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?

Reply to this note

Please Login to reply.

Discussion

Preach!!