"It's a wonderful evolution going on and it's not possible to stop it." We started with barter, gold and silver, paper money and plastic cards. And now we are on the threshold of a completely new era - the era of crypto currency.
Topic: Evolution of currencies - page 3. (Read 662 times)
I do not understand what you mean by energy, but I know the currency is used for trading tools in trade, if you mean the trade revolution from barter, paper money even now crypto money, it's just a journey of change that everyone hopes life is all better and easier, of course, it's a natural thing that flows with the advancement of the times and the way people think
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.
Currencies will always be currency. Although time could past by and differ its principles but in terms of its definition it wil probably be as is. As a lot of things could probably change knowing that change is the only one that is constant, paradox but true and somehow continuong to be what it is. This is why some definitions stated where just in addition to what was the usual things about currency that we do know.
of course, I believe that the evolution of electronic money more and better it changed the world, by the time the electronic money developed, modern and sophisticated technology, more and more users demand more more utility, in the payment transactions online so I think that in the future people will accept the electronic money.
The Chinese are credited with the introduction of a primitive bronze form of coins as a medium of exchange in 1,100 B.C. The first minted coins, however, were made in Lydia, which is western Turkey today. These coins were made from a naturally occurring gold and silver mixture called electrum, and had images that served as denominations.
The Chinese were once again the innovators as money went through the next stage in its evolutionary process. They began using folding money during the reign of the Tang dynasty — 618 A.D.-907 A.D. — in the form of privately issued bills of credit or exchange notes, according to Time.
Europeans, who began colonizing territories, were merrily using coins long after that, as they found it viable to mint coins using the precious metals acquired from their colonies.
See Also: Is Bitcoin A New Asset Class Or The Next Great Market Bubble?
The Chinese were once again the innovators as money went through the next stage in its evolutionary process. They began using folding money during the reign of the Tang dynasty — 618 A.D.-907 A.D. — in the form of privately issued bills of credit or exchange notes, according to Time.
Europeans, who began colonizing territories, were merrily using coins long after that, as they found it viable to mint coins using the precious metals acquired from their colonies.
See Also: Is Bitcoin A New Asset Class Or The Next Great Market Bubble?
Money isn't everything — but it's something we can't do without.
Has money existed in today's paper currency form since it came into use? No. It has gone through a long evolution since its inception. Before money came into existence, as early as 6000 B.C., Mesopotamian tribes bartered goods — meaning they were exchanged. You pay for eggs with a measure of grain, if you have a surplus of the latter.
Has money existed in today's paper currency form since it came into use? No. It has gone through a long evolution since its inception. Before money came into existence, as early as 6000 B.C., Mesopotamian tribes bartered goods — meaning they were exchanged. You pay for eggs with a measure of grain, if you have a surplus of the latter.
Cryptocurrency exists now as a means of exchange and a means of payment. Why burn it or eat it? With it, you can pay for any product or service. Its production does not require huge expenditures for gold mining or for the production of Fiat money. Cryptocurrency does not wear out and does not require additional funds for recovery.It is not tied to gold as well as the dollar. The dollar is tied to GDP.Perhaps this can be called the evolution of money. When compared with the fact that in ancient times a means of payment existed in the sheaves of hay.
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.
I dont understand your discussion.
but in human civilization there will of course be many developments and revolutions to create all new things. therefore, whatever you say the facts will not change anything that has happened to this world especially in the crypto industry. now you are using the internet for everything you want and crypto is part of the invention of digital technology.
Paper bills and metal coins are also energy absorbing and not environment friendly, you need raw materials like paper, cotton, ink, gold, silver. Then you have to produce and transport. Gold mining is very hard and not environment friendly, nowadays the whole rain forest in South America is destructed because gold digging.
So, it's not just mining cryptocurrencies that is energy absorbing.
So, it's not just mining cryptocurrencies that is energy absorbing.
the more advanced and modern Human development then it takes a faster and more efficient transactions and the business world because that's the transaction of money and goods more quickly.
Barter
the first financial system is to barter, ie trade goods or services for other goods or services. For example a farmer needs clothing, he can exchange rice that he has with clothes.
Fractional reserve receipt money
Over time the Bank's safe became full of commodities. The swords are more comfortable in claiming, and rarely use their silver gold commodities stored in the Bank. Then came the idea to make a claim check (money receipt) which then loaned. When someone needs a loan, the bank makes another claim check along with the interest. Banks do not need their own money to make money.
Barter
the first financial system is to barter, ie trade goods or services for other goods or services. For example a farmer needs clothing, he can exchange rice that he has with clothes.
Fractional reserve receipt money
Over time the Bank's safe became full of commodities. The swords are more comfortable in claiming, and rarely use their silver gold commodities stored in the Bank. Then came the idea to make a claim check (money receipt) which then loaned. When someone needs a loan, the bank makes another claim check along with the interest. Banks do not need their own money to make money.
Ofcourse they dont need to make their own money, it is the problem of the state to make money for their citizen. Money has no value unless someone wants in exchange of a commodity or service. It is invented to make the transaction much easier because on barter, they can't stabilize the price or value of certain commodity or service.
currencies will change the world. they make it better, green, comfortable. help us easy life
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.
If you're that really into fair exchanges of energy then go back to the stone ages or wait for a meteor to hit earth. We are in the electronic age now so you need to accept that we need an efficient currency online to trade with.
In my personal opinion, electronic money will hardly be able to become the official currency of the world. They have many weaknesses for the user, and are very dangerous at their cost. Someone who is not careful will easily lose money electronically because of hackers. So I think people will oppose the cancellation of cash and accept electronic money.
change gradually, in terms of value, physical form and the development of currency types. From time to time the currency has evolved. the more sophisticated and modern human technology then it is necessary how to transact the right and efficient
money had evolved already like OP said. the change is inevitable and if you will be left behind in this digital world its like losing money. don't waste your energy thinking of that argument that isn't going to be applicable in this era. jump in because the blockchain is here to stay. forget arguing, that's not going to get you somewhere.
Simply, you can use a digital currency to buy an item or buy food and then you can use the two as energy.
It's called taking advantage of the situation and conditions that exist
It's called taking advantage of the situation and conditions that exist
Evidently, currencies are evolving with the growth of world progress. I think that very soon the crypto currency will replace the fiat money forever.
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.
The world is evolving and if we do not go with the flow we will be left behind and suffer in poverty and hunger. Poverty levels are now very high across the world and lands are owned by millionaires and poor citizens live on the slums. Agricultural areas were now converted to agro-industrial lands and that is why barter trade is no longer useful today since not all people does have a land to cultivate. So today if we do not join with cryptocurrency and buy some bitcoins we will be blaming ourselves in the future as to why we does not join in this new 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.
I think the more technological and advancement of the era is also affecting the change of a system may also be to guidelines for the development of bitcoin today people increasingly want a fast paced practical and does not take long * 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.
yes, not by the way to destroy, because crypto does not have a destructive character. even because of the excessive amount of crypto, so that negative values are not appropriate if applied to the crypto world.
but I think crypto must also maintain its good potential by always updating the system and also always innovate to adjust the condition today, otherwise the crypto world will also be replaced with other transaction tools.
but I think crypto must also maintain its good potential by always updating the system and also always innovate to adjust the condition today, otherwise the crypto world will also be replaced with other transaction tools.
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