$BTC Since the beginning of humanity, almost 4 billion years ago, people felt the need to assign value to their possessions. Over time, this need led to the creation of the concept of barter. Thus, people made transactions long before money existed. They made exchanges with individuals they trusted. What followed?

This gave rise to the desire to create a standard to which the entire community could relate, which led to the creation of the concept of 'goods for exchange' about 4000 years ago. The first officially known coin was created by King Alyattes of Lydia, now part of Turkey, in 600 BC. Coins then evolved into banknotes around the year 1661 AD, marking the transition from stone to metal to paper. Paper beats rock so it seems!