What is Bitcoin? What is Money?

Money Is Simply a Way to Hold and Exchange Value Between Humans

Three uses of Money

  • Store of Value

  • Medium of Exchange

  • Unit of Account

Characteristics of Money

  • Uniform

  • Fungible

  • Durable

  • Divisible

  • Portable

  • Acceptable

  • Limited In Supply - Hard money vs. Soft Money

BitcoinRob O'KeefeComment