I want to take a moment and talk about money.What is money exactly? At its core, money represents value.If I do some work for you, you give me money in exchange for the value I gave you. I can then use that money to get something of value from someone else in the future.Throughout history, value has taken many forms and people used a lot of different materials to represent money.Salt, wheat, shells and of course gold have all been used as a medium of exchange. However, in order for something  to represent value people have to trust that it is indeed valuable and will stay valuable long enough for them to redeem that value in the future. Up until a hundred years ago or so we always trusted in someTHING to represent money. However something happened along the way and we’ve changed our trust model from trusting someTHING  to trusting in someONE. Let me explain.Over time, people found it  too hevay and difficult to carry to walk around the world carrying bars of gold  or other forms of money, so paper money was invented. Here’s how it worked: A bank or government would offer to take possession of your bar of gold;  let’s say worth $1000, and in return, that bank would give you receipt certificates,  which we call bills,  amounting to $1000. Not only were these pieces of paper  much easier to carry, --- Send in a voice message: https://anchor.fm/yours-cube/message Hosted on Acast. See acast.com/privacy for more information.