#Bitcoin2014 - History of Money & Lessons for Digital Currencies Today

Bitcoin 2014's The Digital Economy's Panel: History of Money & Lessons for Digital Currencies Today took place on Saturday, May 17, 2014 at the Passenger Terminal Amsterdam (PTA) Backstage Area from 12:00pm-1:00pm.

Mankind has used money for more than 2,500 years. Realizing the limitations of a simple barter economy and the constant requirement of a coincidence of wants that it brings, cultures across the world used forms of money as a medium of exchange and a store of value. Beginning with commodities such as grain and cattle, gold and silver emerged as the most common form of money throughout history. This form of money was apolitical, with a limited and practically inelastic supply. Over the last 1,000 years, governments have experimented with paper money systems over which they have complete control. Since 1971, and for the first time in history, the entire world has adopted a paper money system - unbacked by any commodity and with a completely elastic supply.

Bitcoin has emerged as a new challenger to the current status quo of government-controlled paper money. With its decentralized, peer-to-peer payment system - independent of any central control - this digital currency has the potential to revolutionize how the public use money in the 21st Century. This panel asks what lessons Bitcoin and other digital currencies can learn from the history of money so far, and what are its prospects for adoption worldwide in the years ahead.

Moderator:
Ludwig Siegele (Online Business and Finance Editor, The Economist)

Speakers:
Simon Lelieveldt (Regulatory Consultant, SL Consultancy)
Erik Voorhees (Co-Founder, Coinapult)
Konrad Graf (Author & Investment Research Translator)
Tuur Demeester (Founder, Adamant Research)