WCP: “Bitcoin: Getting in on The Modern Gold Rush” (9/16/19)

The evolutionary transformation of money is inevitable due to the very nature of the growth of society. Societies’ populations have grown to be larger and larger and populations and are increasingly being connected at greater and greater distances with greater, more elaborated and more complex wants and needs.  These greater, more elaborated and more complex wants and needs also produce greater, more elaborate and more complex problems.

Some examples of the greater, more elaborate and more complex problems are 

The increase in “buyer-seller vulnerability” to fraud, theft, counterfeiting, 3rdparty risks, costs of doing business at greater distance with more and more complex products and services, 

The Dollar and Time costs of unnecessary middleman and their fees, etc. 

Under the present system [the Fed and Fractional Reserve Banking] coupled with the government’s deficit spending, 

There increasing negative impact of the debt-based system on the purchasing power of the dollar as a store of value due to the inflationary quality fiat currency.

So, whatever is to serve as money under these local and global circumstance will be something that best solves most, or all, of the inherent problems for all parties to the transactions today.

“We can’t solve problems at the same level of thinking that gave rise to them” - Einstien