Yesterday's session, led by Pacharo from npub1t4ljwhhg7zlxeahxwgmkwqmn4jjxxq8lzhyuzy0zvy23hq0sacxsdl9fvv and co-hosted by @FelixMukungu ,was a great introduction to Fiat Money and Who Controls It. We covered a brief history of the fiat system, detailing the formation of central banks, the Bretton Woods system, and the pivotal "Nixon shock" of 1971. We are happy to continue this important discussion next Tuesday, where we will build on these problems in traditional finance to introduce #Bitcoin as a solution, bringing us one step closer to the main introduction.
Evans, a core team & merchant #spedn sats on 'chapo ndondo' at Caleb Cafe , a new merchant . Let's welcome Caleb with some zap. zap merchant : calebcafe@blink.sv
We had a great session covering the History of Money! We discussed the evolution of moneyβ€”why older forms were left behind for newer ones that better met the needs of the market. It was important that @Felix emphasized that money does not originate from governments, but rather arises out of the market process. We focused on the 'Double Coincidence of Wants' problem during the barter system, which led to the discovery of commodity money. We are looking forward to talking more about the History of Money tonight!
Our core mission is to create Bitcoin awareness through education, content creation, and community building. We've seen great success with our main initiative, #BitcoinEducation, and we are also committed to building a strong #BitcoinCommunity through our second project, Bitcoin Githurai. Recently, following our Cohort 8 graduation (with the physical ceremony scheduled for #Bitcoin Unconference #004), we organized a small trip to Bitcoin Githurai. Some of the graduates joined The Core team, and the visit was a fantastic success. It was inspiring to see the energy of young people building with #Bitcoin. Notably, our entire core team consists of graduates of The Core, and their skills are already proving essential in the Bitcoin space. Want to see how the day went? Check out the recap below: Blog Recap by @StaceyBiko (Graduate The Core - Cohort 3 ): (Feel free to zap her using the zap button on our website!) https://thecore.africa/blogs/githurai-circular-economy Vlog Recap by @BTC_Creatives (Graduate The Core - Cohort 1 ) Zap The Videographer jaygallardo254@blink.sv Bitcoin For Everyone
Merchant, John #spedn sats on another merchant for a portrait, just the next shop to his , 'Niel Nails shop' . Merchant spending sats on other merchants is the new norm here in Toez Githurai zap merchant : Nielnails@blink.sv
We had a great final session for Chapter II: What is Money? tonight! We covered the essential properties of money, which include durability, portability, fungibility, acceptability, scarcity, and divisibility. We also discussed the different types of money and finished by looking at the psychology of money: scarcity, time preference, and opportunity cost. It is always a good experience to discuss this kind of content, as it sets up the perfect introduction to #Bitcoin. The session was successfully led by @Felix