CryptocurrencyBitcoin Ends The Financial Dark Ages

Bitcoin Ends The Financial Dark Ages



During the Middle Ages, a group of men tried to turn base metals into gold; they were known as alchemists and they did not succeed in their endeavors. We’re fortunate that they didn’t. Why? Consider the alternative.

Had the alchemists found a way to transmute base metals such as lead into the monetary unit of the time, a race would have kicked off. A race to find as many metals as possible to turn into gold.

The first users of this newly created gold would have enjoyed tremendous wealth, but as it circulated throughout the economy — a much smaller sphere of opportunity in the Middle Ages — calamity would have ensued.



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