Most people think they understand how money works, but THEY DON'T! I learned about 90% of what I know about money AFTER I started learning about Bitcoin. If you can't answer the following questions, you won't understand Bitcoin: - Why do all fiat currencies fail? - Why did the Roman Empire fall? - What is the Nixon Shock? - Why is the US Dollar the world reserve currency? - What is the difference between credit and debt? - How does inflation work? - What's the difference between CPI inflation and monetary inflation? - Why was gold used as money for THOUSANDS of years? - How is new money issued? - What are the functions and ideal characteristics of money? - What is fractional reserve banking?
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