How bitcoin works

Bitcoin is a decentralized form of cryptocurrency. This means that they are not regulated by either the financial institution or the government. So, unlike a traditional bank account, you don’t need a long list of documents, such as an identity card, so you can set up what’s called a bitcoin wallet. A bitcoin wallet is something you will use to access your bitcoins and to send bitcoins to others.

How to set up an account

You can purchase a bitcoin wallet from a bitcoin broker such as Coinbase. When you open a wallet through a certified broker, you are given a bitcoin address, which is a series of numbers and letters, similar to a bank account number and a private key, which is also a series of numbers and letters that serve as your password.

How bitcoin works as an anonymous payment processor

You can do 3 things with bitcoins, you can make a purchase, send money anonymously to someone or use them as an investment. More and more merchants are accepting bitcoin as a form of payment. By using bitcoin instead of cash, you are essentially making this purchase anonymously. The same goes for sending money, assuming you don’t need to submit a mountain of payments so you can anonymously create bitcoin, in fact, you can send money to another anonymously.

How bitcoin works as an investment

The value of bitcoin fluctuates from time to time. To put everything in perspective, back in early 2013, the average price of bitcoin was about $ 400 per bitcoin, but by the end of 2013, the price of bitcoin had risen to more than $ 1,000. This meant that if you had 2 bitcoins worth $ 800 in early 2013 and you kept them as an investment until the end of 2013, those two bitcoins would cost more than $ 2,000 instead of $ 800. Many people keep bitcoin due to the fact that their value fluctuates.

Bitcoin casinos and poker sites

Due to the anonymity of bitcoin the gaming industry has adopted bitcoin as a payment method. Both casinos and bitcoin poker sites come to life and offer their players to make deposits, play with bitcoins at tables and withdraw money directly to their wallet. This means that there are no taxes and no opportunities for state control. Just like a regular casino in Nevada, where you don’t need to register anywhere and all your transactions are anonymous.

How do you send bitcoin

In order for you to be able to pay for goods and services or send a bitcoin to a private person, you need 3 things. Your bitcoin address, your private key and the person’s bitcoin address. From now on, through your bitcoin wallet you will place 3 pieces of information: input, balance and output. Input refers to your address, balance – to the number of bitcoins you are going to send, and output – is the address of the recipient.

4 Benefits You Can Enjoy Investing in Bitcoin

Bitcoin is a type of digital currency based on a peer-to-peer network. It was introduced in 2009. The difference between this type of currency and the common one is that it is not centralized and does not depend on banking and government agencies. However, bitcoin offers many benefits. For example, it has lower transaction fees than conventional payment mechanisms. Let’s look at 4 benefits you can enjoy when investing in bitcoin. Read on to learn more.

Reusable

Initially, bitcoin users used currency to make regular financial transactions without paying a lot of fees. Since then, the currency has been used for many other purposes.

In fact, bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are first checked and verified. What’s more, all transactions can be viewed online through a database available on the blockchain website.

In addition, bitcoins can be used to digitally trade in land ownership securities, insurance claims and so on. However, it is important to keep in mind that these uses are under development. Thus, they have not yet become part of the mainstream.

However, the currency was a success. So it brought a revolution throughout the industry. According to many researchers, the value of bitcoin will rise in the future. So, it’s a great idea to invest in BTC if you want to get a great return on your investment.

Expected success

First of all, it is important to note that the potential gain is higher than the potential loss when it comes to investing in bitcoin. According to many cryptanalysts, bitcoin is going to become an international currency. In other words, the chances of losing money are lower than the chances of making a significant profit. So it’s a somewhat safe investment.

If that happens, it will give a boost to world trade. As a result, the value of bitcoin will increase 20,000 times compared to its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Because bitcoin is taken as a type of commodity money, you can invest your bitcoins just as you would invest in any business using traditional fiat money. This way, you can also earn interest on the money invested. Alternatively, you can sell your bitcoins after they increase in value.

Easy access

The best part is that you don’t need to hold your bitcoins long to make money. Depending on how much money people transfer to the Bitcoin network, you can make a profit in a short period of time.

In short, it’s a great idea to invest in bitcoin in 2019. Be sure to follow the latest developments to take advantage of the available features.

Tips on how to do and what not to do when you sell gold

It’s a great idea to sell some junk gold jewelry. The potential benefits are obvious in that it becomes possible to get more space for new items, as you also get cash for things you don’t really need anymore.

However, this kind of gold exchange is not like a jewelry deal with a local trader. This is different in many ways, and so you should keep in mind that there are certain rules that govern this, and a number of necessary and unacceptable points to remember so that you can get the best value for your subjects.

It is important that you are familiar with Australian consumer law, which prohibits fraud or misleading information when trading. In addition, the law also prohibits making false statements regarding the supply of services and goods.

Do when selling gold

– The most important thing in the to-do list is that you have to remember that you can sell almost any gold scrap. This literally means you can sell anything from gold necklaces and rings to your gold teeth.

– A little preliminary research will help you determine what the dealer will agree to take and not take. Also, imagine the value of your gold in terms of carat value. For example, the U.S. Federal Trade Commission has required that all jewelry sold in that country describe the carat accuracy of that particular alloy.

– It is perfectly normal to send any things you want to sell by registered mail or courier service if you do not want to personally visit the gold store. Most gold dealers will be happy to appreciate your gold items and then either buy, sell for you, or send you back if there are no arrangements.

– Finally, it is very important that you inform yourself. While it is possible that you know little or nothing about gold and even about how to sell gold, do some research and it will definitely put you in an improved position to sell. Try checking and see what others are selling on auction sites, or ask family members and friends to find out.

You can’t sell gold

This list can be long, although remembering just a few key points can really help you get the best rates when selling gold for cash.

– First of all, don’t just send your gold items to the first buyer or reseller you find.

– Conduct market research and make sure that the buyer has credibility, trust and has the seller’s core interests at the core of his business. Big companies don’t have to do outdoor advertising to get their gold. Normally they would build their customer base solely on their business reputation as reliable gold traders.

– Do not take jewelry to a gold dealer. They will not be able to melt jewelry on gold scrap, which means they will not buy them.

– Finally, do not pay too much. You can lose on a great deal. Patience pays in this area.

In Australia, businesses that buy gold are subject to the relevant state and territory trade laws. In this regard, companies that buy gold must obtain permission from Australian second-hand traders. You can visit the Jewelers Association of Australia website to check if a buyer is listed there as a certified and licensed buyer.

The best places to buy gold

Buying and storing gold scrap has become a great way to invest. The good side of this type of investment is that its low risk. This is because you always buy gold at low prices and then store it. There are a number of places where you can get scrap metal. The most common places:

Friends and family members: You should ask your friends and relatives if they have the gold they want to get rid of. Gold pieces can damage rings, earrings that don’t fit, broken necklaces and other gold gold that you’d like to turn into cash.

When buying from your friends, you need to come up with a price that will be happy people who sell you metals. You also need to make sure that the price leaves plenty of room for profit.

Newspapers: Although you can rarely meet people who advertise gold pieces, but there are people who do. If there are no people advertising, you can tell that you are interested in buying gold pieces. To reach as many people as possible, you should advertise in a national newspaper.

Pawnshops: Pawnshop owners often have gold pieces that they cannot sell to their customers; so you should visit them regularly and see what they have.

How to buy scrap gold

Before you start buying a precious metal, you need to make sure you understand the cost of scrap gold. The best way to determine the value of gold is to take the spot price for gold and then divide it by 31.1 to get a gram. You can also divide the spot price by 20 to get a cent.

Then you should multiply the resulting amount by the level of purity of gold.

Once you learn how to evaluate the metal you want to purchase, you need to get a license. You should visit the government offices of your city and you will receive a license that allows you to buy metal.

If you don’t have the money to get a license, or you don’t want to experience the hassle of getting a license, you should consider working with a licensed broker.

Conclusion

Here are some of the best places to buy precious metal. No matter where you buy the metal from, you need to make sure you buy it from a reputable seller.

What makes the South African Krugerand so popular?

History

The Kruggerand is by far the most famous ounce of gold coin. The first Krugerrand was minted in 1967, and since then the South African coin has remained a favorite choice for investors.

Iconic ingots in South Africa are the cornerstone of private ownership of gold and transformed industry.

The Krugerand became so popular around the world that it inspired other countries to coin their own ounce gold coins, such as the Canadian Gold Maple Leaf, the Australian Nugget, the Chinese Golden Panda, the American Golden Eagle and the British Coin Britain.

One of the important assets of Krugerrands is its history and popularity. It is the most traded and collected bullion in the world. If you are interested in investing in gold, then the South African Krugerand is the safest and right way!

In general, gold coins have a general advantage over ingots and jewelry. For starters, they are issued by governments, making them known around the world. This means you can sell your 1 ounce coins almost anywhere in the world without any authentication issues.

Legitimate payment account

South African coins have been legal tender since their inception. The Krugerrands have no cash denomination, which means that their legal tender is valued at the market price of gold. Therefore, you are legally entitled to exchange a Krugerand coin for a cash equivalent to 1 ounce of gold.

Price

Krugerand has a slight advantage over other 1-ounce ingots because they provide slightly lower prices than the American Golden Eagle and the Canadian Golden Maple Leaf. 1-ounce bullion coins are usually the most cost-effective investment in gold, and slightly lower prices give Krugerrand an added advantage over other coins.

Durability

Krugerrand consists of a 22-carat alloy with more than 90% gold and a small amount of silver and copper. This blend gives Krugerrand a signature golden-orange glow and also makes it more durable because pure gold is quite soft and easily damaged.

The Krugeranda 22-carat coin has a stronger connection than other ingots and is easily damaged.

6 reasons why you need to own gold

A story of preserving its value

Gold is volatile, but the value of gold will never be zero. Unlike paper currency, coins and other assets, gold has retained its value for centuries. People view gold as an asset that needs to be kept in the family and passed on from one generation to the next.

The weakness of the US dollar

When times are uncertain, people look for alternative investment options. The US dollar is one of the world’s most important reserve currencies, but when the dollar weakens against other currencies, people tend to invest more in gold, and this raises gold prices – a great example – between 1998-2008. When the cost is almost three times. In early 2008, gold peaked at $ 1,000 an ounce and nearly doubled between 2008 and 2012.

Inflation

The easiest way to say: if the cost of living increases, then so do gold prices.

Uncertainty in the world

If times in the financial and political sector are uncertain, the stock market falls, businesses cannot get loans as easily as before, and confidence in the government weakens – then usually the price of gold rises. Why? New investors are entering rising gold prices as investors see gold as a good investment.

Anonymity

Investors can buy and own physical gold privately and anonymously.

In addition, …

Gold is universal money, a tangible reserve of value and protection of wealth.

Physical gold cannot go bankrupt or spoil. Gold bars will never fulfill promises and commitments.

Bottom line

Even though gold prices may vary in the short term, it has always retained its value over time.

Gold bar: 11 irrelevant strategic investment reasons

Obviously, you may ask, why is gold so important or valuable and what is all this noise really about? Well, the brain behind my writing is that I don’t want you to be unaware of your financial / investment / retirement future and planning. You don’t have to keep going into the dark ages on matters involving gold and precious metals, so I present to you the unmistakable reasons why gold should be part of your investment combo.

1. Diversification of assets. When thinking about investment funds, the old saying “don’t put all your eggs in one basket” usually comes to mind. Although some critics say you put all your eggs in one basket and keep an eye on it, good luck to them. Smart and smart investors need to ensure that at least 5% of their investment portfolio is made up of gold and precious metals.

2. The constant existence of gold. The fact is that gold has left the human age, and as long as the world remains, gold will be permanent. Gold is superior to other property, products or investments (buildings, vehicles, stocks, bonds, etc.) because the value of these properties can deteriorate over time and the prevailing economic phenomenon. Take for example the saga of the global stock market in 2008; also you need to incur maintenance costs to keep them in good shape.

On the other hand, gold does not erode or oxidize regardless of the number of years we are considering.

3. Gold shortage. Gold reserves are limited. Statistics show that the world’s annual gold production is about 2,500 tons, and the value of gold worldwide is estimated at 9 trillion US dollars. It is better to buy gold now, rather than regret it in the years to come.

4. The symbol of the state. Without the stuffing of words, gold is very eye-catching and strongly affects human nature. In fact China and India are well known for their high value they attach to gold as their wealth store, so their wealth is expressed in the quantity and quality of gold you have owned.

In human nature there is a desire to belong to the highest investor / social / political class, so the value of gold that you own in a society will determine whether you belong to this showy class of elites.

5. Counterparty risks. Gold is completely excluded from counterparty risk. The said term means that you believe in the ability of the other party to enter into a transaction / contract within a specified period. Examples of buying stocks, employers and employees explain better.

You buy stocks in the capital market in anticipation of dividends, price increases and cash next year. It is possible that the stock market may collapse before your target date or if the employee works for an employer. It is expected that upon retirement the employer will pay an unpaid pension and a pension, but the employer can retire before retirement. All of these scenarios can’t happen to gold because you have it tangible and you can easily convert it to cash to improve your lots.

6. Substitute insurance policy. The purpose of an insurance policy is to put you in the same financial position that you like to lose. Gold can also play the same role if you have it. During national crises (wars) similar to Africa – Liberia and Rwanda, 1 kg of gold can bring back human convenience.

7. Bull market (gold). If you read any guide or recommendation on products or safety, the disclaimer is usually the beginning of such content, and the summary is that “past performance is not a guarantee of a future outcome”. Thus, gold is freed from this pattern well from the beginning of the new millennium; gold was in the bull with double-digit profits.

8. Anchor against deflation. Undoubtedly, the open secret that the economic recession is now a global phenomenon, the ever-increasing indebtedness of states (the US and the UK, for example) could potentially lead to deflation with catastrophic economic consequences. The consequence is that the value of the assets will be reduced, but gold has stability and works better when the value is maintained regardless of economic problems.

9. Geopolitical risks. Wars, terrorism (the United States – the unforgettable 911), natural disasters and other allied dangers characterize the world community today. For example, during the war the main problem – security and human survival, of course, will be economic paralysis and recession. Fixed assets; real estate, financial instruments, other properties and cash currency will be almost useless in value. At this time, gold provides peace of mind, and the price remains constant.

10. Shop cost. Historically, gold has thousands of years of reserve records as the best storehouse of value. Regardless of economic and global situations (technological change, trends, development, etc.), gold has a feature of acceptability and value for money. Therefore, for the security of your investment, retirement and transfer of your assets to the next generation, gold is the best choice.

11. Gold is money. History tells us that the first gold coins were minted and put into circulation by 550 BC. E .; gold was the longest and most durable form of money. In fact, until tomorrow’s sun rises, gold remains a form of money back.

Given these green lights, the seam saves time. Please click on the link below to start your investment in gold or 401K.

Gold investment in Bangkok

For hundreds of years, gold in Thailand has been used for jewelry, utensils and religious amulets. In ancient times statues in many Buddhist temples were made of thick layers of gold. Wealthy nobles and merchants wore jewelry made of bracelets, chains and rings.

When Bangkok was built over 200 years ago, gold was more popular than ever. As the population grew and Bangkok flourished, small traders, mostly of Chinese descent, purchased chains or bracelets with any spare money to prevent bad times. If conditions became more difficult, they would exchange valuable chains for cash to continue the business. People who emigrated from the chaos to other parts of relatively peaceful Bangkok knew firsthand that a bar, not paper, was a real treasure.

Early precious metal traders in Bangkok were concentrated in Bangkok’s Yaovarat district, as well as the Silam area near the Chaofrai River. After visiting these two areas, you will still see several old two-story buildings, where the shops on the ground floor are painted bright red, lined with glass cabinets filled with yellow metal chains of all sizes. They also wear rings, bracelets, talismans and pins.

More well-known stores also carry ingots of various sizes – from half an ounce to kilogram pieces. Created stores are trustworthy. Tang To Kung and Hua Seng Heng are the two main yellow metal traders in Bangkok. These two giants have branches all over Bangkok and other provinces.

Today, these traders are really metal traders and brokers. They sell gold in jewelry format and in bars. They will also redeem them from their customers in both formats. If they buy from you, the transaction fee is small, at current prices about a hundred baht per half ounce. Half an ounce of yellow metal in Bangkok today is about twelve thousand five hundred baht. Thus, the transaction fee of one hundred baht is quite small if you trade ingots for cash.

For foreigners in Thailand one of the confusing aspects of the Thai bar is the measurement system. The weight unit of Thai gold is called the baht. One baht is about half an ounce or 15.16 grams. Even more confusing, the Thai paper currency is also called the baht. Thus one baht is about twelve thousand five hundred baht. This sounds confusing, but nonetheless true.

Gold in Bangkok has a high level, although slightly less than the standard international level of investment. The net ingot is 96.5%. On the contrary, Swiss ingots are 99.99% pure. Jewelry such as a wristwatch may be less clean to increase strength.

The price of the bar is set daily by the Thai Gold Traders Association. Almost all legal transactions are carried out in cash. You walk into a metal store, tell them how many baht a yellow piece you want, and pay in cash. By the way, most metal stores also accept credit cards.

With all the uncertainty in international markets, it may not be a bad idea to hide a few bars for a rainy day. It has stood the test of time as a stock of value. It will continue to be popular in Bangkok for a long time to come.

The composition of the Saddle Ridge and California Gold Rush

In 2013, a couple living in California walked a dog on a trail within their property until her husband noticed a rusty metal can bursting from the ground. He dug a can out of the ground. When he picked it up, he found it extremely heavy. They soon learned why when the lid opened and revealed a gold coin. The couple was delighted and impatiently dragged the can to their house. Examining the canister, they pulled out many more gold coins. They quickly returned to the site and dug through the area to find more cans. To their surprise, they unearthed seven other containers of various sizes filled with more gold coins. The entire stock was 1,427 gold coins. Most of them were Double Eagle for $ 20. The price of gold at $ 10 and $ 5 was much less. The face value of the treasure was approximately $ 28,000.

So why were these precious coins buried there? Two theories are revealed. First, people who do not trust banks often keep money in a hidden place, such as a mattress or an underground backyard. But they die before they get the money saved, and someone else stumbles upon them years later. Second, thugs who steal money persecuted by the authorities bury their booty until they return to get it, but never get to it.

According to an article on the Mashable website, The insane true story of the gold coin of the Sedlovsky ridge, author Lance Uhlanov and other website staff found plausible information about where the treasury came from. In a copy of August 10, 1901. Bulletin of the American Metallurgical Association, The face value of the $ 30,000 gold coins was stolen from the San Francisco Mint and was never returned. Further investigation revealed that an employee of Walter Dimik, who worked at the Mint between 1898 and 1901, was charged with stealing $ 30,000 in 20 gold coins. Dimik was caught, but the money was never returned. Interestingly, the treasure gave almost as much; if the stolen $ 30,000 turned out to be a treasure worth $ 28,000, what happened to $ 2,000? Perhaps the thief took him with him.

Although many believe that the treasure was hidden after the theft of coins, another theory suggests that the treasure may have been hidden by a specific secret Confederate society known as Knights of the Golden Circle who hid gold coins in many states to fund the Second Civil War. This theory is plausible, but little is known about these knights. There are few stories about them.

California gold rush began in the first months of 1848. James Wilson Marshall, a sawmill operator, discovered gold nuggets while building a water-powered sawmill along a river in the northern part of the state. It was soon reported that the man had found gold in Sacramento, California. The rest of the world read about the news. In eight months, thousands of Americans left their homes and moved to California to look for gold. In 1849, more than 100,000 people moved to California and became gold miners. They were widely known as “forty-nine.” By 1855, more than 600,000 people from around the world had made their home in California to hunt for gold. So far, miners and prospectors have discovered billions of dollars in gold. There is little room for doubt that the Coin Ridge coins were minted along with the gold collected by the Gold Rush miners. Thus, it is not surprising that the Saddle Ridge treasure was found in California in the “golden country” and that most of the coins were minted between 1847 and 1894 at the San Francisco Mint.

The discovery of the Saddle Ridge treasury is intertwined with the California Gold Rush. Had the miners not come to California and worked diligently to find so much gold, the Saddle Ridge treasure would never have existed. These gold coins reflect the success of a large amount of discovered gold from 1849 to 1855. A few months after the discovery of the treasure, the couple allowed the reputable coin to manage and sell most of the gold coins. In 2014, they were sold at auction for more than $ 10 million. This shows that still after so many years gold rush still continues to affect people’s wealth.

Can you mine bitcoin on your smartphone?

Let’s take a look at the bitcoin price index from July 2012 to September 2020 for a better understanding of this digital currency –

Users who traded bitcoins have used many Android apps that are also used to store bitcoins. Several apps are available, and you can download the best bitcoin app from either Google or the Google Play store.

With the ever-increasing and declining prices of bitcoin in India, bitcoin is going to either stay at its current price or go down. In addition, bitcoin mining has gained an advantage over everything else, and there are several smartphone apps for bitcoin mining. If you are not interested in mining, you can purchase bitcoin using a bitcoin exchange in India, such as WazirX.

Is it possible to extract bitcoin using a mobile?

Yes, bitcoin mining is possible; but there are several reasons not to go any further. In addition, there are few cryptocurrencies that do not require confirmation mechanisms that can initially be extracted on a smartphone.

Because we know that modern smartphones are very powerful and can be used to mine cryptocurrencies. But when we compare the tools used by miners to mine bitcoins, they are very powerful and perfect, and mining on smartphones means they are less attractive in terms of reward.

The user can mine bitcoin on the smartphone on a smaller scale, or the user can join a mobile mining farm or mining pool. If Miner Networks share their rewards, you get a small percentage depending on your computing power.

How can you extract using smartphones?

You can use your smartphone for mobile bitcoin mining using Android as it is a handy mining OS for mobile devices. As the rate of BTC in India fluctuates, the market is developing more and more Android applications that allow you to directly extract bitcoin from a smartphone. These apps may not be found in the Google Play store depending on the situation.

Applications that can be used to mine bitcoins via a smartphone

If you are still focused on mining bitcoins via your mobile phone, the only requirement is you need an app for mining and a charger to wait. Below are some apps that you can use to mine bitcoins via smartphones.

  • MinerGate
  • This is a mobile app for Miner that will help you mine bitcoin and altcoin. Some include Dash and other altcoins. In addition, MinerGate offers the best built-in wallet where you can store your bitcoins and other cryptocurrencies.

  • Bitcoin miner
  • This is one of the most popular apps that is currently available on most devices. It offers a user-friendly interface and you can find reviews of its performance good. The Miner Bitcoin app supports multiple altcoins.

  • A. A. Miner
  • This application supports several cryptocurrencies which include Bitcoin, Litecoin, Dash, DigitalNote and many more. This app is mainly used for cryptocurrency mining for Android.

    Final thoughts

    Although mining via mobile devices is of no use, it is not a complicated process. The only requirement – you need a smartphone and download the best mining app. When using a smartphone the app runs in the background; and these programs interfere with your smartphone. It is easy to say that mining smartphones is one of the easiest ways to make money, but it is not like using specialized equipment through computers.

    The monetary system, why money is not stable and why you should buy silver

    To explain the monetary system, one should look at how money is born. In almost every country on Earth, one way to generate new money is with the central bank. If the bank feels that increasing the money supply will help us, it can just make more money. It’s that simple. It doesn’t even need to be printed as currency to be born. The next step is commercial banks. These are the banks that you and I use to pay checks and deposit money. All the central bank needs to do is buy some things from these banks using the money they have just made, and now commercial banks have more money.

    There is another way to give birth to money. It involves commercial banks. If I go to the bank and deposit $ 500, the bank says “fantastic,” we’ll keep that money for you, and anytime you want, you can withdraw or spend that $ 500. The fact is that legally banks need to reserve only part of the money they are given. This is known as fractional reserve banking. This means that if someone else comes, say, Bob, and he wants to lend money to, say, $ 300, the bank can lend him $ 300. And now, if he wants, he can spend that $ 300. But here’s the thing: Bob can spend $ 300, and I’m $ 500 for $ 800, even though the pot is only $ 500. By the way, you can act as a central bank and independently control the money supply. This is illegal, but you can technically increase the money supply by counterfeiting and reduce the weight by taking away money. For example, burning.

    When you burn your own money, you get poorer, but as you reduce the money supply, the power of everyone else’s money increases and they become a little richer. Of course, given the amount of money you could get your hands on and burn, your effect will be completely invisible. In a world where nothing was stable and survival was a challenge, food, clean water, antibiotics and machines of such things would be our economy. If what you use as money has intrinsic value, it is in itself useful, it is known as commodity money. It can also include precious metals such as gold and silver, the rarity of which forces other people to accept goods and services. Now that you can safely store all your goods in one place and you don’t need to protect them or haul them everywhere, representative money often makes more sense. Keep your valuables in a safe place, such as a bank, and take a piece of paper in them, saying “yes, I have these things.” Now you can walk around with simple papers and use them to buy the right things. We are now closer to what we call money today. I say closer because almost all the money we know today represents no real useful commodity anywhere on Earth. This note does not reflect how much food or water, or gold, or spices or video games I have stored in the jar, it’s just money. It’s called a Fiat