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The story of Bitcoin – how it grows

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The point is to say value exchange medium, and the great thing about money is that once you exchange goods, you can exchange it once with this value exchange medium. When necessary, it is an important invention for human beings that can be exchanged for other things.


You can save money temporarily, and when you have a lot of things to sell, you can save it by changing it to money, and when there are few things to sell.  You can also have a stable life by shopping with the saved money he will.

It’s so convenient that money comes to pass around people’s hands, which we call current currency. The other state and everyone must admit that the money is of widespread constant value.

The other day, they could exchange two watermelons for money one coin, but today I can exchange only one mandarin orange, so he is afraid we can’t store it for a long time. Also, it can’t be said that it is in circulation if the money in town can be used, but the other money can be used in B town.

The explanation of the condition will be the part of “the value was guaranteed by the nation.

Actually, there are various kinds of money in the world. It is the Japanese distribution currency Yen that you usually use, but the definition of distribution currency has a bit of a spit in today’s global society. They think you know.

This is because Japan’s country issues the yen, and it is originally intended to be distributed in Japan. For example, when Japanese people go to other countries, they have Korean money, so it is necessary to exchange the value of yen to win.

Since the evaluation of the money of each country varies depending on the economic condition of the country, depending on the country of exchange, the country of departure, the goods may be more expensive or conversely cheaper than their own.

If you take it out overseas, the tax will be levied, and if it is larger, you may not even be allowed to take it out

People have repeatedly bumped into this question throughout a long history, and the value of money has rocked a lot

This is called the gold standard, but the central bank issues money with the money metal that it owns as collateral, so people naturally spend money with peace of mind. However, this mechanism will also reach its limits due to the effects of economic development and globalization.

In other words, he couldn’t easily prepare as much money metal as the money you circulated.


Bitcoin revolution all over the world

It is such perfect money, but it is imperfect in a long history. A system for supplementing this and financial products using it will be created. As an example, a mechanism that allows fluctuations in the exchange rate between currencies to be speculated collects tax on transactions between currencies by raising the country.

In other words, the mechanism based on imperfections is in place. Bitcoin has the potential to become a circulating currency, denying and denying this existing mechanism. Bitcoin is not the currency of any country, nor is there a central bank to issue it. The profit secret provide access of the bitcoin trading.

For example, if the yen becomes too cheap against the dollar, the price of goods coming in from abroad will rise, and there is the possibility of the excessive inflation in the domestic market. Before that happens, you need to sell your dollars and balance them.

In the case of Bitcoin, its distribution range is worldwide, so there is no fluctuation in the exchange rate. Therefore, if all transactions can be done with this bitcoin, the value should be constant no matter where it is used.

Any institution like the country does not issue Bitcoin, so its value is not guaranteed at all. As you wrote about the gold standard system earlier, the currency used in each country today is not convertible.

The value of the land and one of the causes of the long recession is that the price of the land has dropped significantly due to the bubble burst in the latter half of the 1980s.


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