Simply about Bitcoin and blockchain PART-1

People have been always experiencing the need in something during the whole history. Those who lived in the prairies were short of flints for the weapons; those who lived in the mountains had flints in abundance, but were short of the game; finally, amber or still magnificent colorful shells were the only resources of people from the coastal tribes.

Everything has changed when a human first guessed to start exchanging the goods. What will happen if people from the coastal tribe start exchanging amber to the meat with the prairie tribe, especially if there is a lot of it? That was a good idea because even after the exchange people from the prairies would still have enough game. Furthermore, prairies’ women would accept the amber jewelry with a great pleasure! That was exactly what people considered. At the same time, mountains’ people started giving some flints to prairies’ people in exchange for a game, which was little in the mountains. That is how and when the trade appeared.

to be continued ...........

Then, prairies’ habitats have further guessed to visit tribe owning the flints to offer amber in exchange for flints to have them in store. Altogether, people living in the forests were even more practical. They had plenty of skins, but little of flints and food. One day, forests’ people found out that the fishermen had too little of the skins. Nevertheless, the fishermen could not still get the skins for amber because the prairies’ people used all the amount of skins to build the houses and make clothes. So, the forests’ habitats decided to visit the fishermen to trade the skins for amber and buy some meat from the prairies’ habitats, and flint from mountains’ ones. That is how amber became a trading instrument, and money equivalent, respectively.

Different nations used amber, copper ware, salt, cattle, and so forth including the compressed tea leaves in a form of little blocks as a kind of money equivalents. Later, people started to experience gold and silver money due to their usability. Nevertheless, gold is not a salt, and it values a lot. Thus, one man’s property could be easily put in a robber’s pocket. The wealthy people thought to keep their fortunes safely. The rich merchants and priests offering the prayers to the ancient Gods provided secured warehouses and uncorrupted guardians to keep the rich men’s money for a price, surely. That is how the first banks appeared. Soon, the bankers considered marketing better the gold to get a profit. They lent money at interest to successfully cover the money storage, and pay the contributors to encourage them depositing more.

to be continued ...........