Most people think they understand how money works, but THEY DON'T!
I learned about 90% of what I know about money AFTER I started learning about #Bitcoin.
If you can't answer the following questions, you won't understand Bitcoin:
- Why do all fiat currencies fail?
- Why did the Roman Empire fall?
- What is the Nixon Shock?
- Why is the US Dollar the world reserve currency?
- What is the difference between credit and debt?
- How does inflation work?
- What's the difference between CPI inflation and monetary inflation?
- Why was gold used as money for THOUSANDS of years?
- How is new money issued?
- What are the functions and ideal characteristics of money?
- What is fractional reserve banking?