If our credit system is already ones and zeros, but unreliable and confusing ones and zeros after years of tinkering and trouble, why not design a new currency that will offer all the benefits but none of the “baggage” that credit systems impose on us today. And perhaps the desire for change was born from the economic crises that have affected much of the world – such as Cyprus or Greece – as well as a growing distrust of government agencies in maintaining a currency stable. Or it could simply be that there is a small chance that the newly discovered currencies will actually be popular and gain popularity on a large scale. And even though it's just a knee-jerk reaction to the economic crisis we're facing, Bitcoins and unusual hats seem to be working and seem to solve many of the problems facing mainstream currencies today. What is money? To understand if Bitcoin and unusual hats change the future of currency. We must first examine what money is, because only when we understand what money is and how it works can we determine their effectiveness as future forms of money. Money can be simply described as any widely accepted medium of exchange between people; which facilitate the payment of goods and services as well as the repayment of debt (CGPGrey, 2011). But ultimately, all forms of money fall into two main categories: items of intrinsic value and widely accepted forms of tokens exchangeable between people. These tokens are representative of another commodity that we all possess, but cannot exchange between people: time. . For every good or service available, we have two options for their means of earning. We can either invest our own time in the production and development of a good or service, or...... middle of paper ......ge, Bitcoins would be "minted" so quickly that they would begin to lose their value and would no longer be effective as a form of money. Hyperinflation within the Bitcoin economy This problem of printing so much money so quickly, causing it to lose its value, is akin to economic problems that Zimbabwe faced, when it started printing so much money. the money they had to print 1,000,000 Zimbabwe dollar notes (pictured left). This led to hyperinflation, and as the Zimbabwe dollar webpage says: “At the height of inflation in Zimbabwe in November 2008, real prices doubled every 24 hours. A pencil, which might have cost a penny on November 1, would have cost $10.7 million by November 30” (Zimbabwe Dollars, 2011). Trust and stability are needed in the economy if Bitcoins are the future of money – something problems like hyperinflation will not induce..