As bartering became more and more of a hassle, people started using money in their transactions. They still do that. Historically, there were three types of “real” money: -commodity money – e.g. seeds, cattle, gold coins -commodity-backed money – e.g. gold certificates -fiat money (or trust-backed money) – e.g. the dollar, the euro and any…… Continue reading Are virtual currencies the coins of the future?