Commodity Money

Commodity Money

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The Qualities of Good Money and the Quest for Better Money

What are the specific qualities that make something good money? In this article, Marquez Comelab goes through a brief history of how money evolved from 11,000 years ago until today to determine if a new, modern-age currency like Bitcoin is a good form of money and improves the current monetary system.

The History of Paper Money, Banking, the Gold Standard, and Fiat Money in 10 Minutes

Knowing a little about the history of money is important in understanding the significance of a breakthrough like Bitcoin. In his previous article, Marquez Comelab wrote about the early forms of money like cows, rice, and shells, among many others, to the more durable and portable gold and silver coins. In this article, Marquez takes you through a condensed history of how paper money invented in China over a thousand years ago, combined with the development and use of banking, accelerated the evolution of the monetary and financial system we have today.

How Innovations in Money Changed the World and How Bitcoin Will Do the Same

To better understand Bitcoin, it helps if we know a little about the history of money. In this article, Marquez Comelab explores the origins of money, what our ancestors used as money, and why. He also tells a story of a particular innovation in money that changed the course of our history. Its impact reverberated across centuries and still influences us to this very day.
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