Society’s Evolution: Society has gone through various evolutions, from barter as a means of exchange to the moment when a government controls its means of exchange with a state currency. The state has always intervened until it reached the current system in each country. This social organization varied from the most liberal, where man controlled his means of exchange, to the most interventionist, where the government controls our finances.
Historical Context: In 1990, long before the internet, there were already criticisms of the more controlling system, and people sought ways to take power away from the government, desiring to return control to individuals. Milton Friedman, an economist and Nobel Prize winner, predicted that the internet would change the way money moves due to dissatisfaction with state control over money. He didn’t live to see Bitcoin’s creation, but his predictions were accurate.
The Bitcoin Revolution: Ten years after Friedman’s comment, soon after the North American collapse that shook the world, the first Bitcoin transaction was made, and the world was never the same. Society is driven by innovations brought by humans, and these innovations often stem from the modern world’s obsession with money.
Impact of Bitcoin: Barter still exists but only for small communities due to its limitations. The revolution in human mentality created bonds of trust and globalized the world, allowing traders to travel continents in search of wealth. The means of exchange is considered a true engine for achieving human progress, and when decentralized from power, it became so valuable that the technology and its complex codes are worth more than any currency in the world.
Milton Friedman, economist, Nobel Prize winner, commented that the Internet would change the way money moves, precisely because of dissatisfaction with state control over money, he just didn’t live to see Bitcoin being created.
After 10 years of Friedman’s comment, soon after the North American collapse that happened in the WORLD, the first Bitcoin transaction was made and the world was never the same again.
Understand that society is driven by innovations brought by human beings, and innovations have always been due to the obsession of the modern world related to money.
Barter exists, but only for a small community where it is counted on fingers because it depends on several factors. The revolution in human mentality created bonds of trust and globalized the world, making traders circulate continents in search of wealth.
The means of exchange is considered a true engine for achieving human progress, and decentralized from power it has become something of such value that technology and its complex codes are worth more than any currency in the World.
This is already sufficient proof of how much humanity demands a means of exchange without a power that invades its privacy!