Summary of Paul Vigna and Michael J. Casey's The Age of Cryptocurrency

Excerpt From Summary of Paul Vigna and Michael J. Casey's The Age of Cryptocurrency



#1



Money is a system of exchange that has been adopted by society to efficiently measure and value goods and services. It has also been used to measure and value human lives.



#2



When people don’t have faith in a country’s currency, they will often sell that currency in favor of something they believe is more trustworthy, such as the U. S. dollar, gold, or another currency. This is why many countries have suffered from hyperinflation.