What is Bitcoin #2: Bitcoin Is Real Money
Rat poison. The next 1000x. The next tulip mania. A swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
Bitcoin has been called every name from the woeful to the wonderful, with the last quote from Microstrategy CEO Michael Saylor standing out for its poetic qualities. Indeed, Bitcoin is a difficult subject to fit into a box. Yet, at its core, Bitcoin is money. Or to be more exact, Bitcoin is the most real money humanity has ever known.
In the previous article, we traced the exciting evolution of money from barter to banknotes to Bitcoin. After our quick lesson, we can now answer the basic question with which we started the journey.
What Is Money?
Want to see how the story unfolds, head over to our blog and finish it off!