Topic: Evolution of Money - page 3. (Read 1961 times)
And now, money evolve to digital money, and we see that there is any application or software that install in our phone so we can pay something we buy. And soon, when cryptocurrency is approved in all countries and available to every people, we can use cryptocurrency too because cryptocurrency is part of the digital currency. When the new technology invented, there will be a way to use the technology and makes our life better.
What i know in money evolution is that it started with Bartering, then gold and minerals, it came the fiat money now towards digital money. No matter how it started the important is now how are we going about it? How are we preparing ourselves to new technology and digital money?
evolution of money I think this world currency from antiquity in ancient times until now this currency has evolved very much, from physical form to digital form as it is today and this is a very good digital currency development.
interesting article, Let's wait for the next 5-10 years to see broader forms of utilization of this blockchain technology, which I believe will be the ubiquity platform for electronic transactions in the future. The emergence of this cryptocurrency will result in various changes in society. This cryptocurrency will bring a thorough change.
Money has evolved as a medium of exchange to pay for goods/services. And now a lot of money has been made even various online stores also have their own deposit of money so the transactions will be faster and easier. The article is very good telling us about money revolution from ancient times to the present
Brief and informative. It is true that we've come so far as to the progress of our money but the main thing is we can still be better. Blockchains are just the beginning of it. We can see and make and develop a better currency to exchange products and services with in the future. I just hope people will have an open mind when it comes to change.
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 .
There are lots of things that can be referred to as money, whatever you can use in exchange for goods and services is money. The first system of money was the trade by barter system which is a way of exchanging what we have for another that we do not have. https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
After that people moved to other systems like Gold, Silver, cowries and a lot of them including precious stones. The paper money was started by banks and it has taken over to become the main system
Well, it's really a cool article makes you realized of evolution and the creation of money.
Surprisingly, paper money seems like created wealth out of nothing, if you think about it, financial institution or central bank reserves the right to create the money based on their assets and liabilities. However, as paper money valuable out of nothing, printing as much money as possible is not a solution to overcome economic problems, because it will lead to inflation, moreover all central banks in each country are subject to World Bank rules. Hence, in this case, the perfect form of money is silver or gold as there is a rule called "pseudo gold".
Fiat money has some advantages over gold and silver, one of the first things that was noticed in the past was that if you wanted to buy something you needed to bring great quantities of gold and many probably do not know this but carrying large quantities of gold and silver was a heavy burden in the ancient world and in that way using fiat currency was more practical but as we know governments have abused fiat currency for too long and we simply do not trust them to stop printing fiat, that is why I trust in bitcoin a lot more than in the fiat printed by governments. Surprisingly, paper money seems like created wealth out of nothing, if you think about it, financial institution or central bank reserves the right to create the money based on their assets and liabilities. However, as paper money valuable out of nothing, printing as much money as possible is not a solution to overcome economic problems, because it will lead to inflation, moreover all central banks in each country are subject to World Bank rules. Hence, in this case, the perfect form of money is silver or gold as there is a rule called "pseudo gold".
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 .
this is very interesting, money is an important invention. The history of money came through as a need for people to add what they want to what to what they need. There are so many different cultures and mediums for money that have been used over the years. Your post make me have more knowledge about the history of the money, Thank alot. https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
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 .
Payment currencies evolve from time to time, starting from the barter era, until they find payment instruments in the form of money. and now the world is starting to develop very rapidly, now is the digital era, but I don't think the world will remove fiat money and replace it with this kind of payment.https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
Apparently, we all know the world cannot just discard fiat completely and we would still have our centralized world probably on the blockchain eventually, but as it is, we still expect there would be a hand in hand kind of thing as we forge ahead.
Its all about money, money is a necessity for all of us, and the growing age of money is changing, so we need to follow in every development, right?
Yeah! And money has always been changing form right from the onset, from trade by barter, to cowries, to papers, and now digital. Bitcoin or will I say cryptocurrency is the new level of evolution at this stage in time, and of course since it serves as both currency and can also be placed as an asset due to its deflationary features, I do not see why it would not be a huge necessity in the long run. I believe this would be totally taking out paper currency in the long run since even before now, cashless age already begun.
The "money" in the various forms we know today is only a representation of value, convenient for facilitating exchanges.
What can then take a different form is quite irrelevant, although - in the case of bitcoin - can certainly have consequences at the political level.
What can then take a different form is quite irrelevant, although - in the case of bitcoin - can certainly have consequences at the political level.
I think there are some medium that are missed in this article as far as "money" is concerned. Before money was ever created, trading already exists through various items. Those were the days until money came and now comes an intangible money that would perhaps replace fiat in the coming years.
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 .
https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
Money always evolve. Before money created, people using barter system and its not practice. In internet era right now, people will using digital money and if want to secure our transaction, cryptocurrency needed
They say first there were shells as a means of exchange between people. And then the metal began to be used, and now the crypto currency. Our children will already use these coins often, and grandchildren will be born with this.
A lot of information on the network, as well as for what money was invented, perhaps the next step in the evolution of money will be a crypto currency, which is now beginning to enter tightly into certain layers of society. You, me and many others in this forum are shaping the future of cryptocurrencies.
This is an interesting article. I'd agree with their statement that the invention of money is really a mental revolution. To create something that doesn't have any tangible value to serve as a utility between a community of people requires a commitment of trust...and at that time would have also required a mental revolution.
And trust actually suits for bitcoin. As the article said that " as the value of money was built on trust " and same with how we perceive bitcoin, if we put our trust in bitcoin, what we believe will be worth something even people manipulate this, hence the trust has already built.
And I'm optimist that digital currency will be list in our history as it revolutionize the paper money, we should be very fortunate to have this first hand.
What we are trusting is not just Bitcoin, it is the maths behind Bitcoin. It is the hashing power and decentralized nature of the account keepers. In the long run, I don't see how fiat can be more successful than Bitcoin in the long run.
Keep your satoshis, you never know how much they can be worth in a decades time.
Everything in the universe changes, but this does not necessarily mean that it "evolves": as Tony Robbins says, change is certain, progress no.
So, we'll see if this change really will bring benefits or it will be a further tool of control by political power.
So, we'll see if this change really will bring benefits or it will be a further tool of control by political power.
Yes, everything has been changing constantly. I can guess that in the future (but not very soon), the main currency will be the digital money used even globally. It can be not Bitcoin but some perfect crypto.
Everything evolves, but it is said that change is better.
Moreover, the evolution of bitcoin goes to hit power structures that do not want to step aside.
It is necessary to see if the bitcoin really manages to evolve by overcoming these resistances.
Moreover, the evolution of bitcoin goes to hit power structures that do not want to step aside.
It is necessary to see if the bitcoin really manages to evolve by overcoming these resistances.
This is an interesting article. I'd agree with their statement that the invention of money is really a mental revolution. To create something that doesn't have any tangible value to serve as a utility between a community of people requires a commitment of trust...and at that time would have also required a mental revolution.
And trust actually suits for bitcoin. As the article said that " as the value of money was built on trust " and same with how we perceive bitcoin, if we put our trust in bitcoin, what we believe will be worth something even people manipulate this, hence the trust has already built.
And I'm optimist that digital currency will be list in our history as it revolutionize the paper money, we should be very fortunate to have this first hand.
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