The Future of Our Money

The invention of money may be one of the greatest achievements of human civilization. From the beginning of society, people used money to avoid barter and promote trade and business difficulties. Since then, the money has increased significantly. There is no longer a need to rely on silver coins, cacao beans, or things that are inherently valuable for business; today we will use paper currency to make it easy to carry. But slowly, we are about to enter the era of digitization. In the digital age, money actually becomes less, it is only data on the computer server.

Bit coin and block chain technology is definitely the future of finance. Our funds are currently flowing in a gradual combination of digital and physical infrastructure. It is widely believed that revolution is brought about these old systems by creating trustworthy block chains without the need for trusted third parties. Until Amazon and other companies provided cloud services, the storage infrastructure was very fragmented. The company has its own server installed in its office. This improves controllability, but also increases cost. Companies need in-house expertise to build and maintain expensive servers and drives. You also need to invest in offsite backup to achieve redundancy.

We have created an idealized and decentralized ecosystem for the future, and in essence we prefer a convergence exchange model by trusting the traditional exchange with funding. In essence, you lose control and give way to your money. There are many examples that showed this situation seriously and that these exchanges lost user funds.

Money is a standard that everyone can agree - exchange of monetary value and commitment of future utility. The earliest currency form was short-lived, reflected in livestock, cereals, shells, and feathers. For thousands of years precious metals such as gold and silver became common. Today, we live in a debt-based society resulting from trust in third party institutions. Governments and central banks around the world have accumulated a tremendous amount of debt through seemingly unlimited credit access. Money requires the grace of a third party organization, and people can claim that their power is most responsible or unreliable.