As we all know, money is what is accepted as a means of payment for a good or a service. Good money is expected to serve as a unit of account and deposit of value among other characteristics.

But … a moment! If a money does not accept it as a means of payment, no matter how great it is as a unit of account, and everything you want … is it worth something? That is why the value of money is not that it is closely linked to its acceptance, but is directly related.

The FIAT money (which is the official money like the euros or dollars among others), as we know it today, are not more bills and coins without their own value, already very far from when they represented a value in gold. They are endorsed and certified only by issuing entities.

Currently, governments, through imposed laws, determine the type of money of legal tender. But it is other entities, such as central banks and moneylenders (CECA), which are in charge, first, of regulating and controlling the monetary policy of an economy, and second, of creating the currencies and notes according to demand and the need to have physical and electronic money. And they can create as much as they want and whenever they want.

No matter the timeframe of the history you select, this model has proven to fail miserably. Only in the 21st century (and notice that we only have 16 years of the century) there are multiple failures: Crisis, corralitos, uncontrolled inflation, …

Subjected population. The currencies issued by the central banks are necessary for them to apply, in an opaque manner, concrete economic policies, leaving the fate of millions of people at the whim of a few. To hit, literally, click can generate millions of euros in a computer that devalue the purchasing power of people.

Paradoxically most of us see the current money (euros, dollars, .) as a solution when, in reality, it is something similar to a yoke that submits to the wishes of a few at the time that make us participate in wars and excessive barbarism and again.

And is that, as we explained, Bitcoin has better properties than FIAT money. bitcoin price canada