The first thing we think about whenever we want to buy something is money. Theoretically speaking, money itself has no value; it’s what money can buy that motivates us everyday to work and strive to earn more of it. It has served as the standard medium of trade since the demise of the barter system during the early days of civilization. It is also fair to assume that there is nothing in the world that money cannot buy, of course, with exception for a handful of intangible objects. You could, however, use any one of these items as an alternative to money, so long as all parties involved agree to the circumstances. And many people have already agreed to use a new medium of trade that may actually compete with modern-day currency exchange.
What is a Bitcoin?
According to Forbes analyst Andy Greenberg, “Bitcoin is a grassroots non-profit project that seeks to fashion a new currency out of little more than cryptography, networking and open-source software.” It is an entirely new form of purchasing power, void of most government-based stipulations and factors, such as large-scale counterfeit scams, interest and inflation. Just imagine—international financial representation that can be stored and monitored on your own computer is definitely a concept with enough steam to combat Illuminati in the race towards the future.
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