Topic: Evolution of Money - page 7. (Read 1992 times)
Money have evolved great and I think that we are just ready to continue that evolution and proceed into Cryptocurrencies era
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 .
In my own opinion, the money today is the cryptocurrency and if most of the people will use bitcoins over fiat then there is no doubt that cryptocurrency will be the number one currency on the entire nation.
yes, the government is not ready to do this and they still prefer to use fiat than using cryptocurrency but once they are accepting cryptocurrency in their system, then I think the evolution of money will begin and soon fiat will not be used as the payment system and it's replaced with cryptocurrency. and I think this will not happen in the short time because there are a lot of things that need to set it up and besides that, the cryptocurrency technology is still developed and try to grow in many things.
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 .
In my own opinion, the money today is the cryptocurrency and if most of the people will use bitcoins over fiat then there is no doubt that cryptocurrency will be the number one currency on the entire nation.
yes money is a means of exchange used in the trade in goods and services. every country has its own currency and printed limited to regulate its economy lane.
the balance sheet of the currency economy has been determined by many government policies and interventions, if that does not happen then the economy will be controlled by many uncontrolled economic mafia. I'm a bit skeptical of the bitcoin for this where nobody can strongly regulate it, in the future many bag holders are greedy and able to destabilize economic inflation at any time, this is a warning to think about from now on because bitcoin also moves wild and unstoppable.
For me money is invented to controlled everything we know How powerful the words money. It can do anything this is the power of money. And nowadays with the help of crypto currency we can considered it as the most powerful rotation to be conducted as a great financial stability.
It's a pretty interesting read.
I think that bitcoin can actually be compared to older forms of money, which are more proven store of values. For instance, gold or silver. These have no central authority issuing them, and there were physical limits as to how much of them can be mined. This is why they are able to store their value over the long run.
Fiat currency doesn't have that property, it is controlled by a central entity, and can lose value over the long term or even become completely worthless.
I feel like bitcoin is simply the next stage in the evolution of money, it's a more convenient, divisible, transportable form of gold, with a completely transparent supply. It's the best we've got currently.
I think that bitcoin can actually be compared to older forms of money, which are more proven store of values. For instance, gold or silver. These have no central authority issuing them, and there were physical limits as to how much of them can be mined. This is why they are able to store their value over the long run.
Fiat currency doesn't have that property, it is controlled by a central entity, and can lose value over the long term or even become completely worthless.
I feel like bitcoin is simply the next stage in the evolution of money, it's a more convenient, divisible, transportable form of gold, with a completely transparent supply. It's the best we've got currently.
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 .
In my own opinion, the money today is the cryptocurrency and if most of the people will use bitcoins over fiat then there is no doubt that cryptocurrency will be the number one currency on the entire nation.
Thanks, I consider the information in the mentioned article really interesting. I think that nowadays, btc is an example of evolution and it has a great potential to develop in the future and change the whole system we have now
Before money existed, barter was the way to purchase goods and services. Money evolved as the medium of exchange to buy goods and services. Even before Christ, money already existed. Now, bitcoin is the most recent evolution of money.
I think every country prints its own fiat currency according to their policies; generally this currency is printed and controlled by the country's central bank. After the economic revolution paper money was accompanied by credit, plastic money, etc. The latest form of digital money (bitcoin) was introduced in 2009. The purpose of all forms of money is to make trading simple and easy.
Anything that is easy to use as a medium of exchange in finishing a trade is called money. Commodities previously demanded such as salt, wheat rice, weapons, livestock are used as money, they are called barter exchanges. After that coins like gold, silver, copper became there. They are very popular. Soon this money was found uncomfortable and dangerous to carry, so it was replaced with paper currency.
The more advanced and modern human development requires faster and more efficient transactions and the business world because that is the money and goods transactions more quickly. Money that evolved from simple money evolves into today's digital money that makes people transact easier and faster.
Before money existed, barter was the way to purchase goods and services. Money evolved as the medium of exchange to buy goods and services. Even before Christ, money already existed. Now, bitcoin is the most recent evolution of money.
Sadly, Bitcoin is not used as a currency nor money since it is mostly used as an asset, an investment to gain a good profit in the future when it has a good price. But I can see that the future money will be followed to the efficiency and some ideas of Bitcoin, well we are talking about the future here where everything is fast and really efficient. I hope.
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 .
Ofcourse money is evolving and changing because it is the only permanent thing in this world. As long as competition is present in monetary aspect, there are many that will evolve and surpass the other.
Money has discovered and made for them to easily determine the value of it since after sometimes gold and silver coins that were used in the past era is now added by some minerals and some coins are not pure gold and silver anymore, this incident is often caused travel to merchant who doesn't have enough talent to determine the pure one, so as the problem arises, paper money was discovered.
In my opinion, cryptocurrencies are very likely to become our future. And it depends on us whether it will happen or not.
COMMODITY theory asserts that money has evolved spontaneously from one of the useful commodities through a long process of barter exchanges, and CARTAL theory argues that money was introduced by a communal agreement or political decree or legislative action that is external to the exchange process. whatever is the case people at some point in time came together and agree for a means of exchange.
Interesting thing is to see, what will happen in a future of money evolution, heh. Now here we are with an electronic money and a birth of cryptocurrencies!
What are you thinking, that everything will change electronically or what? Stop deceiving yourself please, such thing is never gonna happen. That you invested all your money into cryptocurrency doesn’t mean we will do the same thing with you. Cryptocurrency is never going to replace anything, it’s just an asset and is only for investment. If that was possible Gold would have been used or something. You can’t do away with physical money, they will never go away. Banks already introduced ways to use your money electronically with the help of your mobile devices or computers.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 .
Wow, what an excellent thread and a spot on article. Where would the human race be as of today without use and means of money? Does money really build nations from the ground up? It appears that we are in the age of digital dynamics. Everything is becoming virtualized, even our good old money. Blockchain will pave the way, more innovation will come soon! https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
money is the medium of exchange for goods
the history of money was started by trade by barter which means exchange of goods for goods then someone may have gold, silver and may in need of food he will exchange what he have with what he need..
the history of money was started by trade by barter which means exchange of goods for goods then someone may have gold, silver and may in need of food he will exchange what he have with what he need..
In ancient times people made transactions using valuables such as gold, metal, and others. After that, present the currency that we now know with paper currency (USD, EUR, CNY, and so on). Every age of the means of transactions used by humans has always evolved and they do not reject the evolution of transactions that occur. Different from bitcoin, there is a lot of rejection of this digital asset that is staying digadang as digital currency. Their fear is too much.
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