The blockchain technological innovation underpinning cryptocurrency, has huge implications for people management forces of the state. To truly realize these effects, you must first understand the complex relations between the state and money, the role of the state in the formation of cash and using money from the government as a management tool. Money is not just a unit of account, preservation of value and medium of exchange, is a state institution who needs to organize, promote and control the people in the state. States have begun to adopt the rules of the financial system in 4th Millennium BC. In Ancient Egypt gold bar installed mass was determined by political authority and was the standard for measuring value is the highest measure of value. The same thing happened in Mesopotamia with silver.
Now the price of the cryptocurrency is absolutely unreal. However, for the money. A bar of gold. Disk of iron. A chain of beads. Card of plastic. Cotton roll. These things are useless. You can't eat, drink, and shelter them. But they have value. And their value stems from the simplest things. People believe that it is money, and so be it. If you count every currency confusion on the terms of consensus, bitcoin, the digital cryptocurrency, is more like "consensual hallucination in a psychedelic drugs," says the Wall Street Journal. The concept of the bitcoin was born in a detailed document, published in late 2008 by a person with the pseudonym Satoshi Nakamoto. By 2013, one bitcoin was worth $ 12. Today more than 10 000 dollars. Its price has doubled over the past two months. If the Japanese yen or the U.S. dollar pulled something like this, the economy of these countries flew in to a hell of a deflationary spiral.