I’m reading book about history of money.
First, they our ancestors were exchanging things to things between their community. But it was very hard to transport, and some are not be able to be kept longer. So they started to use shell. It was the beginning of money.
Then, after they used shell, change to gold. They they invented money, coin and paper money.
However, does paper have value…?
Surely no. the money is just wrote 20 pesos, 100 pesos and so on.
Because the bank guarantees the paper has a value what is wrote on the paper.
Only that.
So we can use these money anywhere based on these trusts.
…
We are using money. How do we use money? to buy something, of course.
Do you want to buy some you cannot trust? Of course no.
How do we build the trusts?
Information
company brand.
There are many reason to form trusts.
So If you can build big trusts, chances coming money to you will increase.
I thought it is the really principal for business.
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