What is Money
There are five major characteristics of money
- Divisibility the standard unit of money must be blank into smaller units to accommodate small/large purchases (pennies, nickels, dimes, quarters, etc.)
2. Portability money must be small enough to be carried. Paper currency is issued in large denominations (five, 10, 20, 50, 100)
3. Stability money should retain its value over time when it does not, people lose faith in their money. People will turn to other means of storing value such as gold, jewels, art, real estate
4. Durability my name must be strong enough to last through reasonable use. To increase the life expectancy’s, paper currency is made with paper with high fiber content.
5. Difficulty of Counterfeiting the government redesigns with paper currency is a News is watermarks and intricate designs to make it difficult to do what.

1. medium of exchange
2. store of value
3. unit of account.
A Medium of exchange is money’s most important function to facilitate transactions. Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another. The difficulty with a barter system is that in order to obtain a particular good or service from a supplier, one has to possess a good or service of equal value, which the supplier also desires. The barter system is not easily devisable. I have to trade two goats and one cow for an item that only requires 1 1/2 goats , and 1/2 a cow, how much change do I get back. Money effectively eliminates the barter system and all the hardships that come with it, by serving as a medium of exchange that is accepted in all transactions, by all parties, regardless of whether they desire each others’ goods and services.
In order to be a medium of exchange, money must hold its value over time. If money could not be stored for some period of time and still remain valuable in exchange, it would not solve the problem with the barter system and therefore would not be adopted as a medium of exchange. As a store of value, money is not unique; many other stores of value exist, such as land, works of art, and even baseball card, cryptocurrency and stamps. Money may not even be the best store of value because it depreciates with inflation. However, money is more liquid than most other stores of value because as a medium of exchange, it is readily accepted everywhere. Furthermore, money is an easily transported store of value that is available in a number of convenient denominations. With inflation comes the devaluing of money, at one point at the age of 30 in the 1970’s you where able to buy a house with 100k, now your lucky to buy a condo. Eventually that is your rent. While it stores value with the printing of money it can cause in inflation. We see this in a lot of 2nd and 3rd world countries where there money is not worth a lot in USD, and it takes a lot of the countries money to live. For instance in Cuba a national can live off of 40 USD a month. Now think about this stop drinking coffee at Starbuck for a month and you could pay for someone to live and pay there bills.
Money also functions as a unit of account, providing a common measure of the value of goods and services being exchanged. Knowing the value or price of a good, in terms of money, enables both the supplier and the purchaser of the good to make decisions about how much of the good to supply and how much of the good to purchase.
Money is not good nor evil, it functions in these three ways. Outside of these ways money doesn’t operate, but these 3 functions of money are important to our existence. In this definition we do not see money being attached to currency. currency is how barter and trade, but there are lot of ways to exchange value and keep account of it.
What we classify as money evolves through time. But the functions don’t change. As we speak we are seeing a changing of the guard. Systems are changing, classifications are changing. Get in front of it before it is in front you.
Right now we use the Fiat system of money. The issue with the FIAT money system as we know it, is it’s not backed by anything anymore. If the government wants more the simply print it. That is how they keep control. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made. When that happens the characteristics and functions are thrown out of order the whole system needs start back from the top.
Donations Accepted @
BTC Addresss: 1FmVhDgBWvntFtH7RcJ5d4AVQ24bDVbfLG
ETH Address: 0x51e586ee303dce1a526207a0683a366d91c9be5c
