Bitcoin Cash so far is the best medium of exchange in the history of money by BitcoinXio at reddit
33 comments
The post leads to Bitcoin.com
Ten reasons why Bitcoin Cash (BCH) has the best traits of money
published May 7, 2018
Excerpt:
Money has been around for many thousands of years, dating back to early man during pre-money time when humans used systems of barter to transact with each other. A lot has changed since then, where money has evolved, and continues to evolve, as new mediums of exchange have been introduced.
What is money?
In the pre-Bitcoin era, gold was considered as money, which for a long time was backing the U.S. Dollar (called the gold standard). That is, until 1933 when President Roosevelt began to suspend the gold standard except for foreign exchange. Later in 1971, President Nixon completely ended the gold standard, finally decoupling gold from the U.S. Dollar (fiat). Gold is still used as a medium of exchange, but it’s power as money has dwindled along with fiat money.
After 2008, when Satoshi Nakamoto invented Bitcoin...
...
Read entire article: bitcoin.com/info/ten-reasons-why-bitcoin-cash-bch-has-the-best-traits-of-money
