๐ฐ The Journey of Currency โ From Barter to Bitcoin
๐ช 1. Barter System (Before 3000 BCE)
People exchanged goods directly โ wheat for clothes, or cows for tools.
โ Problem: Hard to match needs (โdouble coincidence of wantsโ).
โฑ๏ธ 2. Commodity Money (3000 BCE โ 1000 BCE)
People started using valuable items like gold, silver, salt, shells, etc., as money.
โ Value based on material worth.
โ Heavy to carry and not standardized.
๐บ 3. Metal Coins (1000 BCE โ 7th Century CE)
First standardized coins appeared in Lydia (modern Turkey).
โ Easy to trade, store, and measure value.
๐งพ 4. Paper Money (7th Century โ Present)
China introduced paper currency under the Tang and Song dynasties.
โ Lightweight, easy to transport.
โ Risk of inflation if printed too much.
๐ฆ 5. Banking System & Digital Transfers (20th Century)
Banks introduced cheques, credit cards, ATMs, and online banking.
๐ณ Money became mostly digital โ numbers on screens replaced cash.
๐ 6. Cryptocurrency & Blockchain Era (2009 โ Present)
Bitcoin introduced a new revolution โ decentralized, borderless, and digital.
โ Transparent, fast, and independent of banks.
๐ Thousands of digital assets now exist โ like Ethereum, Sui, and Solana.
๐ฎ Future of Currency
AI + Blockchain + CBDCs (Central Bank Digital Currencies) may define the next era.
Money is no longer just a medium of exchange, itโs becoming a form of technology.
