Money as we know it is being revealed in these days. In fact, we are just now really learning what money is, and financial education is truly just beginning. Many people who spend money, have no understanding of how it works and where it comes from. To most, it's just an object that they receive for work, and can use in exchange for goods or services. That is a limited perspective that the majority people have been allowed to believe, for the benefit of the few. The reality is that money is what we make it and ultimately decide it to be. We see this in history and in certain countries and cultures. We so readily forget or have never learned that money has been many things, in many places, over many years. It has been objects like shells, it's been food like beans or cattle, and has been something valuable like gold and silver.
It was this quote that confirmed it all for me-
"Money is what something is used for, not what something is." -Daniel Larimer.
But, for today's generation, it is cryptocurrency that is showing us how money really works. In the past, people bartered and swapped goods and services, and now we use labor primarily as a means of obtaining money. There is also the contributions of supply & demand, and inflation & deflation. In the end, it all boils down to agreement. Nothing has value until the value is agreed upon. It goes back to the comment that money is what we make it. Our spending behavior significantly affects our economy, rather we hold money or spend it freely.
Crytocurrency has really opened my eyes to the reality that money is and has always been more than what my limited world has seen it to be. It was never about the dollar or gold. Those were just objects used in my country, during my lifetime. I now understand and respect economics in a different and greater way. It is actually freeing to properly understand how money works. It expands the limitations that were set by myself and others. It is this freedom that many people still don't realize. It is why they don't respect or see cryptocurrency as legit "money" and see it as invaluable. It is a laughing stock in many circles, while others call it things like "monopoly money" and classify it as a ponzi scheme. And you can't forget those who call it an fad that will blow away with the wind bringing in the next big trend. They just don't get it, similar to how the world didn't get the internet and email. These things were just too different and out of their sphere of comprehension. But, I see something greater than all of the debates and speculations. I see not only a change in the way we spend money, but also a change in the way we see it. Money will never be seen the same!
