“Historically, money was created from things that were hard to produce, easy to verify, and easy to transport, such as seashells, glass beads, silver, and gold. Any time something was used as money, there was a temptation to create more of it. If someone came along with superior technology for quickly creating lots of something, that
thing lost value.”
-Yan Pritzker
“Inventing Bitcoin” THE TECHNOLOGY BEHIND THE FIRST TRULY
SCARCE AND DECENTRALIZED MONEY EXPLAINED