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What is Money?
Common Cents

What is Money?

What does the US dollar and bitcoin have in common? (15min read)

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Julianne Brands
Feb 01, 2021
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Julianne's Newsletter
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What is Money?
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TL;DR

  1. Money is a tool we use to do three main tasks in our society:

    1. Account for things

    2. Store value

    3. Exchange between things

  2. There are different types of money, like the US Dollar and Bitcoin, that work differently but fundamentally provide the same key services for consumers and economies.

  3. Some money works better than others. The more people, businesses, and i…

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