Topic: Evolution of Money (Read 1992 times)
Everything in this world will surely experience changes including financial matters. Humans only experience changes in both nature and physical, ranging from infants to toddlers to young children to adolescents continue to grow into adulthood to old age. Even so with currency, over time cash will shift in the form of digital where the era has now become the era of digitalization.
Basically money is the most essential invention of modern times and it has undergone a long process of historical evolution even Human beings passed through a stage when money was not in use and goods were exchanged but still it needs some thing to get directly for one another such as exchange of goods for goods was called barter exchange or trading different things to a new one and these inconvenience and drawbacks of barter led to the gradual use of a medium of exchange like what we millennial often do nowadays.
I imagine if Fiat doesn't get trust anymore and this will have a very bad impact on the evil plans of every big person associated with conspiracy, but I also think that crypto currencies also have reserve goals made by the same party for plan B.
I just assume, but if the crypto currency is really able to make everything more fair, then this is actually a very good tendency.
I just assume, but if the crypto currency is really able to make everything more fair, then this is actually a very good tendency.
Evolution of money...
before:
Barter- we exchange from product to product or services.
Gold/silver- we use them to buy some product or services.
FIAT- This is the present currency we are having now!
Crypto- the future of the world of currency...
before:
Barter- we exchange from product to product or services.
Gold/silver- we use them to buy some product or services.
FIAT- This is the present currency we are having now!
Crypto- the future of the world of currency...
After knowing how money evolve through the century, next is how could this evolution be significant to the evolution of a new technology by the coming of the cryptocurrency. I think if money took a century to fully estanlished its presence, that would also be a very challenging times for cryptocurrency to fully function as it was designed to.
Evolution will occur in the world financial system, the payment system will change from cash that is increasingly obsolete and becomes a digital currency that will be more flexible and environmentally friendly. but that does not mean the cryptocurrency will be a pioneer at that time? Fiat could have a new breakthrough for the digital currency.. 
From the time of the early civilization of man, there have been several means of trading or exchanging. Starting from barter trading where people used to exchange goods for goods or service for service, to the era where cowries and other scarce items where used as a medium of exchange. The era of Fiat came and has existed till now. However, as technology advances and convenience becomes the taste of many, cryptocurrency is created to provide a revolutionary form of payment.
the development of defense equipment is inevitable. we have to follow it, even though on the way it takes many obstacles. but in the end everything will reach its destination. sometime later it applies to cryptocurrency
The evolution of money or ordinary things that we understand in that era is very common, especially our trade in the trading system used to use exchange systems to exchange goods has changed using money, money in the past was in the form of gold and silver and is now replaced with paper money, and began to change again began to be replaced with digital money and this is very reasonable, in the future bitcoin is very suitable to be used as a future currency.
Heyyy Guys , found this article really interesting :
https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
Yeah it is really a goodr article as money for now is everything,not only a medium for payments but also a way to gain power and remain being on top.this once use for payments is now the only thing that matters for most of the people worldwide,and i am keep on asking that until where this will brings us..specially now that cryptocurrency comes and the function is easily to use https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
From the time of the early civilization of man, there have been several means of trading or exchanging. Starting from barter trading where people used to exchange goods for goods or service for service, to the era where cowries and other scarce items where used as a medium of exchange. The era of Fiat came and has existed till now. However, as technology advances and convenience becomes the taste of many, cryptocurrency is created to provide a revolutionary form of payment.
After knowing how money evolve through the century, next is how could this evolution be significant to the evolution of a new technology by the coming of the cryptocurrency. I think if money took a century to fully estanlished its presence, that would also be a very challenging times for cryptocurrency to fully function as it was designed to.
Money to a swap method to buy commodity and services, before non exist, the unit to swap the sale that are the values are equivalent (ví dụ: rau quả, animal, realfood, ...)
Transaction have evolution every time, at the first time before money is knowing to public many people just change their product with the other, by using money the can sell or buy and the use digital money will make transaction is easy.
Before before the creation of money physically, humans made transactions by exchanging exchanges of goods that they needed in other words it was the initial history of the creation of physical money as it is today, and continues to grow now starting to be popular digital currency. This will continue to grow in the future.
I think that cryptocurrencies are a kind of evolutionary stage in the development and formation of the economy of the future.
There is no doubt that cryptocurrency are a type of money in the evolutionary stage and formation of money. Like we had the coins which gave rise to fiat and latter on to electronic money, crypto currency is the new and latest stage in the evolution of money and every new technology has replaced the old one up to a great extent, crypto is also on its way to do the same but that will take long time for the already running systems in majority of the countries like those in Asia is not compatible with the crypto.
I suggest everyone here to read "I want the earth plus %5 more" from larry hannigan. Dude wrote what would happen way before its time. Right now we are moving towards to the time when the chips in our body would be capable of paying for stuff, that became our mobile phones and considering they are becoming part of who we are with social media and so forth and us checking or phone every 2 seconds we can say its part of who we are and we started to pay with it. Right now larry's work has been true and explains the evolution of money properly. I think we should be careful from what is coming next.
Everything evolves, and money is no exception.
Bitcoin is probably the next step, although - given the social and political implications - it will still take a long time before it is really accepted.
Bitcoin is probably the next step, although - given the social and political implications - it will still take a long time before it is really accepted.
Human development is more advanced and modern, transactions that are faster and more efficient and the business world is needed because money and goods transactions are faster. Money has Evolution, starting from Barter, Commodity money (gold or silver) (full body money and full body-money representation), modern money, Electronic Money and Fiat Money.
It is time for the entire world to realized that the financial evolution have already taken place, anybody calling bitcoin bubble is blind toward the trend of occurrence. There is nothing we can do about it, The world financial system is not going back to the age of trade by barter but it is moving with the digital age.
That article is good to tell us about metals that were used in ancient times and also tells us that basically money is built from the trust of many people in that money. That’s a really good article in my opinion.
Progress changes every part of human life, including monetary relations. Not so long ago, everyone called by phones with disk sets, and now you can send photos from your phone and this does not surprise anyone.
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