The History of Technology Throughout Time

The history of technology began in the stone age of 2.5 million years ago. Flint was split and sharpened for use as a tool. These stone tools have been used for drilling, milling, cutting, and sharp tips for hundreds of thousands of years. 500,000 years ago, in China, a human found a fire. The Neolithic Age of the Stone Age brought many new technologies in the 8 th century. These techniques are spun with dry spinning spindles made of pottery, textiles, Jericho bricks, clay or mud.

Throughout history, technology was always a promoter. The invention of the motor has revolutionized transportation and replaced the horse with a bicycle and a car. During the industrial revolution machinery and tools expanded exponentially. Our day-to-day communication has evolved from telegraph, telephone, modern mobile phone, and the Internet. Before introducing each technology, everything works well, people are "ordinary" living. Since it is not necessary to immediately improve what is not destroyed, the beginning of each innovation is usually late and has little effect. However, we are now aware of the importance of accepting these changes.

What we are experiencing today is technology innovation that shifts the nature of the money itself from one thing to another. This is a situation that only occurred several times throughout the recorded history. This is because it explains the fundamental reorganization of the nature of money, not asset bubbles that occur within the current currency system. The bit coin can be labeled "This time is different". From the perspective of irrevocable damage brought to citizens by the policies of the central bank in the last century, it has been seen as crack expansion of cash war caused by target inflation, QEternity, ZIRP and NIRP, inevitability. . And capital management over the past 10 years. The most suitable label for all of these is "Financial Repression" by Chris Matensen.