Journal of My Journey

  BITCOIN— a familiar name nowadays getting in the spotlight more and more with each passing year. If you have heard of it before, you know this much that bitcoin is a digital currency. But how does a digital currency work? Or what is the use of it when we already have digital banking? In today's blog I'm going to explain the basics in the simplest term possible.  First things first— we need to know how currency works to understand how it can be so much in an abstract form i.e. digital form. Let's look at the history of transaction.  At the beginning of civilization, people would exchange goods for goods in return and thus obtain what was necessary for them. This system had its limitations, so later in the history people  moved onto using metal coins (gold, silver) to buy stuffs. Since these materials are precious to people's standard and can't be obtained easily, they worked well as currency. However, carrying a good amount of coins everywhere was troublesome and s

For a while, I've been trying to learn about stock market, why it crashes, inflation and stuffs. I would choose one such topic to study about but every time I would feel like- "there's something I don't quite understand but I don't know what it is". However, YouTube algorithm was quick enough to understand what it was since it recommended me this video one day. Turns out I needed to know how the economic system works in general.                       Let me take a moment to appreciate this video. Not only does the narrator explain well but the awesome animation makes it fun and easy to understand as well. Gives basic knowledge of how the conventional economic system works. I found this video really useful cuz the overall picture of the economy itself gave answer to some of my previously inquired questions. Also made me realize- having knowledge about economy helps to understand history better too. Today's post can be considered as a summary or a guide to g