Evolution of Money - page 9. | Bitcointalksearch.org

markj113

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Quote from: hagiyatmaz on March 07, 2018, 03:06:04 PM

It is generally believed that evolution of money has passed through following six stages.
Barter
Commodity Money
Metallic Money
Paper Money
Credit Money
Electronic Money
the old ones disappeared over time when they were used together for a while.

Every new version of money becomes more corrupt and open to manipulation and abuse. Even crypto price is controlled by a few whales and exhange bots.

Mainstream electronic money will not be bitcoin, it may be blockchain based but I even doubt that as it restricts central banks and government financial control.

I still have a gut feeling that bitcoin price will be going down and not up overall in 2018.

Bezobraznike

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Quote from: yoseph on March 07, 2018, 03:21:43 PM

Quote from: hagiyatmaz on March 07, 2018, 03:06:04 PM

It is generally believed that evolution of money has passed through following six stages.
Barter
Commodity Money
Metallic Money
Paper Money
Credit Money
Electronic Money
the old ones disappeared over time when they were used together for a while.

There will be a time that when even paper is going to get extinct very soon but i am sure that it is going to be a while before that even happens but we cannot deny the fact that when paper money is completely out of the system some natural resources will be happy about the turn of events.

Very soon, new era is coming and paper money will not be used. People will
change current system and that will happen in many countries starting from
2020, they will lower cash flow and they will relay just on credit cards. Credit
cards are some form of digital money, but Blockchain will push them out
from the business soon.
Article described how that goes, systems has been changed before and same
will happen again. I see that coming in next 10 years, now information's travel
faster and changes will come faster. Everything is happening with great speed
in this century, economy has to be changed with the same speed.

yoseph

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Quote from: hagiyatmaz on March 07, 2018, 03:06:04 PM

It is generally believed that evolution of money has passed through following six stages.
Barter
Commodity Money
Metallic Money
Paper Money
Credit Money
Electronic Money
the old ones disappeared over time when they were used together for a while.

There will be a time that when even paper is going to get extinct very soon but i am sure that it is going to be a while before that even happens but we cannot deny the fact that when paper money is completely out of the system some natural resources will be happy about the turn of events.

hagiyatmaz

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It is generally believed that evolution of money has passed through following six stages.
Barter
Commodity Money
Metallic Money
Paper Money
Credit Money
Electronic Money
the old ones disappeared over time when they were used together for a while.

fulmetal08larz

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The full potential of BTC and other crypto currencies, once fully developed, is infinite. When most of the corporations utilize them, it could be possible that the world economy will be boosted and the people will have more control of their wealth. This evolution of money is inevitable.

einiass

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Yrett

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Quote from: carlfebz2 on February 26, 2018, 11:33:57 AM

We do know its capabilities which is good but we do also know that government wont really allow such thing to happen. Its really glad to see on how we do improve or evolve when it comes to money and its expected that digital money can be possibly implemented in the future but expected it wont really be crypto but rather centralized digi-currencies.

How do you imagine decentralized digital currencies to be banned? They have huge potential in decentralized economy (I mean P2P services). This can't be stopped just by "not allowing".

paxmao

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Quote from: LeGaulois on February 26, 2018, 09:56:21 AM

I didn't read everything on the Medium link posted because I have already read or watched too much about this topic, with all possible versions people can imagine. There are some very good documentaries (that you can surely find on Youtube) you should watch, it goes more deep that in this article and are easy to understand.

I wish there were more people interested in the topic really, it is a very interesting topic, as most of the population gives for granted that paper money is a immutable value.

fiulpro

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Something that had a physical value was used in the past as a transaction mechanism becaus of the very value that it holded. With evolution in human civilisation, this sustem also evolved into a common system being called as money. Now since our technology and sciences are advancing aswell, adapting newer methods of exchanges and transactions is not something wrong or extreme as it appears to be.

Cryptocurrencies are pathways for this evolvement. Paper money have been their for years and decades. Now with the advent of technology and new mechanisms, wherein the money can be former, used, and stored over cloud itself, shifting and adapting such a system is a good and farsighted step for a developed nations.

buytheeffinD

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Quote from: carlfebz2 on February 26, 2018, 11:33:57 AM

Quote from: torch2121 on February 26, 2018, 11:22:17 AM

Yes I agree to taiwww before when it all started we accept salt, cow, etc. for trade or payment. For our century now digital world were technology is booming, Bitcoin is created for other source of payment. Which we can use for all types of payments. Were what they want is to make our life easier, convenient and better.

Evolution and innovation might be there but talking on coming to a point on where bitcoin or any other crypto would be considered to become the mainstream then it might not be possible for sure.We do know its capabilities which is good but we do also know that government wont really allow such thing to happen.Its really glad to see on how we do improve or evolve when it comes to money and its expected that digital money can be possibly implemented in the future but expected it wont really be crypto but rather centralized digi-currencies.

What do you mean won't allow? They can't stop Bitcoin anymore and they have no choice but to coexist with it now. They could try to squash it but that attempt would be futile as they would spend billions and achieve nothing, or they could continue to keep the network going. There isn't a way they can take down Bitcoin anymore, there only option is to live in harmony with it.

carlfebz2

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Quote from: torch2121 on February 26, 2018, 11:22:17 AM

Yes I agree to taiwww before when it all started we accept salt, cow, etc. for trade or payment. For our century now digital world were technology is booming, Bitcoin is created for other source of payment. Which we can use for all types of payments. Were what they want is to make our life easier, convenient and better.

Evolution and innovation might be there but talking on coming to a point on where bitcoin or any other crypto would be considered to become the mainstream then it might not be possible for sure.We do know its capabilities which is good but we do also know that government wont really allow such thing to happen.Its really glad to see on how we do improve or evolve when it comes to money and its expected that digital money can be possibly implemented in the future but expected it wont really be crypto but rather centralized digi-currencies.

torch2121

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The revolutionary trading ecosystem

Yes I agree to taiwww before when it all started we accept salt, cow, etc. for trade or payment. For our century now digital world were technology is booming, Bitcoin is created for other source of payment. Which we can use for all types of payments. Were what they want is to make our life easier, convenient and better.

Morjana17

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Alfa-Enzo:Introducing the First Global Smartmarket

Quote from: Lupus Solitarius on January 04, 2018, 07:59:41 PM

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 :-) )

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.

LeGaulois

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I didn't read everything on the Medium link posted because I have already read or watched too much about this topic, with all possible versions people can imagine. There are some very good documentaries (that you can surely find on Youtube) you should watch, it goes more deep that in this article and are easy to understand.

Bobby park

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During ancient times, money is not used as a means of exchange because the old economy circulated only in barter change or the exchange of goods to goods.
As time goes by, the discoveries of gold, bronze and silver became the first metal to be used as a payment for a barter. Until, the people developed it and became the money or the fiat currency. Fiat currency plays a vital role in our economy. The monetary supply becomes the regulation in order to maintain the price stability in our economy.
Fortunately, Mr. Satoshi discovered a means of exchange using digital, the bitcoin. And as of now, we are using bitcoin and probably, in the near future it will replace fiat.

yusupjatigumilar

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I think the evolution of money is directly proportional to the development of science and technology of the time, it used to be type of metal age money made of metal in the form of coins, then came the banknotes and now paper money and coins are starting to be abandoned because of the emerging digital money more practical and safe and certainly more environmentally friendly because it does not require the materials used for conventional money making.

paxmao

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Do not die for Putin

Money has been getting more "ethereal" on each evolution. From salt, that had an self-evident value as a condiment, to gold coins, which do not have much value on itself to fiat, with is just paper with some ink on it and lastly, a digital record on a hard drive that has no value.

cipher-x_09

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From exchange or trading of items to evolving to paper as a medium of exchange to have a convenience in purchasing or selling of goods and services, and now we have a digital currency that has been used not just on trading but also in a lot of different ways just to earn money. And now I am just wondering what's next after cryptocurrency because as we all know things never stand the same way for a long period of time. Especially in our generations today you need to learn to adapt and make the necessary adjustments in order to keep up to what's happening around the world.

Tomjames

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Exactly , and what really is a government that doesn't control its money ?

Lupus Solitarius

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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 :-) )

Topic: Evolution of Money - page 9. (Read 1961 times)