Money is simply a means of exchange. In pre-monetary societies, a bartering system was used in the direct exchange of goods and services between people. Barter eventually developed into various forms of commodity money or objects that most people wanted and were willing to exchange for goods and services. As Read more…
Bitcoin is an experimental, decentralized, digital crypto-currency that enables instant transactions between two parties located anywhere in the world. Bitcoin uses peer-to-peer technology which operates through the Internet. Thus, there is no bank, credit union, or clearing house needed to act as a middle man. Managing transactions and issuing money Read more…
Greetings gold enthusiasts! I just wanted to send you an educational video on the difference between fiat currency and commodity-backed currency. Of course, fiat currency is what we have now with the U.S. dollar. Typically, fiat currencies don’t last any longer than 27 years. The U.S. dollar has been Read more…