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The road to Bitcoin

A collection of 2 posts

Money, specialization and comparative advantage
The road to Bitcoin

Money, specialization and comparative advantage

Simply put, money has one use: exchange. It is possible to trade without money, this is called barter. However, barter does not scale because without a unit of account the number of prices

  • Marty
2 min read
Is money make believe?
The road to Bitcoin

Is money make believe?

We use money all the time. What is it? A resource? a Technology? Is money just pieces of paper? Does it have objective value? Is it a social construct?Money is a medium

  • Marty
1 min read
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