Money

Marquez Comelab goes straight to the Bitcoin white paper, revealing that Satoshi Nakamoto, the inventor of Bitcoin, was not motivated to create a cash system used for crime or a tool to take power away from governments. Instead, he wanted to build an electronic cash system that helps everyday people monetize their knowledge, skills, and talents by providing a way to accept and make payments cheaply, quickly, and easily to and from anyone around the world.

Bitcoin is an electronic cash system that operates without a centralized authority. It allows you to send cash to anyone worldwide for a small fee. When such a powerful tool and invention comes along, you can bet people will try to influence, manipulate or control it. Those who see it as a threat will seek to destroy it.

With the advent of computers, smartphones, and the Internet, fiat money became digitized. Marquez Comelab discusses how Bitcoin pushed the evolution of money and describes how it electronifies a monetary and cash system without the need for intermediaries and go-betweens (like banks) to facilitate transactions between people. In this article, Marquez explains the most fundamental elements of Bitcoin and how it operates to help most people gain the necessary background to understand and start exploring Bitcoin.

Knowing a little about the history of money is important in understanding the significance of a breakthrough like Bitcoin. In his previous article, Marquez Comelab wrote about the early forms of money like cows, rice, and shells, among many others, to the more durable and portable gold and silver coins. In this article, Marquez takes you through a condensed history of how paper money invented in China over a thousand years ago, combined with the development and use of banking, accelerated the evolution of the monetary and financial system we have today.

What are the specific qualities that make something good money? In this article, Marquez Comelab goes through a brief history of how money evolved from 11,000 years ago until today to determine if a new, modern-age currency like Bitcoin is a good form of money and improves the current monetary system.

To better understand Bitcoin, it helps if we know a little about the history of money. In this article, Marquez Comelab explores the origins of money, what our ancestors used as money, and why. He also tells a story of a particular innovation in money that changed the course of our history. Its impact reverberated across centuries and still influences us to this very day.

Marquez Comelab explores what money and the different forms it had taken in the past for us to consider whether Bitcoin can be used as currency.