Jirad Danchaivichit

From Barter to Bitcoin

Started May 26, 2023

Abstract or project description

In the 1500s, the Spanish silver dollar became a big deal in global trade. Later, in the 1800s, the British pound took over as the go-to reserve currency until the mid-1900s. After World War II, the U.S. dollar became the top dog, especially when it decided to break up with the gold standard in the 1940s, changing the game for global finance.

Now, jump to today, where cryptocurrencies have entered the scene, shaking up the usual money game. These digital coins offer a new way to swap value between countries and markets without going through the usual money hoops. It's like a cool, decentralized way to handle money that's different from what we're used to. As technology keeps pushing forward, we're caught between old-school money habits and these new, innovative ideas, especially as we debate how much cryptocurrencies will shape the future of our money systems.