Blockchain for Social Good. - Bitcoins


    11:30pm UK time, like right now.

    Considering how money is created out of thin air, its only a question of time before we all resort back to Gold and its problems with division much like Barter, or some other currency which is namely untraceable due to Bankers, unlike Bitcoins.

    Might be of interest to some.

  • Gold has little value outside of the fact that it's rare which has a social status associated with it. Because it is rare and hard to fake, that is why it's valuable as money.

    The real value of money is that is can accurately reflect the time and effort it took to acquire it in the first place. Anything that can do that can be useful as money. The final intermediate to making any money useful is getting to believe its useful. Money is a nearly text book example of a self-fullfilling prophecy. It is only valuable because people think its valuable.