Topic: Evolution of Money - page 8. (Read 1992 times)
I know the money was evolved from the former times until now had only in the form of metal bronze to do the transaction or even with do bartering, while the developing his times then started using gold and now paper money a variety of the value of her and then the digital like bitcoin or digital currency another her, this I think is belong to evolution of money
Money evolved as an medium of exchange. In the early days valuable metals were exchanged for products, and later on the system changed with the monetary system with backing of different valuables. Particularly gold gained universal importance as an backing asset. Now the advancement has lead bitcoin to be backed by technology.
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 interesting article about the evolution of money and it helps us understand why and how it works and survive and what is more interesting is that we are now nearly in a cashless society where cryptocurrency has big role on this. I am very happy as I am part of the cryptocurrency evolution where it can possibly give us financial freedom unlike the precious metals and fiat money we are from since birth. That is why government must not judge cryptocurrency as a tool to do something bad because precious metals and fiat money has long been used in wars, assasination, drugs, fraud, laundering and any illegal activities thousands of years ago before Bitcoin was created. https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
the first payment instrument used is a barter system payment tool. Where at that time the trade by exchanging the worth for example rice, vegetables and grains. Then there is gold and then proceeded by fiat currency which is governed by the government in a country. Now this bitcoin appears that the purpose of making it easier to serve as a means of payment
everything change , money also and yeah will have pros and cons about the new system of money and we decide what we can do
For me Money was capitalized and controlled with everything.And with the help of crypto currency we can considered it as the most powerful rotation to be conducted as a great financial stability.
I like this word 'money is a human creation that we can rewrite to our own demand' good articles and I think it's worth reading by everyone. Which I understand from this article money is everything to human beings. With money we can do whatever we want. With the development of our times will find a solution to simplify everything we need, see the development of money in this article from coin to paper money makes me sure will come a time where humans prefer to use digital money than paper money. All we know, the value of paper currency is determined by the government, we as users are limited to use only. However in cryptocurrency all currencies are determined by the user itself, no one can intervene in the change of price.
Evolution Money means when and where money started or invented or even dicovered?
This topic composed of different questions that a mind can have. People says you can't buy your happiness, but financial security is among most people top career priorities. Moreover, when people are asked what would most improve the quality of their lives, the most common answer is more money, something that satisfy someone's needs and wants. Money existed from the beginning up to the end of this world. Particularly money started from a single trading up to bank transacting. Money existed from the start, make used to survive by buying foods to eat, shelter to live and clothes to wear. We don't need to know where and when this started because we will never know where and when it will end. Bitcoin is part of the money existed in this world for it can be used to transact and satisfy one's need and want.
This topic composed of different questions that a mind can have. People says you can't buy your happiness, but financial security is among most people top career priorities. Moreover, when people are asked what would most improve the quality of their lives, the most common answer is more money, something that satisfy someone's needs and wants. Money existed from the beginning up to the end of this world. Particularly money started from a single trading up to bank transacting. Money existed from the start, make used to survive by buying foods to eat, shelter to live and clothes to wear. We don't need to know where and when this started because we will never know where and when it will end. Bitcoin is part of the money existed in this world for it can be used to transact and satisfy one's need and want.
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.
The ability to save and accumulate a transferable medium of exchange for our labor and creativity has made those qualities selected for among humans. Without money it is unlikely there would exist hospitals, universities, highways, the internet and most of the modern world. Despite the bitching from Luddites, the modern world is unmistakably far preferable to the primitive squalor most human lived short miserable lives in up until the 20th century
I have always wondered what will happen if there was nothing like money and nobody is getting paid for what they do. But I think if there is no money people will be very lazy and wouldn’t do anything help others or their community. Yep, that’s the truth. Most people are very selfish and they wouldn’t mind to do anything, most people would just be minding their own business and doing things in favor of themselves. Only a few would be helping out and working hard to help others and their community.
right now money has evolve into something new like in a digital currency which we know that is applied in many store online and money become a new function that we could use to buy for something. we deposit some money into our account in that store online so we can buy any product in that store. in the beginning, money is a way to accommodate between buyer and seller to get the stuff and with some communicate, they are agree with the price and the buyer give the money to the seller.
In This Century No One can not Think without money.It is Essential For Us.Anything is used as a medium of Exchange that is called money.For the beginning of money In Our living hood, It Uses many things like a medium.They change rice to pulse and slowly they make coin.After all Technology Changes our life now we Use Cryptocurrency in our daily life.
the changing times have taken place. bitcoin and crypto is an evolutionary form of fiat currency. and this does not mean 1: 1. crypto currency proven to turn on many fields. such as companies that adopt bitcoin so as to facilitate the payment system to be done. I do not guarantee if bitcoin will replace the fiat. but I believe bitcoin will be one of the impetus for us to move into the digital world and begin to evolve and change the views and ways of thinking Money is a fascinating subject, and I'm pretty sure that 99% of population can't give an acceptable answer to the question "What is really money?"
(and of course government profit from this ignorance).
The problem with crypto is that - as a decentralized system - is independent from a central power, and THIS is the real revolution (and I'm very happy to be here making part of it :-) )
(and of course government profit from this ignorance).
The problem with crypto is that - as a decentralized system - is independent from a central power, and THIS is the real revolution (and I'm very happy to be here making part of it :-) )
Correct because people cannot live in these world without money. That is the reason they keep finding a source of income just to live a happy and comfortable life than suffering from no moeny at all. The real evolution of money has different story that add on. Whatever the story is, we are glad enough that the money of our country is enoough for the needs of people. The evolution of money is a beauty creatures of human kind.
In This Century No One can not Think without money.It is Essential For Us.Anything is used as a medium of Exchange that is called money.For the beginning of money In Our living hood, It Uses many things like a medium.They change rice to pulse and slowly they make coin.After all Technology Changes our life now we Use Cryptocurrency in our daily life.
Perhaps this is only in individual countries have the opportunity to use the crypto currency in everyday life. Although if the question is interpreted differently, then I also use the money obtained with the help of crypto currency, almost every day.
In This Century No One can not Think without money.It is Essential For Us.Anything is used as a medium of Exchange that is called money.For the beginning of money In Our living hood, It Uses many things like a medium.They change rice to pulse and slowly they make coin.After all Technology Changes our life now we Use Cryptocurrency in our daily life.
Interesting! I have observed that when it comes to explaining Bitcoin and blockchain technology to anyone, we have to tell people the basics of money and how it works. This is shocking that most of the people believe that they own their money and they have the sole control of their wealth in fiat. It takes almost an hour to explain a noob from the basic and explaining how decentralization can bring the transformation in every sector including the financial sector.
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!
The ability to save and accumulate a transferable medium of exchange for our labor and creativity has made those qualities selected for among humans. Without money it is unlikely there would exist hospitals, universities, highways, the internet and most of the modern world. Despite the bitching from Luddites, the modern world is unmistakably far preferable to the primitive squalor most human lived short miserable lives in up until the 20th century
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 .
Once money used only for buying stuffs and other things that people needed.But then, its uses continues to evolved and develop, and now it can be used in different ways and not only to buy things but also as a payment for services.The evolution of money and its uses continues. https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198
What do you think ? This is how money was invented .
Money has never evolved on its essence, it was always the same, what changed were the technology and the appearances along the centuries. It was always a necessary and useful tool in societies to make people's lives easier and organized, but it's only worthful since the money serve the ideals and not the ideals serve the money. Only this way we can reach the "promised land", as the article says.
Money was changed as soon as fractional banking and a debt based model was implemented.
Money has never evolved on its essence, it was always the same, what changed were the technology and the appearances along the centuries. It was always a necessary and useful tool in societies to make people's lives easier and organized, but it's only worthful since the money serve the ideals and not the ideals serve the money. Only this way we can reach the "promised land", as the article says.
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