Topic: Evolution of money from barter system to crypto currency (Read 815 times)
Making crypto currency as the main value is just a question of time. Yes, this proces of transition happened several times during all the history of the civilization.
Depending on which country you live in, it is possible that the next step in the evolution of money is happening right now. Although i think Iran will be more successful than venezuela
Cryptocurrency should not be seen as a crown in the history of the development of monetary relations, but only as one of the type of monetary relations in society. Cryptocurrency has many advantages, however, and some of its drawbacks. Therefore, it can walk in society only along with the national money of the states. All forms of cash payments are eligible for circulation and they will complement each other.
According to my understanding about Crypto currency was at first the global economy was maintained and transactions were carried out by commodity exchanges that is from barter system then to fiat and now to the crypto currency world. The transactions of Fiat currency are directly controlled by a central authority that is the bank or the government and is a centralized form of transaction . Now a new form of currency is introduced which leads the global community into a digital decentralized world .Bitcoin is the first crypto currency that started in the year 2009 by Satoshi Nakamoto . Bitcoin transactions are recorded in an electronic ledger with block chain technology with strong net work system incorporated with modern technology and it is an unavoidable part of Bitcoin for the proper functioning and ensures security and the clarity of Bitcoin so finally the block chain leads to a corrupted free world due to these specific features .
Innovations are really needed for everyone to survive and even thrive in this world. Animals do that on a daily basis, what more us humans who think ourselves the advanced species. I think more and more innovations are lying in wait for us in the Crypto currency front bring that it is happy New to everyone
The inevitable is the transition from cash to cashless payments, and then from fiat money to cryptocurrency.
Have you ever thought what can happen to the people, who need to buy something urgently, when the Internet or electricity is off, and they have only the cryptocurrency? Fiat will live always.
Everything that's good is abused and then loses it's most important pros. Bitcoin isn't as decentralyzed as it was meant.
Nothing in the world is completely decentralized, and never will be. Bitcoin is the closest to that what resembles decentralization. If you look at all the battles we went through, Bitcoin has proven to remain Bitcoin regardless of how much shit was thrown at it. BCash is the end product of a failed attempt to take over Bitcoin, which should tell you how strong it is.Great part about crypto is that toxic elements fork off eventually. BTC>BCH>BCHsv.
Silver coin -> Gold Coin -> Paper Money -> Digital Money -> Crypto currencies, still digital but on high level. What will be next?
Money will continue to transform, store of value not per se. Gold, while it may not have served up to its task as store of value lately, is still a store of value, and Bitcoin is the digital equivalent. We're working towards a global form of 'consensus' in the crypto world where even those who don't want anything to do with Bitcoin, still want to own a small piece of it because it's Bitcoin. It's even reaching outside the crypto world where wealthy individuals are slowly starting to convert 0.5-1% of their net worth to Bitcoin. It's stupid to not own Bitcoin.
each has different advantages and disadvantages, it is not good to eliminate one of them
decentralized means that no one regulates or acts as an intermediary, so by buying cryptocurrency, it is considered that you can already use and know the risks. but the advantage of crypto is that we can transfer money easily, safely, cheaply and quickly
while centralization is synonymous with banks, and we know that it costs more to pay for all services provided by intermediaries
decentralized means that no one regulates or acts as an intermediary, so by buying cryptocurrency, it is considered that you can already use and know the risks. but the advantage of crypto is that we can transfer money easily, safely, cheaply and quickly
while centralization is synonymous with banks, and we know that it costs more to pay for all services provided by intermediaries
Btw if you see guys, historically currency development happens for centuries, it started when we entered in civilization. It's still developing because as you see in 21th century we have new type of currencies, cryptocurrencies. It was great when wasn't popular. Everything that's good is abused and then loses it's most important pros. Bitcoin isn't as decentralyzed as it was meant.
Silver coin -> Gold Coin -> Paper Money -> Digital Money -> Crypto currencies, still digital but on high level. What will be next?
Silver coin -> Gold Coin -> Paper Money -> Digital Money -> Crypto currencies, still digital but on high level. What will be next?
in my opinion this century is a form of transition from the change in paper currency to the crypto currency which is centralized. slowly we can see from various forms of all changing to digital and online. all are influenced by the transition of the current development.
The transition from paper currency to digital currency has happened already, most of the money around the world is nothing more than just a few numbers in a database, most money is not in the form of coins and bills, so that transition already happened what we are going to see in the next decades is if we can transition from a form of centralized digital currency to a decentralized form of digital currency, so the next decades are going to be very interesting because we are going to see if that transition takes place.And if it does as the majority of the people in this forum desires we are going to benefit out of this massive transformation in the way people use and perceive their money.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
For now, I think it is still difficult to shift paper money and switch to digital currency. But nobody knows in the future, everything can happen.
Evolution in our monetary system already happening. Many country already accepting bitcoin and others crypto for payment and i am believe more country will regulate cryptocurrency. If this happen, monetary system will more attractive because people have many choice when they want to make transaction with others
I think the development of time and technology will also be followed by the development of the economic system as well as one of them with a system of buying and selling transactions that will be practical, fast, efficient and the demands that make it happen
It really has a great improvement people use before a barter system but they have seen that it is not fair that's why they created a coins or a paper money. As of now there is another existence of money the digital currency but we can't replace this traditional money into a digital currency they have a disadvantage and advantage and crypto people now think it is just like an asset that may we keep in long run.
The inevitable is the transition from cash to cashless payments, and then from fiat money to cryptocurrency.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
in my opinion this century is a form of transition from the change in paper currency to the crypto currency which is centralized. slowly we can see from various forms of all changing to digital and online. all are influenced by the transition of the current development.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
And then someone had the great idea to modify a system that worked perfectly and create pieces of paper that had no value and that the government could print as they wished and fiat was born and as we know that is a terrible way to try to transfer value because the government always abuses their position of power.
This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.
First I believe that digital currency will replace obsolete systems such as cash or barter, but I think fiat will still be the main currency in the world, fiat will not run in place dude? they have innovations that will suit the times, so there will definitely be a way out for the slow of the transaction process. while crypto will certainly coexist with fiat's digital currency in the future
yes evolution will occur, such as barter which began to be abandoned since it was found exchange instruments in the form of gold and fiat money. The community will use it if it is easier for them.
cryptocurrency is indeed suitable to be used as the currency of the future because of its very sophisticated and modern features, but the problem is how the value is very unstable whether it is troublesome for its users?
Yeah right, the volatility of cryptocurrency is the one responsible for these coins making a hard time reaching adoption, of course aside from the long verification time. For more than 2 months, some significant coins are stable but at low prices. Investors , however, do not like this situation. So, its stability versus volatility.
This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.
First I believe that digital currency will replace obsolete systems such as cash or barter, but I think fiat will still be the main currency in the world, fiat will not run in place dude? they have innovations that will suit the times, so there will definitely be a way out for the slow of the transaction process. while crypto will certainly coexist with fiat's digital currency in the future 
cryptocurrency is indeed suitable to be used as the currency of the future because of its very sophisticated and modern features, but the problem is how the value is very unstable whether it is troublesome for its users?
After industrialization the world monetary system is fully changes after coins paper money comes then digital money we have seen which was the best and now the barter system is changes into Crypto currencies which can not be seen and having high influence in the world bigger transactions can be done through this.
While everyone is thinking the future is with crypto currency, I honestly believe the future of money is mobile phones. We are starting to use QR Codes to pay for stuff right now, which means the future is about right now if we can move that a bit quicker. Right now we just need to make that into something bigger and more used, all around the world people have phones they can use to pay for stuff or get paid which means there would be no more need for credit card machines or anything, the shop owner will have an app for his store and he will be capable of making QR Codes for customers and customers will have their money in their mobile phones and pay with it. That way anyone who has mobile phone (everyone really) will be capable of paying or getting paid. You can have fiat, crypto, loans, debit cards, credit cards and anything you think of in just one app that connects them all and that will be amazing.
Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man.
I think they don't aware or don't care, but comfort and ego. Crypto can only be seen digital, in contrast to luxury that can be seen as real as gold, fiat, or home. And we might not know whether they have crypto or not.
Historically, the money system has changed over time, from barter to the present, for now crypto still cannot replace fiat position, more precisely crypto we call digital assets
Yes crypto currency is the future and we agree to it 100%. But the thing is, this is change. Changing fron a system used for practically eons to something new means that we will see alot of resistance. We must show them that it is way better and that we should adopt it. I know people will come to realize this given time and the right opportunity.
Progress is such a thing that cannot be stopped. As soon as people realize that there is something more convenient, they immediately switch to it.
Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man.
I think they don't aware or don't care, but comfort and ego. Crypto can only be seen digital, in contrast to luxury that can be seen as real as gold, fiat, or home. And we might not know whether they have crypto or not.
Historically, the money system has changed over time, from barter to the present, for now crypto still cannot replace fiat position, more precisely crypto we call digital assets
This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.
That is good post with a quick glance over the history. With the passage of time, the economic activities grew and so did the needs of the people which could not be satisfied with the existing system and new form of money evolved. Cryptocurrency is also a new for of money and one the most needed and efficient but the decentralized fact is very important, Majority of countries wants to have regulations. Many areas of the world are still uninformed of the system and technology. SO let the current system do its job for the time being.
I think a decentralized system in finance will lead to a new civilization where everyone gets more freedom in terms of transactions, but apart from that all the questions are whether all will be directed to the positive side or vice versa on the negative side because I think with the system decentralized certainly there will be no intervention by the government that regulates the financial center and that means it will be separated from the corridors of the applicable law, and of course this will bring freedom in financial matters, and what is feared is that there will be parties who utilize decentralized systems for criminal purposes .
This will be happenning because the evolution of time will go together with that technology in such time in which it is the reality ,like this finance and medium of exchange , from barter trade ,to gold and silver exchange , to fiat currencies and now it is being introduced with digital currency , so people will have to be educated to understand fully the digital currency.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.
I don't know if there is certainty in the cryptocurrencies being used by people in replacement to fiat. Maybe in a progressive economy wherein they would be able to carry out their transactions smoothly because they have all the technology then it would be possible for them to shift from fiat to cryptocurrency in a short period of time but for those countries who are still having some problems when it comes to the technology then it would be a struggle and the possibility of totally shifting to cryptocurrencies is likely.
This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.
Maybe bitcoin or other crypto currencies can act as currency system in the future if people makes the stable price for it for that we need to acomodate bitcoin into full adoption not for the trading purpose only.
Even though decentralization has been on for the likes of gold and silver, it seems at some point it started tending towards centralization one way or the other, with the government being in control. So, I agree with the fact that this is an evolution of money from barter system that would change and disrupt the way we have been doing things in the past. However, people cannot make a stable price for bitcoin or cryptocurrencies, but when we obviously start getting to see real life usage, we can get to say that the possibility of seeing the market become more matured will be there and we might see some less volatility or some stability.it is actually the usage around the world that would make the volatility to become less in the long run. That is what a lot of people are really not getting today.
When more people adopt bitcoins and bitcoin will become as a main stream of payment system then we can expect less volatility which may remain similar to how gold trades today. Cryptos will evaluate toward a momentary system, there could be no room of doubts in that. I dont think that. At present, the price of the altcoins are quite variable. And the fact that we put electronic money in our wallet, it will be more volatile in a day. Your money can be reduced from $ 100k to $ 60k in just one day. First of all, I think the Crypto market needs to be protected and modified before being used around the world.
Protection and modification is not the thing that would make the situation that you have just mentioned die off, it is actually the usage around the world that would make the volatility to become less in the long run. That is what a lot of people are really not getting today.This right now that we have in our hands is a purely speculative market, we see people getting greedy and wanting to get rich over night without even knowing the real value or the benefit the space brings in the long run, and as long as there is no real life usage, this is something we will end up seeing. Nonetheless, I still so much believe in the future of us getting to that spot.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
People just didn't move towards paper currency, people have used precious coins and other things as a means of exchange.
I dont think that. At present, the price of the altcoins are quite variable. And the fact that we put electronic money in our wallet, it will be more volatile in a day. Your money can be reduced from $ 100k to $ 60k in just one day. First of all, I think the Crypto market needs to be protected and modified before being used around the world.
After industrialization the world monetary system is fully changes after coins paper money comes then digital money we have seen which was the best and now the barter system is changes into Crypto currencies which can not be seen and having high influence in the world bigger transactions can be done through this.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Absolutely right, in early age there was no concept of money so people had been bartering to buy and sell goods according to their needs.
Later when paper money came into existance, it diversified the whole world economy but some some imperfection and limitations are still there.
Thus, Cryptocurrency is the only way to overcome all those limitations
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Definetly what are we doing now,the exchange of fiat to digital currency system in order to make the world closer and all transaction become easier to access,and creating a cashless society otherwise what your comparison about are the trading before and after the cryptocurrency would come into these modern present,that there are some changes in doing a market trading exchange because its decentralized and digital form of figures.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
People just didn't move towards paper currency, people have used precious coins and other things as a means of exchange.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
I am believe in the future, cryptocurrency will change our way making transaction. With borderless system and decentralized system, financial system will change and i am believe cryptocurrency is future currency
The most realistic outcome in my opinion in terms of mass adoption is that people see bitcoin as an alternative, or parallel to the fiat banking system. Some may even choose to use it exclusively as people already are doing now. But a decentralized crypto completely replacing fiat seems like a far fetched idea for now.
We even never thought 80% of people in the world using smart phones before 10 years but now it is the reality so when people starts to accept it then it will move to mass adoption because people were most likely ship they just do what other were doing. 
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Some people act like centralization is absolutely necessary for the survival of the economy - it really is not. We've seen economies survive and arguably do better off with decentralized forms of money compared to fiat with no backing, or at least with less financial trouble and swings.
However even with that said and my confidence in bitcoin as an asset that is able to preserve value in the long run, it's very unlikely that governments would be willing to give up control of their sovereign fiat currencies and stop issuing them altogether.
The most realistic outcome in my opinion in terms of mass adoption is that people see bitcoin as an alternative, or parallel to the fiat banking system. Some may even choose to use it exclusively as people already are doing now. But a decentralized crypto completely replacing fiat seems like a far fetched idea for now.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
We already have digital currency system where we can pay our fiat money in the digital format through cards or paypal like that but the main reason for that we need to move is the current system is centralized and our money losing its value everyday because of inflation which is only caused because of our country printing more money.SO we need new system which can work independent.As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
This is what is currently being developed and widely echoed for the use of decentralized crypto currencies for the benefit and goodness of the future, of course a very long and consistent process is needed for us here who first know and understand the true nature of its superiority, to make people aware that it is not easy on the current crypto journey with many pros and cons that have become common food everyday, this is needed in the future, I think it will be better over time.
i think that is reasonable, because every time there is evolution, of course there are pros and cons, even though in the end the development of technology cannot be avoided. 
This is what is currently being developed and widely echoed for the use of decentralized crypto currencies for the benefit and goodness of the future, of course a very long and consistent process is needed for us here who first know and understand the true nature of its superiority, to make people aware that it is not easy on the current crypto journey with many pros and cons that have become common food everyday, this is needed in the future, I think it will be better over time.
This is why we keep on calling cryptocurrency or digital currency as the future currency. It's so unfortunate that the problem we are having with cryptocurrency taking place is globally acceptance. And we don't blame so government for rejecting it. Cryptocurrency is all about technology and not all country have grown in technology, so we have to give digital currency so time.
Already crypto currency has recognization worldwide but the problem is the whales who manipulates the prices but if someone can hold coins until the cryptos can be spend then we can avoid the manipulation and also can attain stability in prices. 
This is why we keep on calling cryptocurrency or digital currency as the future currency. It's so unfortunate that the problem we are having with cryptocurrency taking place is globally acceptance. And we don't blame so government for rejecting it. Cryptocurrency is all about technology and not all country have grown in technology, so we have to give digital currency so time.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
that is correct. paper money has its flaws and we're starting to move towards decentralization. It's slow in the beginning but then it'll catch up very fast as soon everyone has access to internet.
Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
We already have digital currency system where we can pay our fiat money in the digital format through cards or paypal like that but the main reason for that we need to move is the current system is centralized and our money losing its value everyday because of inflation which is only caused because of our country printing more money.SO we need new system which can work independent. As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.
from barter to paper currency,now to crypto currency, crypto currency is the next phase in transaction but like the barter system, it will experience some shortcomings, because if you will agree with me, about 70 of the world population hasnt heard of crypto currency, so this may be a barrier if we are to completely adopt cryptocurrency as a standard means of transactions.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
I think you need to read a book about how an economy works. Let us take, for example, dollar. Dollar is printed and issued by FED and the economy of US is the support of dollar I mean GDP. What kind the support do Bitcoin have? In addition to the total quantity of Bitcoins is limited and the limit wll be reached very soon (in next several years) but as we know the world economy (as well as an economy of any country) need to have new money for evolving. What is your suggestion how to solve this trouble?
I consider that Bitcoin is an especial asset which is convenient for solving some part of tasks but Bitcoin is not suitable to substitute dollar or any other currency. Bitcoin is an excellent asset for making fast transactions, investing purposes and so forth but Bitcoin is not suitable for holding savings and using as a country currency because of many reasons (high volatility, limitedness).
We have only bitcoins? there were lot of other crypto currencies are also available which can be substitute for all the paper money in the world.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
I think you need to read a book about how an economy works. Let us take, for example, dollar. Dollar is printed and issued by FED and the economy of US is the support of dollar I mean GDP. What kind the support do Bitcoin have? In addition to the total quantity of Bitcoins is limited and the limit wll be reached very soon (in next several years) but as we know the world economy (as well as an economy of any country) need to have new money for evolving. What is your suggestion how to solve this trouble?
I consider that Bitcoin is an especial asset which is convenient for solving some part of tasks but Bitcoin is not suitable to substitute dollar or any other currency. Bitcoin is an excellent asset for making fast transactions, investing purposes and so forth but Bitcoin is not suitable for holding savings and using as a country currency because of many reasons (high volatility, limitedness).
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
What makes you think rich people are not aware of cryptocurrencies ?
For instance, I can imagine what it would be like when you are paying 12 chickens to someone for a goat, compared to how you can just easily make a transaction in either fiat or cryptocurrency for the goat. Simpler and easier ways of doing things, which is what the technology brings into the whole barter system.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Over time, people will tend to realize the importance and the great benefit the blockchain technology brings and for the fact that paper money will be out of the system maybe in the long run, would certainly bring about newer ways of doing things like we are having it with some of us now.
The history of transactions is like that, barter system is felt to be detrimental to one party and now paper money is regulated by the government so as the immunity of users is very limited.
Actually, I wouldn't say paper money hasn't been suitable for use in the payment system, just as paper money was present when the barter system was running at that time. So as everyone chooses paper money because it feels fair when used as transactions. And now, Payment using a digital system is very crowded and even many people need it. Hopefully, cryptocurrency could be made a solution for everyone as a tool transaction.
Actually, I wouldn't say paper money hasn't been suitable for use in the payment system, just as paper money was present when the barter system was running at that time. So as everyone chooses paper money because it feels fair when used as transactions. And now, Payment using a digital system is very crowded and even many people need it. Hopefully, cryptocurrency could be made a solution for everyone as a tool transaction.
Fiat money, gold and precious metal standards and crypto currencies are all barter systems imo. I know economics academics might disagree with this notion. There isn't a massive or substantial difference separating a farmer exchanging 12 chickens for a goat or a consumer purchasing an internet domain name for 0.0005 bitcoins.
All these are exchanges, but you definitely can't call them barter. There is a reason why barters and fiat/monetary transactions are considered different. For a barter transaction, the farmer would need to find somebody who wants his 12 chickens and has something to offer the farmer, which the farmer actually needs. If not for money, finding such a person would take forever.
It was only very recently that people moved to centralised, fiat currencies.
Most of the world used some kind of commodity currency or commodity backed currency, usually in the form of precious metals like gold and silver. These are actually decentralised since no one can centrally manipulate their issuance.
Only in the 20th century did fiat currencies become a real global phenomenon (you could argue that gold certificates and silver certificates were already somewhat fiat before that), so bitcoin is really a reversion to decentralisation which has been proven to bring stability in value over many centuries. It's not a new concept economically, but it sure is digital.
Most of the world used some kind of commodity currency or commodity backed currency, usually in the form of precious metals like gold and silver. These are actually decentralised since no one can centrally manipulate their issuance.
Only in the 20th century did fiat currencies become a real global phenomenon (you could argue that gold certificates and silver certificates were already somewhat fiat before that), so bitcoin is really a reversion to decentralisation which has been proven to bring stability in value over many centuries. It's not a new concept economically, but it sure is digital.
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Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man.That is not a fact, just some assumption. However, like Hydrogen said, we are still in a system of trade by barter anyway, just that this time around, things are done differently and then we get to have a better way of doing things and transacting as the case may be.
For instance, I can imagine what it would be like when you are paying 12 chickens to someone for a goat, compared to how you can just easily make a transaction in either fiat or cryptocurrency for the goat. Simpler and easier ways of doing things, which is what the technology brings into the whole barter system.
Fiat money, gold and precious metal standards and crypto currencies are all barter systems imo. I know economics academics might disagree with this notion. There isn't a massive or substantial difference separating a farmer exchanging 12 chickens for a goat or a consumer purchasing an internet domain name for 0.0005 bitcoins.
Introducing a happy medium of currency makes it easier for buyers and sellers to achieve a universal standard of barter item which can be utilized by everyone and exchanged for anything. This can result in markets which are more flexible and efficient which roughly translates to greater economic prosperity and wealth. Despite this innovation, financial transactions are still derived from tit-for-tat barter systems.
Some believe the US dollar has not truly been backed by gold since the guarantee of each dollar being exchangeable for its value in gold was removed as a legal protection in the 1970s. People are always looking for new evolutions and progress in terms of money. Unfortunately its often defined in terms of small players being afforded less protections and options, while big players at the top of the food chain are granted additional protections. Perhaps @ some point we'll define it in terms of a paradigm shift towards a more balanced approach. But it would seem that day has not yet come.
Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man. Introducing a happy medium of currency makes it easier for buyers and sellers to achieve a universal standard of barter item which can be utilized by everyone and exchanged for anything. This can result in markets which are more flexible and efficient which roughly translates to greater economic prosperity and wealth. Despite this innovation, financial transactions are still derived from tit-for-tat barter systems.
Some believe the US dollar has not truly been backed by gold since the guarantee of each dollar being exchangeable for its value in gold was removed as a legal protection in the 1970s. People are always looking for new evolutions and progress in terms of money. Unfortunately its often defined in terms of small players being afforded less protections and options, while big players at the top of the food chain are granted additional protections. Perhaps @ some point we'll define it in terms of a paradigm shift towards a more balanced approach. But it would seem that day has not yet come.
Fiat money, gold and precious metal standards and crypto currencies are all barter systems imo. I know economics academics might disagree with this notion. There isn't a massive or substantial difference separating a farmer exchanging 12 chickens for a goat or a consumer purchasing an internet domain name for 0.0005 bitcoins.
Introducing a happy medium of currency makes it easier for buyers and sellers to achieve a universal standard of barter item which can be utilized by everyone and exchanged for anything. This can result in markets which are more flexible and efficient which roughly translates to greater economic prosperity and wealth. Despite this innovation, financial transactions are still derived from tit-for-tat barter systems.
Some believe the US dollar has not truly been backed by gold since the guarantee of each dollar being exchangeable for its value in gold was removed as a legal protection in the 1970s. People are always looking for new evolutions and progress in terms of money. Unfortunately its often defined in terms of small players being afforded less protections and options, while big players at the top of the food chain are granted additional protections. Perhaps @ some point we'll define it in terms of a paradigm shift towards a more balanced approach. But it would seem that day has not yet come.
Introducing a happy medium of currency makes it easier for buyers and sellers to achieve a universal standard of barter item which can be utilized by everyone and exchanged for anything. This can result in markets which are more flexible and efficient which roughly translates to greater economic prosperity and wealth. Despite this innovation, financial transactions are still derived from tit-for-tat barter systems.
Some believe the US dollar has not truly been backed by gold since the guarantee of each dollar being exchangeable for its value in gold was removed as a legal protection in the 1970s. People are always looking for new evolutions and progress in terms of money. Unfortunately its often defined in terms of small players being afforded less protections and options, while big players at the top of the food chain are granted additional protections. Perhaps @ some point we'll define it in terms of a paradigm shift towards a more balanced approach. But it would seem that day has not yet come.
Your assumption are strange. I think that it is wrong to compare a barter deal with a transaction by means of any crypto currency. For me a barter deal stands for an exchange any production or service on another but a crypto currency is just some digital numbers in a computer. I can see a crypto currency in a barter deal like an analog of money or for accounting. I consider that crypto currencies are something like digital money or shares of a company.
I am not comparing barter system with crypto currencies,I am just explained how the money system works thousand years ago and now and why we need crypto currencies for future.I just said the current paper money system also has flaws like that in old agae so we need to rectify it and move to the new currency system that is called the crypto currency money system. In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
Barter trade was a thousand years ago. The money was not found 1 or 2 century ago. First use of money happened before birth of Jesus.
Economy need plenty of time for using crypto as a payment method. It isn't possible to change quickly a system which has been created for many years.
Your assumption are strange. I think that it is wrong to compare a barter deal with a transaction by means of any crypto currency. For me a barter deal stands for an exchange any production or service on another but a crypto currency is just some digital numbers in a computer. I can see a crypto currency in a barter deal like an analog of money or for accounting. I consider that crypto currencies are something like digital money or shares of a company.
Every century of our evolution is the progress associated with something very important.
Starting from the creation of a light bulb, a car, a train, a phone, a computer, the Internet and ending with cryptocurrency.
Every century brings to mankind a very valuable contribution that people should use correctly. In the 21st century, we have digital money. Let's just say the Internet has opened up the possibility of trading at a great distance and in a fast time. It's really amazing. The cryptocurrency can be much wider to increase opportunities for trade and marketing.
You're talking about decentralization. Yeah, that's a problem now. More and more States are beginning to infringe on ordinary people. Full control over accounts, money, actions. Banks and the state can know all about your movements. Which basically violates your Constitution. Freedom... she's gone, just like she used to be. Don't you think?
Therefore, money should really be decentralized, we should be able not to show everyone how much we have
Starting from the creation of a light bulb, a car, a train, a phone, a computer, the Internet and ending with cryptocurrency.
Every century brings to mankind a very valuable contribution that people should use correctly. In the 21st century, we have digital money. Let's just say the Internet has opened up the possibility of trading at a great distance and in a fast time. It's really amazing. The cryptocurrency can be much wider to increase opportunities for trade and marketing.
You're talking about decentralization. Yeah, that's a problem now. More and more States are beginning to infringe on ordinary people. Full control over accounts, money, actions. Banks and the state can know all about your movements. Which basically violates your Constitution. Freedom... she's gone, just like she used to be. Don't you think?
Therefore, money should really be decentralized, we should be able not to show everyone how much we have
Showing somebody how much you have should be your choice, just as not showing should also be. The government's snooping eye extends into every aspect of our private life, not just the financial aspects. I am just glad that decentralized currencies like Bitcoin provide us with a way out.
Every century of our evolution is the progress associated with something very important.
Starting from the creation of a light bulb, a car, a train, a phone, a computer, the Internet and ending with cryptocurrency.
Every century brings to mankind a very valuable contribution that people should use correctly. In the 21st century, we have digital money. Let's just say the Internet has opened up the possibility of trading at a great distance and in a fast time. It's really amazing. The cryptocurrency can be much wider to increase opportunities for trade and marketing.
You're talking about decentralization. Yeah, that's a problem now. More and more States are beginning to infringe on ordinary people. Full control over accounts, money, actions. Banks and the state can know all about your movements. Which basically violates your Constitution. Freedom... she's gone, just like she used to be. Don't you think?
Therefore, money should really be decentralized, we should be able not to show everyone how much we have
Starting from the creation of a light bulb, a car, a train, a phone, a computer, the Internet and ending with cryptocurrency.
Every century brings to mankind a very valuable contribution that people should use correctly. In the 21st century, we have digital money. Let's just say the Internet has opened up the possibility of trading at a great distance and in a fast time. It's really amazing. The cryptocurrency can be much wider to increase opportunities for trade and marketing.
You're talking about decentralization. Yeah, that's a problem now. More and more States are beginning to infringe on ordinary people. Full control over accounts, money, actions. Banks and the state can know all about your movements. Which basically violates your Constitution. Freedom... she's gone, just like she used to be. Don't you think?
Therefore, money should really be decentralized, we should be able not to show everyone how much we have
Evolution will probably occur in the future, fiat currency will be replaced with crypto, therapy will all require a very long process, because change is not easy.
it is our job to educate the people about the crypto currencies and the benefits of decentralized currency over the current paper currency.
I agree. It is partly our job to educate them, and probably this is not that hard a job as well. Because I think that the new generations are naturally drawn to the crypto space. Look at them, they are surrounded by computers, laptops, and mobile phones all the time. So digital money will appeal to them in a natural way. The media (and older generations along with them) may resists for some time, but they will have no choice but to jump on the wagon too.
Probably, this process will be realized. However, in this process, the main problems are states. How will/do they approach to this process? This point is still uncertain.
..people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life...
I think the process has started and there is no turning back. Slowly but surely, more and more people will realize the importance of decentralized money.
People are just not educated enough, but this will change, for sure. Let me ask you, until 10 years ago, who was teaching the new generations about one of the most important question in their lives, which is: "What is Money"?
Nobody. Exactly. And they were just taking money (and how it works) for granted. But, now, it seems to me as if we are collectively awaking to the new reality of better, decentralized, sound money.
..people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life...
I think the process has started and there is no turning back. Slowly but surely, more and more people will realize the importance of decentralized money.
People are just not educated enough, but this will change, for sure. Let me ask you, until 10 years ago, who was teaching the new generations about one of the most important question in their lives, which is: "What is Money"?
Nobody. Exactly. And they were just taking money (and how it works) for granted. But, now, it seems to me as if we are collectively awaking to the new reality of better, decentralized, sound money.
and that might actually happen in the next few years
because we have to leave the old things to get new things that are more useful in the future
because we have to leave the old things to get new things that are more useful in the future
In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.
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