Early System of Trading.
Let’s take a look at the evolution of money through a practical example. One day, around 25,000 years ago, a man hunted down a mammoth and people within his community wanted some meat of the animal. As he began to distribute the meat to every villager, he had to keep a track who took the meat and how much he gave to each of them. For thousands of years this was the way how people traded among themselves. No ledger was available to keep a track of the debts, people were forced to keep track of their own debts.
Inception of Money.
As the trades expanded to keep a track of “who owed whom how much” became very tedious. One intelligent man came up with a better ledger that could track who owed him how much. So when people came to him to get something he asked them to pay him stones as a way to keep a track of how much they owe him. This was the birth of “Money”, which rose from keeping a track of debts. This method gained popularity and was adopted but other in the community as it improved upon keeping track of debts.
Full article with video continued...
http://bitcoinpricelive.com/history-of-money/
Topic: History Of Money - And How It Relates To Bitcoin (Read 730 times)
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