“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.