History of money and how we have lost it's features en route and found it back in Bitcoin.

1. Blockchain Workspace www.blockchainworkspace.com
History of Money
@henkvancann
Origineel: Bas Wisselink - @DamelonBCWS

2. Blockchain Workspace www.blockchainworkspace.com
History of Money
Blockchains, feit en fictie
@henkvancann
Origineel: Bas Wisselink - @DamelonBCWS

3. Blockchain Workspace www.blockchainworkspace.com
Functions of Money
$ $
$
Medium of
Exchange
Unit of
Account
Store of
Value

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Barter (ruilhandel)
Cattle were considered more
valuable than sheep or pigs
One calf was worth two sheep

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Commodity Money

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Representative Money

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Fiat Money

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Forms of Money
Forms of Money
Ledger Money
(Paper or Digital)
$
Cash

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Money supply: Euros 2008-2018

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Why stop there?
What is value?
Contracts
Private information (address, likes etc)
Goods and commodities
Codes
ETC…

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Problems with Digital Value?
Who Proves:
That it is real and not counterfeit?
That it hasn’t been spent before and
therefore is mine?

12. Blockchain Workspace www.blockchainworkspace.com
Solutions for Digital Value
Pros:
1. Easy solution to “double spending problem”
2. Known form of contract
Cons:
1. Single point of Failure
2. Corruption possible (ledger tampering)
Centralised Systems:
Ecash, Paypal, Apple Pay etc.

13. Blockchain Workspace www.blockchainworkspace.com
Solutions for Digital Value
Pros:
1. Many checks and balances in the system
2. No top-down structure
Cons:
1. Responsibility reverts to the user (usability)
2. Counter-intuitive and this hard to understand (at first)
Decentralised Systems:
Bitcoin and all true blockchains

14. Blockchain Workspace www.blockchainworkspace.com
Steal me…

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Thank You