![]() ![]() ![]() The purpose of this post isn’t to discuss the history of money, but it’s important to understand where the concept of money originated from and what its actual use was for, in order to later better understand and appreciate the significance of Bitcoin and other cryptocurrencies. ![]() For example, Leo Tolstoy eventually came to the conclusion that “money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal there is no human relation between master and slave.” While most of that quote by Tolstoy holds true, the fact is that money was not actually a ‘ new’ form of slavery it goes way back. Even in recent times many smart people have recognized the purpose of money as such. This is how money came into existence many thousands of years ago in ancient Mesopotamia. Let me start right away by stating that the primary purpose of money is to enable and facilitate slavery. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Some of the things I will discuss might lie (far) outside of your realm of awareness, but keep an open mind and take this information into consideration, and I’m confident that with time you’ll reap the benefits - especially if you’re looking into investing in cryptocurrencies in the future. This post is my way of helping you with that. Please take the time to educate yourselves first. It’s too bad that many of the developers who are introducing their own cryptocurrencies these days don’t understand the fundamental reasons for why Bitcoin was created, don’t understand the history and the purpose of money, and as a result create digital currencies that will help to perpetuate the same problems humanity has been suffering from for thousands of years. I’ve noticed that many people don’t understand the significance of these developments and the exact problems that they’re solving so in this post I’m going to share some of my thoughts on this and also discuss some of the things that people should watch out for when they decide to invest in cryptocurrencies. ![]() If you’ve been paying attention to what’s going on in the world these days you’ve no doubt noticed the sharp rise in the popularity and adoption of cryptocurrencies and in particular Bitcoin. ![]()
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