How the Economy evolved and Got to Crypto
YouTube Channel – How the Economy evolved and Got to Crypto
How the Economy evolved and Got to Crypto-2
— Yannis Divramis
ATHENS, GREECE, November 21, 2022 /EINPresswire.com/ — The way how the economy evolved and got the crypto market is exciting, but it has many peculiarities compared to traditional markets. The recent decline in crypto prices has proven that it is foolish to be active in this space without having basic knowledge. Even more stupid than buying stocks without knowledge of the subject. And of course, it is not for everyone, as it has been clarified many times in Kryptohodlers.
Before the economy became complex with money and financial institutions, there was the concept of exchange. The problem in the barter society was that it was not easy to determine how many eggs cost to paint a house, how many eggs cost 1 kg of meat, and how many eggs cost 1 liter of oil for example.
This problem was solved by the common exchange unit. That is, each service or product had a corresponding value in a common transaction unit trusted by society. In the beginning, the common unit of exchange was precious metals and mainly gold. Gold had some very good characteristics:
• It…
