WeirdoW

At some point in what seems like an eternity for the human race, people from all sorts of unrelated cultures and religions thought,” Why don’t we create a medium of exchange that can double as a store of value?” And so money was born. While initial currencies typically took the shape of coins made up of precious metals, it has taken many forms over the millennia. Heck, some considered goats and cows to be a form of currency.

It’s baffling how similar people’s thinking can be despite having backgrounds that differ like night and day. The fun thing is that the different approaches to the application of money into our everyday lives and value systems has acted as a core pillar in the growth and development of our society. Its evolution has played a key role in how various powers have formulated their local and international interactions.

Click Here To Visit My New Domain

We are now staring at what could be the beginning of the end for traditional currencies. Thanks to ridiculous amounts of inflation, the governments’ printing money like they are handing out success cards, and this little thing called Covid, the supply of money within most if not all world economies is quickly losing its value. The mere fact that the dollar still makes up the bulk of most countries’ Central Bank reserves is enough to mean that the USA exports a chunk of its inflation to other nations.

This essentially means a bunch of states are getting a healthy double dose of depreciation to their currencies. The recent massive shift to a more cashless society induced by the pandemic may have delivered a major blow to today’s money with many becoming more open to opting out of physical money. If that’s not enough, a possible alternative already exists. And it has for over 10 years now. Steadily growing in the shadow of the seemingly invincible dollar system.

Have you heard of this thing called Cryptocurrency? If you have, what do you think of its potential? Or is it just a bunch of techy mumbo jumbo that Elon Musk makes outrageous claims about sometimes? While some hail it as the future of finance, others view it as a bubble that will suck wallets and the environment dry. This goes to show just how early it still is in this space. We still have no clue what this marvel of code and servers will mean for the future. And it’s driving people up the wall in anticipation of a glorious rise or ironic collapse. This all remains to be seen.

Click Here To Visit My New Domain