On the example of Bitcoin, you can study the most popular asto, you can hear that Bitcoin is not provided with anything and is valuable only as a means of payment (lack of intrinsic value). In the 19-20 centuries it was believed that money should be the most liquid commodity. However, modern research and economic theory suggests that money never possessed intrinsic value. In primitive times, money served as a way to remember who owes someone.

A person who loaned a piece of mammoth to another person received from him a rather rare element in their area (shell, stone, etc.) - as a sign that he owes him a piece of meat. Different tribes used different money - but they always had the following properties - and the development of money went exactly on the way to improve these properties. In other words, what possesses these properties can be used as money. What possesses the best of these properties becomes reference money.

It is clear that the oldest forms of money possessed a minimum of these properties. The shell cannot be divided; it may deteriorate. The stone is hard to bear and has a low value. Raccoon skins are also hard to bear and there are big problems with durability. It is known that in almost all countries, valuable metals soon became money. First of all, gold. It possessed almost perfect properties and until the beginning of the 20th century it was difficult to compete with it.

Nevertheless, at the turn of the century paper money began to supplant gold from the calculation - it is easier to transport, it has easier recognition (to distinguish gold from an alloy of copper and zinc is quite difficult). There are dozens of ways to fake gold. In domestic conditions, to distinguish a real dollar from a fake one is much easier than fake gold from the real one.

At first, all currencies were pegged to the dollar (gold standard) and were just a way to improve the properties of gold. In 1971, currencies (the dollar above all) became a fiat currency - now its value is determined only by trust and has been untied from gold.

The evolution of money did not stop there - the development of electronic systems has made electronic currencies possible - numbers on the screens of your computers. They have excellent transportability, divisibility, recognition and durability. No one thought what could be better.

However, in 2010, currencies were proposed that brought these properties to a new level. Cryptocurrencies have even better properties than the dollar - combining the best properties of the dollar and gold and at the moment are the standard of money.

At the moment, there is a rapid development of cryptocurrencies, which are primarily aimed at improving the mentioned characteristics.