The Three Horsemen: An Analysis of Society’s appraisal of Value, Money and Crypto Currency | The Guardian Nigeria News

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Cryptocurrency

Introduction
“Nowadays people know the price of everything and the value of nothing” – Oscar Wilde. The famous poet and playwright in the book ‘The Picture of Dorian Gray’ made this statement whilst critiquing the consumerism of the Victorian society in the 1800s. Oscar Wilde’s observation, if examined in the context of the society today, is critical to understanding one of the core issues facing the world today – the issue of determining the value of commodities and services.  From the stock market to the job market, the quintessential element exchanged and sought after by individuals is value. Each person desires to optimize the value of their time and resources and is constantly appraising their worth and the means of the evaluation has developed in stages over time. Society has adopted barter system, the use of minerals such as gold and the use of formal bank notes to ascertain value. Overtime some of these means to calibrate a price for goods…



Source: Guardian Newspaper