TD₿: Shelling Out: The Origins of Money by Nick Szabo
TL;DR Bitcoin is the logical next step for mankind in the evolution of money.
Hey Bitcoiners,
When someone begins on their Bitcoin journey, one of the most important questions they can ask themselves is, “What is money?”
After pondering that question, you will find that it’s not a simple question to answer because the definition of money has evolved throughout human history.
To rise above the constraints of barter, humans have utilized all kinds of objects as money such as seashells, crushed tea leaves, beads, precious metals, all the way to the paper money we are familiar with today.
But why do some things function better as money than others? It turns out that there are specific traits that allow for some objects to serve as money more effectively than others.
Cypherpunk Nick Szabo explores this topic in his timeless blog post “Shelling Out: The Origins of Money” (01/01/2002).
Bitcoin is just the next iteration of money that will drive the world forward into the 21st century.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“All money mankind has ever used has been insecure in one way or another. This insecurity has been manifested in a wide variety of ways, from counterfeiting to theft, but the most pernicious of which has probably been inflation.” - Nick Szabo, Cypherpunk and Bitcoin Pioneer
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