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Topic: Money vs Barter (Read 1887 times)

full member
Activity: 560
Merit: 121
April 30, 2019, 03:24:58 PM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
No barter is not just exchange of goods for services but also exchange of goods for goods. In the history when money was not yet invented or in remote places where people do not have money they do barter like selling a piece of woodcraft for clothing, chicken for grains, vegetable of other items or offer a service for a sack of grains. There was a topic before that talked about the disappearance of money or in the event were there will be no money, so barter will happen.
hero member
Activity: 2996
Merit: 609
April 30, 2019, 02:54:53 PM
how can barter work?
Barter activities are by exchanging goods that we have with other goods owned by others,
transaction activities with barter schemes severely limit the movement of business people
the function of money here can be better and universal, as the best medium of exchange
the creation of a fiat currency because there is a limit in using a barter system, someone has difficulty exchanging their items with items that have the same value. then the idea arises to make a payment medium, and fiat is born. it's a good breakthrough, barter is not suitable for use now and certainly complicated
Hate to say but this is what fiat money do have its purpose where patching up on the things that barter wont able to do.
Not all services or things can be exchange nor transacted through barter that's why creation of fiat is revolutionary on which
it do fits out not only on typical user but also in most merchants or other people who do offer services.
hero member
Activity: 1414
Merit: 516
April 30, 2019, 02:49:35 PM
I also think people use money more than any other things because on most countries there are still need of fiat money to buy basic things, food, pay utilities and other things which can't be buy even with credit cards.
full member
Activity: 532
Merit: 101
April 30, 2019, 12:40:39 PM
But now more people will choose money because the money will be faster and barter cannot be done by everyone because there is a certain amount of activity, and the possibility of the bank will be very difficult to develop with this barter system because the bank does not have enough personnel to provide service products.
hero member
Activity: 784
Merit: 502
April 30, 2019, 12:34:25 PM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
Barter system is not in practice anymore that is why we have fiat system, initially gold act as medium of exchange but its physical structure said to be heavy so people print money backed up by gold but later everything under their control.
legendary
Activity: 2982
Merit: 1028
April 30, 2019, 11:51:34 AM
Definitely, money is universal in the economic sense and can be exchanged for any product or service. In turn, barter is a local tool, to which you can use only with mutual agreement. Both of these tools can be used where their use is most beneficial for both sides of the transaction.
If being used and both agrees with how things will be processed, the old style of system might already been extinct or no longer popular nowadays, as the money / fiat system already take over and manage everything around, there's some left behind with old trading system but in due time it will be forgotten
and everything will be cover by Money transactions.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
April 30, 2019, 11:37:40 AM
Definitely, money is universal in the economic sense and can be exchanged for any product or service. In turn, barter is a local tool, to which you can use only with mutual agreement. Both of these tools can be used where their use is most beneficial for both sides of the transaction.
well, barter is only local, and money is universal. for now, transactions using money are certainly bigger and more attractive to people. however, money is a form of transaction after barter. however, some people must still use the barter system if it is needed.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
April 30, 2019, 11:13:50 AM
I can't really make the head and tail of your question @OP but if you mean to talk about how we can use barter system. Barter system is an old system where we used to exchanged goods with other goods. This was highly practiced during the slave trades when the Europeans came to Africa. Currently this sytem is archaic and not used anymore.
sr. member
Activity: 994
Merit: 260
April 30, 2019, 07:43:08 AM
Definitely, money is universal in the economic sense and can be exchanged for any product or service. In turn, barter is a local tool, to which you can use only with mutual agreement. Both of these tools can be used where their use is most beneficial for both sides of the transaction.
legendary
Activity: 1372
Merit: 1008
April 30, 2019, 05:53:50 AM
how can barter work?
Barter activities are by exchanging goods that we have with other goods owned by others,
transaction activities with barter schemes severely limit the movement of business people
the function of money here can be better and universal, as the best medium of exchange
the creation of a fiat currency because there is a limit in using a barter system, someone has difficulty exchanging their items with items that have the same value. then the idea arises to make a payment medium, and fiat is born. it's a good breakthrough, barter is not suitable for use now and certainly complicated
full member
Activity: 1316
Merit: 108
April 30, 2019, 02:40:24 AM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
The barrier existed before the advent of money and was not an entirely convenient form of payment. If a state makes a mistake and decides not to use cash, which is so much talked about in this forum as a desirable and natural phenomenon, then people will have to switch to using barter. This will lead to a fall in the level of development of the country's economy. Therefore, it is better not to experiment with such things.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
December 29, 2018, 12:24:50 AM
Barter is not a perfect system since it can't be used by everyone when they are in less liquid.

So we created a medium of exchange called money to make the process by easier but the problem is the value is not constant it keeps decreasing day by day ecause of inflations that is why we need new technology to overcome this problem.
full member
Activity: 686
Merit: 100
December 28, 2018, 09:39:00 PM
how can barter work?
Barter activities are by exchanging goods that we have with other goods owned by others,
transaction activities with barter schemes severely limit the movement of business people
the function of money here can be better and universal, as the best medium of exchange

It becomes one that can be used for the development of transaction tools in the future. it's best to wait for it to happen in the future of the day.
hero member
Activity: 826
Merit: 500
December 28, 2018, 09:19:50 PM
how can barter work?
Barter activities are by exchanging goods that we have with other goods owned by others,
transaction activities with barter schemes severely limit the movement of business people
the function of money here can be better and universal, as the best medium of exchange
legendary
Activity: 3248
Merit: 1179
December 28, 2018, 06:45:48 PM
I already wrote about this matter. Money is a form of trust, you need to trust in money, seller needs to have trust in that money, all together needs to have trust in institution that create that money. What this system has thought us is that money rules, who create money rules, system works in favor of minority, while majority of people are slaves. Trust is broken long time ago, now we have tool to fight against system, crypto is our weapon.

Now we can choose to trust in crypto or in banks, every person on this planet will have to make a choice. Some of us chose long time ago!
sr. member
Activity: 840
Merit: 254
December 28, 2018, 05:51:38 PM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Barter system is hard to implemented in modern economic system. Modern economic system require fast transaction record and money concept very useful. The problem with money right now is central banks always print money and market always flooded and its increasing inflation
That is a big problem but if cryptocurrencies really become as successful as we believe they will then it is likely that during the next years and decades more people will begin to use cryptocurrencies as a form of payment and the currencies printed by the governments are going to begin to lose power and that will be a good thing since people will not be as affected by inflation if they use cryptocurrencies.
full member
Activity: 382
Merit: 100
Live cams shows pimped with cryptocurrency on Sexy
December 28, 2018, 05:45:21 AM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
Maybe you go to a store where they are selling suits and offer to do some work for them like cleaning and you know whatever work that is worth the suit you need, lol. Well, if the world was still into trade by barter there will be ways for you to do that and get what you need, you will always have something to exchange with. During the time of trade by barter, I believe there are such things as precious stones, so you can always exchange with them.
full member
Activity: 798
Merit: 109
https://bmy.guide
December 27, 2018, 07:50:15 AM
Money was created to make transactions more efficient rather than barter exchange before. Imagine having a bag of salt and your family is very hungry. You are a trader of salt and each food you can eat has its different traders as well. Before you can eat something like fish, you need to find a fish trader first and it would take time, in short, you will die from waiting for a fish trader to trade his fish to your bag of salt. That's the reason why money was invented/created, to make transactions efficient and accurate.
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
December 27, 2018, 04:15:30 AM
This is for the same reason why we do have money as a standard to use. Without money how can a person use barter sysyem effectively. The concept of money is still the same concept of the barter system. You give the persin money and in exchange the person gives you what your money is worth. The only difference with the real barter system is that anything can be priceless or low valued depending on how one might feel about the exchange of things.
full member
Activity: 644
Merit: 102
December 27, 2018, 02:57:31 AM
Barter can not work efficiently in our today's world because of its inefficiency like lack of a common measure of value. The parties cannot be compensated accurately for exchange made. One party will be cheated for lack of a standard measure of value
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