Money discussion question

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, https://www.forbes.com/sites/alejandrochafuen/2018/08/22/moralists-and-money-from-gold-to-bitcoin/#682eb9c016af and respond to the following components:

Define money and describe its functions.
Is money a root of all evil? Why or why not?
How are paper money (fiat) and commodity money different? How can paper money be validly used as money?
Are credit cards money? Why or why not?
Are cryptocurrencies such as Bitcoin, Ethereun, Ripple, Litecoin, Monero, money? Why or why not? Discuss thoroughly.

Your initial post should be a minimum of 300 words.

Solution Preview

Define money and describe its functions.

It is something that is generally accepted as a medium of exchange, a measure of value or a means of making payment.

Money, as the definition states has three functions: serves as a medium of exchange, a measure of value and as a means of making payments and in addition it is a unit of account

Is money a root of all evil? Why or why not?

Money is not the root of all evil. But the love of money is the root of all evil. If money is subjected to its rightful uses, in no way is it evil.

(614 words)