Why Bitcoin Is Not Working


I said it before and I’ll say it again, our currencies did not emerge from bartering, it evolved from a credit based system. Bartering was only used for trade with external entities.

“No present or past society has used barter without any other medium of exchange or measurement, nor have anthropologists found evidence that money emerged from barter, instead finding that gift-giving (credit extended on a personal basis with an inter-personal balance maintained over the long term) was the most usual means of exchange of goods and services”

Check out this really cool video below, which will explain why Bitcoin is not working still.

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