Last updated on April 4th, 2018 at 01:54 pm If you’re worried that we’re going to get too technical and use a lot of complicated words – don’t. Here at 99Bitcoins we translate Bitcoin into plain English so even if you have no technical background you’ll be able to understand everything.
By the end of this course you’ll know more about Bitcoin and how it works than 99% of the population. Let’s get started At its core, money represents value.
If I do some work for you, you give me money in exchange for the value I gave you. I can then use that money to get something of value from someone else in the future.
Throughout history, value has taken many forms and people used a lot of different materials to represent money. Salt, wheat, shells and of course gold have all been used as a medium of exchange.
However, in order for something to represent value people have to trust that it is indeed valuable and will stay valuable long enough for them to redeem that value in the future. Up until a hundred years ago or so we always trusted in someTHING to represent money. Read more from 99bitcoins.com…
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