Bitcoin Forum

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

The evolution of bitcoin currencies, in contrast to human evolution whose legitimacy is still debated, is profoundly transformed. Starting with the exchange of goods or barter to get the desired goods, the currency will never be the same again as the development of civilization. The most ancient transactions known to man have a diverse currency, ie any goods are exchanged. These goods can be referred to as money because they meet the criteria of the function of money as a medium of exchange, if we have a handful of wheat then we can exchange it with, for example, rice. The second, these items fulfill the function of unit of account or unit of calculation , the amount of wheat we have can be exchanged willingly willingly with a certain amount of rice, the rice we get is equivalent to the amount of grain we give. Third, fulfill the function of store of value or wealth hoarder; the more wheat we can exchange with more rice now or later.

when fiat was attached to gold. the gold value of fiat was linked to the energy burned by the gold miners
EG
if it cost $1000 to mine gold a gold miner wouldnt sell their gold for less than it cost them to mine it.

since fiat detached from gold. the value of fiat IS linked to the minimum wage labour (calorie burn) of low paid workers
EG
an hours labour is worth £$X. no one would work for less than £$X so  £$X is worth an hours labour

Currency is not a power nor an energy. A currency does not need to have special ability or uses. It is just the medium of exchange. It is not essential to have other uses of a currency. It is the currency that make someone powerful or energetic. Just like oxygen, it doesn't burn but without it, you can't burn.

doesn't make sense. Of course if you use something like money, which is handful when it comes to trade the commodities of different values, you need it to be something that is holding value, which exactly is represented by the labor behind it or the use of it...

"energy" is there to be burnt so that we get some usefulness out of it. we burn fossil fuel to run our cars, heat our homes, cook food, provide electricity and light, ... can you say it is a waste of energy when you drive your car around the block?
in comparison the energy that mining bitcoin uses is providing us with a great useful payment system which is used by millions of people and will be used by billions soon. this means talking about "waste of energy" is a total nonsense in this scenario.

My mind can't absorb what the OP really wants to convey about the wasting of energy in currency. I don't think it has a connection between of it. It is applicable nowadays. We are using energy just to open our reuters and PC because our money is now digital. We consume a lot of energy in mining and trading just for a transaction to accomplish. But I can't see the point of wasting energy using fiat currency. I hope the OP will  elaborate it to us.

Whether it is in a form of fiat or digital, I don't think we are wasting of energy to it. Currency is really helpful in our economy. It helps us to measure the trade either in import or export. Currency serves the treasure of the government and state. It use to give us a fair trading of goods or services. We got a lot of benefits from currency. So, don't underestimate it. Wasting of energy are those people who use it in a non-sense thing such as online games, videoke and etc. just to fill up their leisure time. We can't say it wasting of energy if it really helpful in our society.

Energy and discovering other source is basically and indication of technological advancement so how come crypto currency a waste of energy? is it just from mining? well energy I think is not a problem here for it is a part of our daily life and soon in the future humanity will have a new form of energy that makes nuclear and oil extinct. Currency is a power therefore we can't abolish to use energy to mainten its stability much more on crypto currency.

That is very creative of you. Congratulations but you will need to be better and more objective for being taken seriously. If this is an attempt to create unnecessary FUD, then sorry, try again. If this is a genuine thought then please use better analogies and comparisons.

For example, What the *&#$(insert expletive) is "destructive energy" compared to "Potential Energy"?? This is a pretty silly argument. Quite simply, Bitcoin is a revolution. It allows you to exchange value without going through a trusted third party in a non-physical manner, over long distances without the burden of having to carry it. Just imagine how many highwaymen robberies in medieval England would have been saved if kings didn't have to send bullion with huge armies and knights??!!

That is the power of bitcoin. It has the potential to obviate war. That is why governments and bankers are having such a hard time wrapping their head around it.

In the theory of evolution argues that a change in living things deviates from the initial structure in large quantities and then causes two possibilities. The first is a living thing that changes will be able to survive and not extinct or also called the term progressive evolution. While the second possibility or option is a living thing that changed or evolved failed to survive and eventually extinct or called regressive evolution. Likewise with currency evolution to create stability and keep the economy it is necessary to make the evolution of currency problems what results can all be seen from the money so in my opinion

OP is poorly rephrasing the same old argument about "bitcoin mining power usage" which has became heated for about a year now and it is a pointless argument because it is based on the fact that the starters of this argument think bitcoin is only used on exchanges where people trade it to make money. they do not know or care that bitcoin is a lot more than that, it is giving us a freedom from banks and centralized money.

Money has been a part of human history for almost 3,000 years. From the origins of bartering to modern money. Wearable technology is set to disrupt the world of money once more, as Barclaycard trials a contactless payments wristband.

The longer the human being progressively evolves in making ease in using something and that includes money, and I do not think it's a bad thing to spoil, but it's just a matter of ease.

agree with the guys! bitcoin is the future and a new era of currencies! in the beginning was barter, then there were gold and silver coins, after appeared paper money! Paper money replaced the maps of the visas and the master cards! and now a new era of money has come - they are called coins of the crypto world! and bitcoin is at the head of all coins!

You are correct to the some point that the energy consumption is enormous and this raises the sustainability issues. However, be informed that researchers are putting constant effort to find a way.

currencies are just a tool or medium. this should not created from energy on the first place.
if cryptocurrencies not created by energy, it is good. because the we can use the energy for other purpose, not for creating currencies.

Currency is a tool or medium for exchange and of course we know that it will also inspire experts to create an exchange of medium development from time to time with the existing energy Adjusting the circumstances and conditions ...

there is always an evolution in the life of human civilization from time to time but the question is whether man is ready to accept the change.
talk about cryptocurrency and the most popular is Bitcoin.
The limited number of Bitcoin 21 million worldwide and not all have been successfully mined so that Bitcoin's price depends on supply-demand based on the amount of Bitcoin in circulation. Different from banks that record bookkeeping using ledger, the ownership of cryptocurrency is recorded in the Blockchain system that records the codes known as Hash from the initial owner to the last possession when Bitcoin is traded, so it can be concluded that Blockchain is what keeps Bitcoin safe from threats hacker.
 I conclude that what will happen in the future should also have adjustments from Crypto itself.

thousands of years ago, in fact most likely began almost simultaneously with human civilization.
The system of currency or money has undergone evolution, change of form both physically and conceptually from the beginning to the present, as described in the following points:
Barter system.
 The system of gold and silver coins as money.
Circulation of evidence of gold deposit as "banknotes" in place of gold and silver coins.
The banknote system, the result of a mutation from the proof-of-custody paper that the ruler specifies as money.
Electronic bookkeeping transaction system (cashless / electronic money).
Electronic bookkeeping systems deliver, exchange systems or transactions to a remarkable breakthrough of flexibility, speed, security, data accuracy and open a new era of transactions.

People need currency. Without currency people would simply exchange things or services without knowing a certain value.
Therefore, the currency, whatever it was, is necessary for people. It is a universal tool that makes our life easier.

I think it is meant to be non sense. Or not. ;D

You a human being questioning the consumption of energy when you or we are the ones who mostly use it while destroying this world little by little.

Where are tou really going here? You are an environmentalist now? Economic specialist?

You want to trade energy and the one with the most should be more valuable? Well bitcoin mining consumes electricity so we can say it came out from a lot of energy.

the more advanced and modern Human development then it takes a faster and more efficient transactions and the business world because that's the transaction of money and goods more quickly.
Barter
the first financial system is to barter, ie trade goods or services for other goods or services. For example a farmer needs clothing, he can exchange rice that he has with clothes.
Fractional reserve receipt money
Over time the Bank's safe became full of commodities. The swords are more comfortable in claiming, and rarely use their silver gold commodities stored in the Bank. Then came the idea to make a claim check (money receipt) which then loaned. When someone needs a loan, the bank makes another claim check along with the interest. Banks do not need their own money to make money.

Agree on that.

yes, not by the way to destroy, because crypto does not have a destructive character. even because of the excessive amount of crypto, so that negative values are not appropriate if applied to the crypto world.

but I think crypto must also maintain its good potential by always updating the system and also always innovate to adjust the condition today, otherwise the crypto world will also be replaced with other transaction tools.

I think the more technological and advancement of the era is also affecting the change of a system may also be to guidelines for the development of bitcoin today people increasingly want a fast paced practical and does not take long

The world is evolving and if we do not go with the flow we will be left behind and suffer in poverty and hunger. Poverty levels are now very high across the world and lands are owned by millionaires and poor citizens live on the slums. Agricultural areas were now converted to agro-industrial lands and that is why barter trade is no longer useful today since not all people does have a land to cultivate. So today if we do not join with cryptocurrency and buy some bitcoins we will be blaming ourselves in the future as to why we does not join in this new currency.

Evidently, currencies are evolving with the growth of world progress. I think that very soon the crypto currency will replace the fiat money forever.

Simply, you can use a digital currency to buy an item or buy food and then you can use the two as energy.
It's called taking advantage of the situation and conditions that exist

money had evolved already like OP said. the change is inevitable and if you will be left behind in this digital world its like losing money. don't waste your energy thinking of that argument that isn't going to be applicable in this era. jump in because the blockchain is here to stay. forget arguing, that's not going to get you somewhere.  ;D

change gradually, in terms of value, physical form and the development of currency types. From time to time the currency has evolved. the more sophisticated and modern human technology then it is necessary how to transact the right and efficient

In my personal opinion, electronic money will hardly be able to become the official currency of the world. They have many weaknesses for the user, and are very dangerous at their cost. Someone who is not careful will easily lose money electronically because of hackers. So I think people will oppose the cancellation of cash and accept electronic money.

If you're that really into fair exchanges of energy then go back to the stone ages or wait for a meteor to hit earth. We are in the electronic age now so you need to accept that we need an efficient currency online to trade with.

currencies will change the world. they make it better, green, comfortable. help us easy life

Ofcourse they dont need to make their own money, it is the problem of the state to make money for their citizen. Money has no value unless someone wants in exchange of a commodity or service. It is invented to make the transaction much easier because on barter, they can't stabilize the price or value of certain commodity or service.

Paper bills and metal coins are also energy absorbing and not environment friendly, you need raw materials like paper, cotton, ink, gold, silver. Then you have to produce and transport. Gold mining is very hard and not environment friendly, nowadays the whole rain forest in South America is destructed because gold digging.
So, it's not just mining cryptocurrencies that is energy absorbing.

I dont understand your discussion.
but in human civilization there will of course be many developments and revolutions to create all new things. therefore, whatever you say the facts will not change anything that has happened to this world especially in the crypto industry. now you are using the internet for everything you want and crypto is part of the invention of digital technology.

Cryptocurrency exists now as a means of exchange and a means of payment. Why burn it or eat it? With it, you can pay for any product or service. Its production does not require huge expenditures for gold mining or for the production of Fiat money. Cryptocurrency does not wear out and does not require additional funds for recovery.It is not tied to gold as well as the dollar. The dollar is tied to GDP.Perhaps this can be called the evolution of money. When compared with the fact that in ancient times a means of payment existed in the sheaves of hay.

Money isn't everything — but it's something we can't do without.

Has money existed in today's paper currency form since it came into use? No. It has gone through a long evolution since its inception. Before money came into existence, as early as 6000 B.C., Mesopotamian tribes bartered goods — meaning they were exchanged. You pay for eggs with a measure of grain, if you have a surplus of the latter.

The Chinese are credited with the introduction of a primitive bronze form of coins as a medium of exchange in 1,100 B.C. The first minted coins, however, were made in Lydia, which is western Turkey today. These coins were made from a naturally occurring gold and silver mixture called electrum, and had images that served as denominations.

The Chinese were once again the innovators as money went through the next stage in its evolutionary process. They began using folding money during the reign of the Tang dynasty — 618 A.D.-907 A.D. — in the form of privately issued bills of credit or exchange notes, according to Time.

Europeans, who began colonizing territories, were merrily using coins long after that, as they found it viable to mint coins using the precious metals acquired from their colonies.

See Also: Is Bitcoin A New Asset Class Or The Next Great Market Bubble?

of course, I believe that the evolution of electronic money more and better it changed the world, by the time the electronic money developed, modern and sophisticated technology, more and more users demand more more utility, in the payment transactions online so I think that in the future people will accept the electronic money.

Currencies will always be currency. Although time could past by and differ its principles but in terms of its definition it wil probably be as is. As a lot of things could probably change knowing that change is the only one that is constant, paradox but true and somehow continuong to be what it is. This is why some definitions stated where just in addition to what was the usual things about currency that we do know.

I do not understand what you mean by energy, but I know the currency is used for trading tools in trade, if you mean the trade revolution from barter, paper money even now crypto money, it's just a journey of change that everyone hopes life is all better and easier, of course, it's a natural thing that flows with the advancement of the times and the way people think

 "It's a wonderful evolution going on and it's not possible to stop it." We started with barter, gold and silver, paper money and plastic cards. And now we are on the threshold of a completely new era - the era of crypto currency.

yes, and this evolution is supported by human nature that is never satisfied, bored, and even saturated. then making humans have the power to create new innovations, such as currency.

I think that bitcoin is not the end of currency evolution. and I believe that in the future there will also emerge new currency systems, and even become bitcoin rivals.

today we have not thought deeper.

Great evolution, I would say

Yes quite an interesting idea. My personal opinion is that Yes, the bitcoin will evolve. Because now the 21st century is the age of technology and I think soon the whole world will come to a new level.

If we look closer to cerrency history we can see that people were using shells)) so from shell to virtual money - that's impressive!

Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters.

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Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters.
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Barter system is good, but what somebody does not produce anything - he wold die, I guess.

Destruction is not the right word but consumed. It just like oil that is needed to run a car. Coal power plants and electricity are the main source energy to run mining rigs which is just normal for people to use because it is our resources.

In my opinion, the historical revolution called bitcoin has changed the concept and definition of currency in the world. Indeed, in terms of digital money, bitcoin and crypto are bringing the ability to promote global growth in new currency with more advanced features. Decentralization and peer. It may be too early to assert a stable and sustainable foundation of the blockchain industry relative to its value and there are many challenges that need to be overcome and balanced. But I believe, the birth of bitcoin is bringing about great changes in the nature of people and their lives.

Currency is only a means of exchange

Earlier the mode of buying and selling of goods was barter system where they have to exchange goods in exchange of goods then comes the taking gold in exchange of goods , it was a kind of investment also that one you take gold in exchange of your goods , you could save it for future use till the valuation of gold increases then you can earn the profit also in this mode of payment but as the time passes, the payment system becomes very convenient and easy and now people take money or currency for buying or selling things , this is the best method I guess but there is no flow of energy in this method

From where you think bitcoin is the destruction of energy ? Its a digital currency and there's nothing required to start with it. Its not destroying the economy. Its a powerful currency which help us to improve our life.  i am student and bitcoin always helps me to pay my dues, Internet bill, Food and everything that required to live in hostel. Do you think its destruction of energy?

You're totally wrong that its a energy and help people for self destruction  ???

Actually currency represent wealth. It's hard to imagine without it, currency evolved from barter, to bartering with set medium of exchange. This trend seem set to continue and it is not unreasonable to assume that eventually physical money will be replaced entirely with electronic currency.

,well we cannot blame them. Some people misunderstood the concept of innovation, and what we are doing right now is innovation. Do you mean destructing the potential energy? Well as far as i know some scientist are finding a potential way to create unlimited source of energy that could last a lifetime, there are no negative effects just pure energy and if it is successful you will no longer have to pay for your electric bills, and what's next to that? Of course they will tend to find an easier solution to our most common problems.

Now in this world everything changing so fast. In this last century we saw many evolution in every sectors of our life. So in currency's many changes comes. Now we know about the digital currencies. Cryptocurrency not only changed the look of currency but also made it more profitable. We don't need to keep it in home or bank locker now. It is now all about multimedia.

I think OP is missing the whole point of a monetary system. The point is to facilitate transactions, making sure they are easy to perform but still very secure so that you can't be ripped of. That's the reason gold got popular, and then fiat got even more popular, because it was much easier to carry around than gold, and banks got in the middle of it to make sure everything is secure.

With bitcoin, we actually get the scarcity of gold back to our lives, and we get easier and even more secure transaction than fiat, and we don't even need a middle man to make that happen for us.

So from this point of view, I would say evolution is playing it's role nicely.

it just makes sense that we're not utilizing the used energy anymore as money, why was it good? We can easily have systems representing the value of goods separately from energy storage...

Talks on whether the paper money could be supplanted have began to surface as digital currencies gain popularity. Digital currency or cryptocurrency are limited entries in a database no one can change without fulfilling certain conditions, with cryptography used to secured communications.

Good point, with how bitcoin was created it will evolves and give the currency system to another level, the intentions of being decentralized and not even been controlled by the government is one of its features, bitcoin f being adopted will be a good lift for most developing countries it just not been fully understood that's why its not yet been supported by most countries all over the world, just needed to help this chain being promoted and give positive feedback so people will gather interest using it and let the government recognize its uses.

I got curious when I read the title of this thread I really wanted to know the evolution of money/currency but when I read the post I'm so disappointed. I'm expecting some interesting facts about its origin from bartering goods to now digital age like the evolution of man from homo sapien to the modern age man something like that.



How could you come up with the idea that gold possible to modify will turn to poor energy? What kind of energy are you referring to? Aside from being a precious metallic element used to make pieces of jewelry, gold is a good conductor of heat and electricity - a kind of energy. The qualities of gold make it the top choice in various industries.

A long time ago, The human if needs somethimg, he can exchange his goods with the other goods that he wants. Then the times change, where someone can exchange gold with goods. Then the times change, where the humans can exchange goods with money, etc. The Change must be happen. I am sure that someday, Evolution of currencies will happen. It can be that The human will exchange the goods with crypto currency like bitcoin. And it happened in some countries. It will can be accepted in the world, sooner or later.

The currency has undergone a parallel development with the early mankind's development of the coin-type coin that then became cash-based through the time people used pre-polymer and now has The emergence of digital currency was a natural consequence of the digital age

indeed many opinions about what the currency, if I think personal changes in physical form and value even the system in the development of the currency it depends on the development of the era and technology I think humans want to find something that is fast practical and efficient

bitcoin has an intrinsic value of a person's trust level to bitcoin
so what you say is not that important i guess

From the ancient times, nothing is free, you have to pay something then only you will get something in return, this is the very common rule from the very ancient times but the mode of payment and the evolution of currencies has been occurred and in this flow of energy has been decreased and in today’s mode of payment the follow of energy is just ended. Earlier people use barter system where they exchange goods in exchange of goods then comes the exchange of gold and now money is given in exchange of goods and I think in future bitcoin will be exchanged.

To have digital money as our currency today has undergone a number of creative shifts so that today we can interact with the digital technology as well as the technology. blockchain as today

bitcoin is one proof that money evolved to follow the development of an increasingly advanced and modern human era requires faster and efficient transactions, of course, the main thing for business interests

The "evolution" of currencies and transactions throughout the course of human existence tends towards optimization. The exchange systems (that is to say) become "shells" to standardize and facilitate exchanges. Snail shells are replaced by coins made from precious metals to control supply and ensure better value. Penalties are transferred to check sheets backed by precious metals for convenience. Later, the check sheets were separated from valuable materials and supported by the government to control money supply and inflation easier. Today, checks are used less when the currency is gradually being digitized.
Although barriers still exist at the political level, they are beginning to fail in society. Human effort to connect extends beyond political or organizational relationships; This struggle will promote the current monetary system, which is circulated by political and organizational institutions, to an inflection point where the user must decide whether to continue believing or abandoning it. The latter requires an alternative to move to the next currency system.

Just as human history has evolved, money has evolved from the birth of coins to paper money and, later, polymer money and the pinnacle. The life of bitcoin will mark the modern day digital currency

Let me provide you a timeline about the evolution of money:

Year 10,000 - 3,000 BCE
On this year, people utilized barter exchange wherein they exchange products from people. This was very difficult to maintain as no established value has been set to each commodity, thus making trades relatively unfair to some individuals;

From 7,000 BCE
Cuneiform tablets were published and it has been used as a tool for records and trades among individuals on that year;

600 -1,100 BCE
Gold and silver coins were introduced. This was the first form of currency wherein there has been an established set of value and amount since most of the coins have their innate value (made from precious metals and materials);

Year 1,100 - onwards
Countries utilized paper money as a standard unit of currency for uniformity and established value. The implication is that, there would have been a standard set of currency that would regulate and utilized in order to prevent inflation from happening. Currently, we use our currency to purchase goods/services and the value is dependent upon the gold reserve the country has; and finally

Year 2,000 onwards
The presence of digital money/cryptocurrency is slowly shifting towards the digital age. People are now using credit cards in order to purchase goods online and with the creation of bitcoin (the first ever cryptocurrency), this gave birth to the potential shift of conventional paper money to digitalize currencies once countries would accept its legalization and usage.

I personally believe that the world will slowly transcend and shift towards the digital age wherein individuals would use digital money in order to purchase goods. What made me believe on this idealism is the blockchain technology.

Source: How Money Works: The Facts Visually Explained

this is true, unlike the OP saying that has no basis and only memilikin mindset only.
and clearly we do not need to bring the physical form of money to shop, it denotes digital money makes it easy for us to transact with each other.

Who says crypto can not be used and make money? Instead they take advantage of digital currency technology. And they like it, can be used to buy goods or other needs.

I think sooner or later in future the currencies in the cryptocurrency will be able to achieved a bigger slice of a cake wherein lots of people that are supporting them and still investing to them.

I do side with you that currencies have undergone evolution. However, one can hardly establish a link between currency and energy.The changes seen from the barter system where goods were exchanged for goods till the era of cryptocurrencies are practically base on certain factors:
 divisibility
 equity
 portability
 convenience
Humans actually moved from the barter system to paper money due to the problem of divisibility. People rarely know the quantities of one good in exchange for the other and hence thought of an alternative way to ensure equity. This has however translated to the era where there are a lot of distant transactions and people thinks of digital money to make life easier and faster in the face of technology.

everybody has got there own opinion but Regardless of whether it is in a type of fiat or computerized, I don't think we are squandering of vitality to it. Money is extremely useful in our economy. It encourages us to gauge the exchange either in import or fare. Cash serves the fortune of the administration and state. It use to give us a reasonable exchanging of products or administrations. We got a considerable measure of advantages from money. Along these lines, don't think little of it. Squandering of vitality are those individuals who utilize it in a non-sense thing, for example, web based recreations, videoke and so forth just to top off their relaxation time. We can't state it squandering of vitality on the off chance that it extremely accommodating in our general public

The evolution happen to our currencies in the future are more updating the system, more advanced and modern human development, the transaction more faster than today and help us easily living life. Currency will change our life and world.

if we think about energy today by using crypto is something that people may say is very bad, but nowadays people just want to live easier in doing daily activities.

We have to take energy into account so that we can live better. We may be able to ignore the effects of advanced technology to our mother nature but we can already feel the effects of it nowadays wherein there are more calamities and its effects are more tremendous than years before. On the other note, as currencies are slowly evolving, it does make our daily living more efficient because we can save time by uusing cryptocurrencies instead of physical notes but we wouldn't be able to let go of fiat since not every one can use cryptocurrency due to some limitations.

What kind of currency? digital/national currency if digital currency the evolution appeared by means of internet which is the basis of this currency to evolve and been used as the to transact.

Currencies now was getting to improve,i though it was already changed ,by the use of many token in our daily life,just like here in my country there is aviation that accepted one token that can you use for payment method,so for me its was good enough to have it.

With the information you provide. I also know a bit about the evolution of bitcoin in the cryptocurrency market.
Before, I only knew this market had the potential and forgot that it had such important advances.
Thanks again for sharing your words.