Money is the lifeblood of the economic system and the way we function as a society. Most of us devote 8-12 hours a day seeking to make money and worry about it, trying to determine how much we earn to spend or invest.
But what is the underlying concept of money? Is it a piece of paper with pretty pictures that dictates its concept? Is it what the authorities describe? Or is it what you and I decide as a marketplace participant?
The Neolithic Revolution gave rise to early human civilization around 12,000 years ago but did it gave rise to the concept of money during that time as well?
How did people use money during the early BC era? Who used to control the supply of money within a country, and what forms of money were used?
Did Egyptians used paper money to build the Pyramids? How did we evolve from gold coins to paper money? Was there a high volume of frauds when we evolved from paper money to plastic money (credit cards)? Did people find internet banking secure in the 1990s? And what in the world are cryptocurrencies?
What is a financial market? Are stock markets the only form of financial market? What are bonds? How do banks trade currencies, and what’s their role in the financial system? Are central banks and commercial banks the same type of institutions? Is having debt really an issue?
Living in a world where money is a constant that one works for, it is important to become aware of what constitutes the participants that make up the financial system that governs money control.
What caused the Great Depression of 1929? What caused the Great Recession of 2007? What is the role of central banks and financial institutions in a recession?
What is Bitcoin? Is Bitcoin the future of money? What is Ethereum? Is Ethereum the future of money? What are smart contracts? Is Blockchain technology the future or just a fad?
PROTOCOLS OF MONEY will provide a detailed chronological overview of the evolution of money.
From the Barter System to Gold.
From Gold to Coins.
From Coins to Paper Money.
From Paper Money to Plastic Money.
From Plastic Money to Digital Money.
From Digital Money to Cryptocurrencies.
The book will provide all the answers regarding the origin of the concept of money. It will provide you with the appropriate knowledge; one needs to become financially and economically literate so that when an impact occurs to the economy, you are prepared. It will also provide all the answers to your questions about digital currencies that will make you walk off with enough knowledge that you can form an informed opinion of your own whether digital currencies are the future of money or not as we enter the next exciting evolution of protocols of money.
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