What is the true meaning of money?
Simply put Money is a ledger of trade. That is it. Value is only
dependent on the individual using that particular ledger of trade.
Let us look at an example.
In this scenario, there are two 9 year
old children. A nine year old boy, and a nine year old girl. The girl
has two Black Canary trading cards, and the boy has two green arrow
trading cards. The boy wants a black canary, and the girl really
wants a green arrow to complete her collection. The boy says to the
girl, “Ill trade you one of my green arrow cards for one of your
black canary cards.” The girl agrees and they swap cards.
What just took place? Each traded a
card for the other. This trade now defined each of those cards as
money. Because the cards held value to each child.
Bitcoin as well as DASH, LITECOIN,
DIGIBYTES, and many other forms of cryptocurrency has proven by 1000
fold, they meet that ledger of trade. The wallets even have a ledger
just as any other bank account.
As you can see, from the above picture
of an electrum bitcoin wallet, that each transaction is not only
recorded onto a public open source blockchain ledger, but it is also
automatically recorded onto your own wallet ledger. The ledger of
trade proves it is money. Nothing more, just the ledger of trade.
What is great about cryptocurrency like Bitcoin, is finally the
MINERS (Real people) decide the coin. This is the way real money
should be, not controlled by Crooked banks and financial
institutions.
So the next time some unenlightened
half wit tells you that Bitcoin has to prove it is a real currency,
Point out what currency, or money really is.
