The History of Money: Barter, Fiat and Bitcoin

Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about?

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The History of Money: Barter, Fiat and Bitcoin

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Script: Jonas Koblin and Karl Von Luckwald
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
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00:00 Introduction
00:22 Barter system
01:13 First from of money
01:40 Trust
02:13 Fiat Money
03:18 Cryptocurrencies
03:44 What do you think?
05:50 Patrons credits
06:00 Ending

#sproutsschools #economics #money #history #trade #cryptocurrencies #bitcoin

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