Bitcoin - A Currency of the Future?

 Our monetary system's history began with barter trading. First, people exchanged goods and services for later use by means of payment such as gold, silver, coins and banknotes. This was the start of our banking system with money loans, corruption and financial crises.

 How will payments be made in the future? Some believe that Bitcoin is the currency of the future. But what are Bitcoins, and how do they work?

 After watching the program, I have to admit that I still do not understand what bitcoin is or how it works?

 "I understand that it is a new monetary system." "Still, I think it will have to go through crises, broken hopes, disappointments and" as usual "enrich those who first get into the bitcoin game" before it stabilizes or goes under.

 To me, the most important lessons to learn from the program is that it illuminates our monetary and financial systems in a way that is easy to comprehend and it increases understanding of the history of money.

 A lesson we should already have learned from "The History of Money" is that all systems can be used and abused. This also applies to monetary and financial systems. And we learned that a monetary system to function properly must have a currency that is relatively stable. So far Bitcoin really hasn't arrived there.

 Some quotes from the program:

 Francis Bacon: Money is an excellent servant, but a bad master.

 Albert Einstein: Interest rate is the eighth wonder of the world. Those who understand it can profit from it. Those who do not understand it have to pay.

 What always characterizes money is:

1) There has to be a scarcity of money

2) Money should be easy to recognize

3) They can be shared

4) They can be changed

5) They can be transported

6) They are persistent (don’t deteriorate)

7) They have a value that is accepted

8) They are hard to fake

 The program is available at:

http://urplay.se/program/199449-bitcoin-framtidens-valuta

International title: Bitcoin: the end of money as we know it

Production year 2015 - Available until: 31 December 2018 (English language with Swedish subheadings

Also check:

http://axiom1b.blogspot.se/2016/12/why-next-financial-crisis-will-be-even.html