tema 6 money and trade

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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WHERE IS LEGAL BITCOIN?