The concept of money and how it difference from currency.
PEDRO FEBRERO: "At a given moment, people will stop valuing the currency because the money is not equivalent to the currency"
Usually, I am so focused on Bitcoin and other cripples that I forget where and why it all began, the real reason why we stick to this endless cycle of debt and destruction. The obvious fact that no one likes to confront and deal with is that our monetary system will surely fail, like any other system based on mandate.
Throughout history, all the great men who have tried to force their will have failed, and the cause is always the same: at a given moment, people will stop valuing the currency because the money is not equivalent to the currency .
While you can use the currency to trade and count a value, you can not use a coin to store the value, not in the same way you use gold, silver or Bitcoin.
I feel like I'm getting here, so let's start from the beginning.
What is the money

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Discussions about money always begin by defining what money is. If we look at the chart above, it is clear which characteristics should be considered money. First, money must be a value. You must have a way to keep your long-term value as a savings account that does not devalue. In order to do this, we need to give long-term monetary assets. The two strongest assets considered as money, while the world remembers were silver and gold.
What other characteristics do an asset need? Well, looking at the currency, we understand that each unit is the same everywhere, since the value of a monetary unit is the same in the United Kingdom as in China. This means that the money must be substitutable and exchangeable.
Finally, money must be a great means of exchange, which means that it must be easily transported and transformed into smaller units (divisibility). In addition, thanks to Bitcoin, the money can also be programmable.
Money against currency

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The currency is a cash application. In fact, the entire world currency is in fact useless because it is not supported by anything. The sound of gold or bitumen is worth it due to its limited supply and disposal of property. This makes BTC valuable, unlike currency, which is backed by trust in certain governments or policies.
In simple terms, although money is always a currency, currency may not be money (like Fiat coins).
This means that any person who wants to preserve the value must do so in another form of money, such as bitterness, gold, silver or property.
What is inflation?
Because currencies are produced by a closed group of private individuals who care more about personal gain than about people's interests, the system has to increase. This means that the amount of currency available in the market is likely to increase as this is the easiest way to control production and prices.
By cutting more or less coins and bills, what banks do is reduce or expand the money supply, which means that the economy will grow or collapse according to the degree of adherence.
Interestingly, there is no fictitious economy that can outperform stable money, as we have often seen in the past. This is mainly due to hyperinflation, the main cause of death of the coins.
The story usually goes like this: the government creates too many debts by creating too many additional currencies that are closed by large institutions. When this money hits the street, prices start to inflate out of control.
Bitcoin: The path of stable money
What is always happening is that people start to discard currencies and look for solid money like gold or silver. Of course, we all now also have Bitcoin.
When your government or economy begins to shrink, because that will happen, the easiest and safest way to maintain value is to own Bitcoin. It's so simple
Because Bitcoin is decentralized and each owner can be the sole owner of their currencies, Bitcoin becomes the most important weapon that fights for freedom and personal rights.


