Bitcoin Course | Big Picture Basics 6.1 - Bitcoin As Money Pt1

“The Essence of Money: A Journey Through Time”
The story of money is as ancient as civilization itself. Initially, the barter system was the norm, directly exchanging goods for other goods. However, the system had a critical flaw: it depended on the “coincidence of wants.” What if you had apples and wanted to purchase bread, but the person with the bread you wanted didn’t want apples? Enter money—an intermediary of exchange so that the transaction of goods needed to only go one way. Money needs to be something of universal acceptance to all of us.

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This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] [Music] welcome to module 6 finance and Bitcoin and so this module really focuses on bitcoin as money itself and the larg topic of finance and our financial world that is going to be the most interactive part for most people within this entire ecosystem that you’ve learned about but the first question really becomes what is money where did it come from and why did we invented well that was to solve what we call The Coincidence of once that before money we just bed which is if you have something that I want and I have something that you want that is a straightforward transaction that can occur value for Value but what if only one of us had what the other needed well then you needed something to go the opposite direction of the good or the services to make sure that that transaction was fair that Energy’s neither created or destroyed only transferred and so that value forv value transaction was what money filled as the Gap and money needed to be something intrinsic for example in the Roman times everybody accepted salt as a means of payment because we all needed Salt to preserve food and food is quite important to every human so money as a good property would need to be very intrinsic in [Music] value

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