The Bullish Case for Bitcoin (part 1 of 4)

Genesis and the origins of money

Genesis

The Origins of Money

The primary and ultimate evolutionary function of collectibles was as a medium for storing and transferring wealth.

Compared to modern money, primitive money had a very low velocity — it might be transferred only a handful of times in an average individual’s lifetime. Nevertheless, a durable collectible, what today we would call an heirloom, could persist for many generations and added substantial value at each transfer — often making the transfer even possible at all.

What an extraordinary episode in the economic progress of man that age was … for any man of capacity or character at all exceeding the average, into the middle and upper classes, for whom life offered, at a low cost and with the least trouble, conveniences, comforts, and amenities beyond the compass of the richest and most powerful monarchs of other ages. The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep

Part 2…

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Vijay Boyapati

Vijay Boyapati

Tu ne cede malis, sed contra audentior ito

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