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Do we need a new form of money? Is money merely a ‘social contrivance’? As
every first-year economics student learns, money serves as a medium of
exchange and a store of value. You use money to buy stuff, or you save it so you
can buy stuff in the future.
To perform those functions, money must be stable and predictable. You
wouldn't like it if your dollar could buy only half as many groceries today as it
bought yesterday, or if your savings account fluctuated wildly in value.
As we embrace e-commerce (The US Commerce Department estimates that by
2010 about 16 per cent of total sales in America already took the form of ecommerce),
and move to a cashless society where most of our purchases are paid
for with a plastic card an obvious question arises; in the future will the world have
just one single currency, a virtual currency that is accessed by computer - or in all
probability an even more sophisticated device
Here's A Preview Of What You'll Learn
The Origin of Currency
Fiat Money - Lessons to Be Learned
Gold as a Currency
2013 Meltdown Turns Gold Rush Into A Stampede
The Gold Rout
The Money Changers
The Goldsmiths Of Mediaeval England
Where Does Money Actually Come From In The First Place?
Fractional Reserve Banking
How Does A Small Minority Gain Control Of The Money Supply?
A World or Global Currency
The U.S. Dollar Is the Strongest World Currency
Our Debt Based Monetary System
How Did The Housing Crisis In The U.S. Happen?
Why Was The U.S. Housing Bubble Bursting So Harmful?
The Subprime Meltdown
Biggest Culprit: The Lenders
Does Bitcoin Have Enormous Promise?
A Mathematical Framework Free Of Politics And Human Error?
A String of Letters and Numbers
Three Eras of Currency
Bitcoins Are Either A Revolutionary New Currency
Will Bitcoins Make You Rich?
Bitcoin: Digital Currency Attracts Financial Traders
Bitcoins, Speculative or Alternate Currency?
The Antisocial Network Of Bitcoins
Goldbugism and Bitbugism
Who Uses Bitcoin?
Internet Oddity or Mainstream Use?
Bitcoin And The FBI
Trading Tulips In Real Time
What Is Gold, And A Bitcoin Really Worth?
Estimates And Emotion
Bitcoin - The Enemy Of Central Banks?
Will Bitcoin Last?
The Daily Bitcoin Show
5. How People Are Becoming Bitcoin Millionaires
Bitcoin - Is Opportunity Knocking?
The Bitcoin Richest: Accumulating Large Balances
PayPal Eyes Bitcoin's Disruptive Potential
Bitcoin, Silk Road And The FBI
Should I Get Involved With Bitcoin Mining?
Why Mine For Bitcoin?
Why Would I Rent Hashing Power Or Buy Into A Mining Bond?
Bitcoin Is Volatile!
What Kind Of Results Can You Expect?
Genesis Of The Bitcoin
Shares And Pooled Mining
What Does It Take To Really Get Mining?
Performance Statistics And Price Points
Overcoming Problems and Pitfalls
What Do You Want To Do With Your Bitcoins?
Making Your ROI analysis
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