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tema 6 money and trade
Edurne Uriarte Viudez
Created on November 27, 2023
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Transcript
what is a virtual currency?
Payment methods
towards virtual money
How did bitcoin start?
MONEY AND TRADE
notes and bills
How does bitcoin work?
Benefits and Drawbacks of using bitcoin
the birth of trade
the rise of gold
Is it legal?
Virtual Currency
What is virtual currency?
Gold Becoming Money
·People discovered that gold was special·Lasts a long time and is easy to break into smaller pieces · Ancient societies decided to use gold as their money
Gold Standard
- Money was worth a certain amount of gold
- The idea that gold was very important for trade and money
HOW BITCOIN BEGAN?
In 2009 a GROUP named SATOSHI NAKAMOTO CRYPTO
PROCESS
- IDEA OF DIGITAL MONEY
- BITCOIN WHITEPAPER
- BLOCKCHAIN
- BITCOIN MINING
- SOFTWARE DEVELOPMENT
PAYMENT METHODS
The way people started trading
·People realized they had different things in their areas·Started exchanging things they had too much of for things they needed
Trade Routes and Sharing Cultures
How Trading Changed Places
·Roads were made to connect places and to impruve trading ·The Silk Road ·Cultures to meet and share
- Places got richer and busier
- Mix of cultures and ideas helped societies advance
- When we trade and share ideas globally, the world changes.
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- Speddy and cheap virtual transactions
- Extra privacy measures
- Bitcoin value increases
- Secure
ADVANTAGES
- Instability
- Absence of regulation
- Irreversibility of the transactions
- Uncertain future
DISADVANTAGES
VS
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- Consectetur adipiscing elit.
- Sed do eiusmod tempor incididunt ut.
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