Friday, June 13, 2014 11:21:47 AM
@auburnjunky- yeah bitcoins are more then a little mind bending. It took me multiple study sessions to understand them somewhat. He goes a brief idk... The stability of a money type is in the ability to defend it from fraud and ensure it's authenticity. The value of money is in the public`s perception of the stability and steadfastness of the issuer. So, fraud and inflation are the two enemies of money systems. Bitcoin is an attempt to manage this. The govs are worried because people put their money where their faith is. Also, one of the key points of money creation is that it allows for taxation without diminishing the asset.

auburnjunky
Male, 30-39, Southern US
 9970 Posts
Friday, June 13, 2014 9:12:35 AM
Still don't understand bitcoin....

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