“Money is a social institution: a tool created and marked by society’s evolution, which has exhibited a great capacity to evolve and adapt to the character of the times”

Virtual Currency Schemes Report, ECB, October 2012

“Money is a social institution: a tool created and marked by society’s evolution, which has exhibited a great capacity to evolve and adapt to the character of the times”

Virtual Currency Schemes Report, ECB, October 2012

12,000 BC
Early
Currencies

Yap IsI

3,000 BC
Commodity
Currencies

Gold, Silver

1,700 BC
Representative
Currencies

Gold -backed paper money

1990
Digitally – enabled Currencies
Flat, credit and wires

2009
Crypto
Currencies

Bitcoin and its legacy

Five Orders of Magnitude

As the number of people using Bitcoin has increased in orders of magnitude so has the price.
The speed of this process has accelerated with time.

Five Orders of Magnitude

As the number of people using Bitcoin has increased in orders of magnitude so has the price.
The speed of this process has accelerated with time.