Topic: Evolution of currencies - page 2. (Read 647 times)
A long time ago, The human if needs somethimg, he can exchange his goods with the other goods that he wants. Then the times change, where someone can exchange gold with goods. Then the times change, where the humans can exchange goods with money, etc. The Change must be happen. I am sure that someday, Evolution of currencies will happen. It can be that The human will exchange the goods with crypto currency like bitcoin. And it happened in some countries. It will can be accepted in the world, sooner or later.
I got curious when I read the title of this thread I really wanted to know the evolution of money/currency but when I read the post I'm so disappointed. I'm expecting some interesting facts about its origin from bartering goods to now digital age like the evolution of man from homo sapien to the modern age man something like that.
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Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
* It was poor energy.
How could you come up with the idea that gold possible to modify will turn to poor energy? What kind of energy are you referring to? Aside from being a precious metallic element used to make pieces of jewelry, gold is a good conductor of heat and electricity - a kind of energy. The qualities of gold make it the top choice in various industries.
I think OP is missing the whole point of a monetary system. The point is to facilitate transactions, making sure they are easy to perform but still very secure so that you can't be ripped of. That's the reason gold got popular, and then fiat got even more popular, because it was much easier to carry around than gold, and banks got in the middle of it to make sure everything is secure.
With bitcoin, we actually get the scarcity of gold back to our lives, and we get easier and even more secure transaction than fiat, and we don't even need a middle man to make that happen for us.
So from this point of view, I would say evolution is playing it's role nicely.
Good point, with how bitcoin was created it will evolves and give the currency system to another level, the intentions of being decentralized and not even been controlled by the government is one of its features, bitcoin f being adopted will be a good lift for most developing countries it just not been fully understood that's why its not yet been supported by most countries all over the world, just needed to help this chain being promoted and give positive feedback so people will gather interest using it and let the government recognize its uses. With bitcoin, we actually get the scarcity of gold back to our lives, and we get easier and even more secure transaction than fiat, and we don't even need a middle man to make that happen for us.
So from this point of view, I would say evolution is playing it's role nicely.
Currency is only a means of exchange
Actually currency represent wealth. It's hard to imagine without it, currency evolved from barter, to bartering with set medium of exchange. This trend seem set to continue and it is not unreasonable to assume that eventually physical money will be replaced entirely with electronic currency.
it just makes sense that we're not utilizing the used energy anymore as money, why was it good? We can easily have systems representing the value of goods separately from energy storage...
I think OP is missing the whole point of a monetary system. The point is to facilitate transactions, making sure they are easy to perform but still very secure so that you can't be ripped of. That's the reason gold got popular, and then fiat got even more popular, because it was much easier to carry around than gold, and banks got in the middle of it to make sure everything is secure.
With bitcoin, we actually get the scarcity of gold back to our lives, and we get easier and even more secure transaction than fiat, and we don't even need a middle man to make that happen for us.
So from this point of view, I would say evolution is playing it's role nicely.
With bitcoin, we actually get the scarcity of gold back to our lives, and we get easier and even more secure transaction than fiat, and we don't even need a middle man to make that happen for us.
So from this point of view, I would say evolution is playing it's role nicely.
Now in this world everything changing so fast. In this last century we saw many evolution in every sectors of our life. So in currency's many changes comes. Now we know about the digital currencies. Cryptocurrency not only changed the look of currency but also made it more profitable. We don't need to keep it in home or bank locker now. It is now all about multimedia.
First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
From where you think bitcoin is the destruction of energy ? Its a digital currency and there's nothing required to start with it. Its not destroying the economy. Its a powerful currency which help us to improve our life. i am student and bitcoin always helps me to pay my dues, Internet bill, Food and everything that required to live in hostel. Do you think its destruction of energy?
You're totally wrong that its a energy and help people for self destruction
Currency is only a means of exchange
Actually currency represent wealth. It's hard to imagine without it, currency evolved from barter, to bartering with set medium of exchange. This trend seem set to continue and it is not unreasonable to assume that eventually physical money will be replaced entirely with electronic currency.
First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
From where you think bitcoin is the destruction of energy ? Its a digital currency and there's nothing required to start with it. Its not destroying the economy. Its a powerful currency which help us to improve our life. i am student and bitcoin always helps me to pay my dues, Internet bill, Food and everything that required to live in hostel. Do you think its destruction of energy?
You're totally wrong that its a energy and help people for self destruction
First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
Earlier the mode of buying and selling of goods was barter system where they have to exchange goods in exchange of goods then comes the taking gold in exchange of goods , it was a kind of investment also that one you take gold in exchange of your goods , you could save it for future use till the valuation of gold increases then you can earn the profit also in this mode of payment but as the time passes, the payment system becomes very convenient and easy and now people take money or currency for buying or selling things , this is the best method I guess but there is no flow of energy in this method * It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
Currency is only a means of exchange
In my opinion, the historical revolution called bitcoin has changed the concept and definition of currency in the world. Indeed, in terms of digital money, bitcoin and crypto are bringing the ability to promote global growth in new currency with more advanced features. Decentralization and peer. It may be too early to assert a stable and sustainable foundation of the blockchain industry relative to its value and there are many challenges that need to be overcome and balanced. But I believe, the birth of bitcoin is bringing about great changes in the nature of people and their lives.
Destruction is not the right word but consumed. It just like oil that is needed to run a car. Coal power plants and electricity are the main source energy to run mining rigs which is just normal for people to use because it is our resources.
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Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters.
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Barter system is good, but what somebody does not produce anything - he wold die, I guess.
First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.
* It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters. * It was energy.
Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.
* It was poor energy.
Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.
* It was very poor energy.
Now, we wants to use Cryptocurrencies. You can't do anything with it.
* It is not energy but proof of destruction of energy.
Something looks wrong. We should exchange potential energy, not destroyed energy.
If we look closer to cerrency history we can see that people were using shells)) so from shell to virtual money - that's impressive!
The evolution of bitcoin currencies, in contrast to human evolution whose legitimacy is still debated, is profoundly transformed. Starting with the exchange of goods or barter to get the desired goods, the currency will never be the same again as the development of civilization. The most ancient transactions known to man have a diverse currency, ie any goods are exchanged. These goods can be referred to as money because they meet the criteria of the function of money as a medium of exchange, if we have a handful of wheat then we can exchange it with, for example, rice. The second, these items fulfill the function of unit of account or unit of calculation , the amount of wheat we have can be exchanged willingly willingly with a certain amount of rice, the rice we get is equivalent to the amount of grain we give. Third, fulfill the function of store of value or wealth hoarder; the more wheat we can exchange with more rice now or later.
Yes quite an interesting idea. My personal opinion is that Yes, the bitcoin will evolve. Because now the 21st century is the age of technology and I think soon the whole world will come to a new level.
Great evolution, I would say
yes, and this evolution is supported by human nature that is never satisfied, bored, and even saturated. then making humans have the power to create new innovations, such as currency.
I think that bitcoin is not the end of currency evolution. and I believe that in the future there will also emerge new currency systems, and even become bitcoin rivals.
today we have not thought deeper.
I think that bitcoin is not the end of currency evolution. and I believe that in the future there will also emerge new currency systems, and even become bitcoin rivals.
today we have not thought deeper.
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