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Heyyy Guys , found this article really interesting :

https://medium.com/@arnoldmuimi/evolution-of-money-ba8609f5f198

What do you think ? This is how money was invented .

Money evolved as the medium of exchange to buy goods and services, before when money doesn't exist they used the barter system. From the origins of bartering to modern money, this is how the system has evolved. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. 

Anything that is easily used as a medium of exchange in settling a trade is called money.  Earlier demanded commodities like salt, rice wheat, weapons, livestock was used as money, it was called barter exchange. After that metallic money like gold, silver, copper come into existence. They were quiet popular. Soon this money was found inconvenient as well as dangerous to carry, so replaced by paper currency. Every country prints its own fiat currency as per their policy; generally these currencies are printed and controlled by the central bank of that country. After economic revolution paper money is accompanies by credit money, plastic money etc. The latest form of Digital money (bitcoin) gets introduced in the year 2009. Purpose of all forms of money is to make the trade simple and easy.

Some Newbies, don't know how to read. The OP didn't ask for a definition.

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This is an interesting article. I'd agree with their statement that the invention of money is really a mental revolution. To create something that doesn't have any tangible value to serve as a utility between a community of people requires a commitment of trust...and at that time would have also required a mental revolution.

Being able to create and use a standard medium of monetary exchange across borders enabled culture and ideas to spread as much as sharing a common language.

The history of money came through as a need for people to add what they want to what to what they need- meaning, people needed to get certain things and no means to get them. For instance, you could have plenty of harvested crops but no means of storage. So, one would trade storage for some of the crops and by this, the trade by barter system evolved.

Thus, the trade by barter system wasn't complete and there  began a kind of money system that wasn't fiat like, cowries were used as money in some continent.

Further to this, there was the need to have a symbol that is general accepted in a geographical area and beyond as money, this was how paper money evolved to my understanding.

This is interesting but I believe it is missing a ton of meat. There are so many different cultures and mediums for money that have been used over the years. From rocks to digital assets. Metals to flowers. Meats and furs. Flour etc etc.

During my bachelor's course I read how money came in to existence. It was created pure out of demand because the barter system was difficult to exchange with and people needed to have a common form of payment method which was served by goldsmiths or someone who holds gold. People accepted their receipts as money.

Money is an exchange that revised every decades and our currency was change every year of it.Its because people tend to replace every fiat money that was old ,the evolution of money starts with the needs of people,before, we use gold to pay everything we needs and  wants ,but now we have a paper money that we use or a cash in our payment system.

Technology makes our live become better and better. We cannot ignore the fact that using bitcoin for international transaction is much better than using the service of remittance agencies such as western union or paypal.

No matter how it was, the era of new money has already come!
And cryptocurrency is what everyone now needs!
Just many politicians, high-ranking officials do not want their money to be visible!
But still ahead))

There is an interesting article on LTB about Bitcoin and Rai Stones where the author calls these stones the primordial Bitcoin. The Island of Yap still uses Rai as their currency and this monetary system solely relies on trust, on oral history of ownership which is clear to everyone without the need to physically transfer or even physically access the Rai, limited and deriving value from its community, quite similar to Bitcoin.

The value of money is definitely built on trust, with the fiat system it's a matter of enforcement/assertion where we are forced to trust them or a sense of trust is build through money creation, debt, and qualitative easing which we have got accustomed to, but with Bitcoin/ Blockchain/cryptos this is changing. With Rai, trust was built by a small community on the basis of culture and oral tradition, but with Bitcoin it’s Blockchain/cryptography/encryption and that too globally.

https://letstalkbitcoin.com/the-island-of-stone-bitcoins

Some people believe that bitcoin is the evolution of fiat money, I think that blockchain technology( the tech that is behind bitcoin) is the evolution of the databases, but bitcoin is not the evolution of money.

Let's go back few yearsm when there were not any money, and people was trading horses and food in exchange of other things, the problem we had is that there is not a big organization that is willing to accept it, and some people found out that they can't pay for everything with the horses/food they had, and either way, it was very hard to determine the price of the product you are trying to exchange, and sometimes you will be finding yourself getting less value.

So fiat was invented, and now it clears for everybody how much money they own, the problem in bitcoin that it's price very volatility and it's very hard to store value in it, as you can later find out that your money worth much less then the amount you stored at the first place.

Money is a fascinating subject, and I'm pretty sure that 99% of population can't give an acceptable answer to the question "What is really money?"
(and of course government profit from this ignorance).
The problem with crypto is that - as a decentralized system - is independent from a central power, and THIS is the real revolution (and I'm very happy to be here making part of it :-) )

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

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

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

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

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

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

Correct because people cannot live in these world without money. That is the reason they keep finding a source of income just to live a happy and comfortable life than suffering from no moeny at all. The real evolution of money has different story that add on. Whatever the story is, we are glad enough that the money of our country is enoough for the needs of people. The evolution of money is a beauty creatures of human kind.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Money has never evolved on its essence, it was always the same, what changed were the technology and the appearances along the centuries. It was always a necessary and useful tool in societies to make people's lives easier and organized, but it's only worthful since the money serve the ideals and not the ideals serve the money. Only this way we can reach the "promised land", as the article says.

Money was changed as soon as fractional banking and a debt based model was implemented.

Once money used only for buying stuffs and other things that people needed.But then, its uses continues to evolved and develop, and now it can be used in different ways and not only to buy things but also as a payment for services.The evolution of money and its uses continues.

The ability to save and accumulate a transferable medium of exchange for our labor and creativity has made those qualities selected for among humans. Without money it is unlikely there would exist hospitals, universities, highways, the internet and most of the modern world. Despite the bitching from Luddites, the modern world is unmistakably far preferable to the primitive squalor most human lived short miserable lives in up until the 20th century

Interesting thing is to see, what will happen in a future of money evolution, heh. Now here we are with an electronic money and a birth of cryptocurrencies!

Interesting! I have observed that when it comes to explaining Bitcoin and blockchain technology to anyone, we have to tell people the basics of money and how it works. This is shocking that most of the people believe that they own their money and they have the sole control of their wealth in fiat. It takes almost an hour to explain a noob from the basic and explaining how decentralization can bring the transformation in every sector including the financial sector.

In This Century No One can not  Think without money.It is Essential For Us.Anything is used as a medium of Exchange that is called money.For the beginning of money In Our living hood, It Uses many things like a medium.They change rice to pulse and slowly they make coin.After all Technology Changes our life now we Use Cryptocurrency in our daily life.

Perhaps this is only in individual countries have the opportunity to use the crypto currency in everyday life. Although if the question is interpreted differently, then I also use the money obtained with the help of crypto currency, almost every day.

Money is evolving with the passage of time as we are going and shifting to the modern world. Back in 18th century and 17th century the physical appearance of money were limited to coins that can be touched and were valuable. Slowly the money started evolving with the passage of time when governments start a systematic change and fiat currency started. Now in modern ages we are looking at digital currency that is the most valuable in the markets. Bitcoin is an example to the evolution.

the changing times have taken place. bitcoin and crypto is an evolutionary form of fiat currency. and this does not mean 1: 1. crypto currency proven to turn on many fields. such as companies that adopt bitcoin so as to facilitate the payment system to be done. I do not guarantee if bitcoin will replace the fiat. but I believe bitcoin will be one of the impetus for us to move into the digital world and begin to evolve and change the views and ways of thinking

right now money has evolve into something new like in a digital currency which we know that is applied in many store online and money become a new function that we could use to buy for something. we deposit some money into our account in that store online so we can buy any product in that store. in the beginning, money is a way to accommodate between buyer and seller to get the stuff and with some communicate, they are agree with the price and the buyer give the money to the seller.

I have always wondered what will happen if there was nothing like money and nobody is getting paid for what they do. But I think if there is no money people will be very lazy and wouldn’t do anything help others or their community. Yep, that’s the truth. Most people are very selfish and they wouldn’t mind to do anything, most people would just be minding their own business and doing things in favor of themselves. Only a few would be helping out and working hard to help others and their community.

Before money existed, barter was the way to purchase goods and services. Money evolved as the medium of exchange to buy goods and services. Even before Christ, money already existed. Now, bitcoin is the most recent evolution of money.

Evolution Money means when and where money started or invented or even dicovered?
This topic composed of different questions that a mind can have. People says you can't buy your happiness, but financial security is among most people top career priorities. Moreover, when people are asked what would most improve the quality of their lives, the most common answer is more money, something that satisfy someone's needs and wants. Money existed from the beginning up to the end of this world. Particularly money started from a single trading up to bank transacting. Money existed from the start, make used to survive by buying foods to eat, shelter to live and clothes to wear. We don't need to know where and when this started because we will never know where and when it will end. Bitcoin is part of the money existed in this world for it can be used to transact and satisfy one's need and want.

I like this word 'money is a human creation that we can rewrite to our own demand' good articles and I think it's worth reading by everyone. Which I understand from this article money is everything to human beings. With money we can do whatever we want. With the development of our times will find a solution to simplify everything we need, see the development of money in this article from coin to paper money makes me sure will come a time where humans prefer to use digital money than paper money. All we know, the value of paper currency is determined by the government, we as users are limited to use only. However in cryptocurrency all currencies are determined by the user itself, no one can intervene in the change of price.

For me Money was capitalized and controlled with everything.And with the help of crypto currency we can considered it as the most powerful rotation to be conducted as a great financial stability.

the first payment instrument used is a barter system payment tool. Where at that time the trade by exchanging the worth for example rice, vegetables and grains. Then there is gold and then proceeded by fiat currency which is governed by the government in a country. Now this bitcoin appears that the purpose of making it easier to serve as a means of payment

Yeah interesting article about the evolution of money and it helps us understand why and how it works and survive and what is more interesting is that we are now nearly in a cashless society where cryptocurrency has big role on this. I am very happy as I am part of the cryptocurrency evolution where it can possibly give us financial freedom unlike the precious metals and fiat money we are from since birth. That is why government must not judge cryptocurrency as a tool to do something bad because precious metals and fiat money has long been used in wars, assasination, drugs, fraud, laundering and any illegal activities thousands of years ago before Bitcoin was created.

Money evolved as an medium of exchange. In the early days valuable metals were exchanged for products, and later on the system changed with the monetary system with backing of different valuables. Particularly gold gained universal importance as an backing asset. Now the advancement has lead bitcoin to be backed by technology.

I know the money was evolved from the former times until now had only in the form of metal bronze to do the transaction or even with do bartering, while the developing his times then started using gold and now paper money a variety of the value of her and then the digital like bitcoin or digital currency another her, this I think is belong to evolution of money

In ancient times people made transactions using valuables such as gold, metal, and others. After that, present the currency that we now know with paper currency (USD, EUR, CNY, and so on). Every age of the means of transactions used by humans has always evolved and they do not reject the evolution of transactions that occur. Different from bitcoin, there is a lot of rejection of this digital asset that is staying digadang as digital currency. Their fear is too much.

money is the medium of exchange for goods
the history of money was started by trade by barter which means exchange of goods for goods then someone may have gold, silver and may in need of food he will exchange what he have with what he need..

Wow, what an excellent thread and a spot on article. Where would the human race be as of today without use and means of money? Does money really build nations from the ground up? It appears that we are in the age of digital dynamics. Everything is becoming virtualized, even our good old money. Blockchain will pave the way, more innovation will come soon!

What are you thinking, that everything will change electronically or what? Stop deceiving yourself please, such thing is never gonna happen. That you invested all your money into cryptocurrency doesn’t mean we will do the same thing with you. Cryptocurrency is never going to replace anything, it’s just an asset and is only for investment. If that was possible Gold would have been used or something. You can’t do away with physical money, they will never go away. Banks already introduced ways to use your money electronically with the help of your mobile devices or computers.

COMMODITY theory asserts that money has evolved spontaneously from one of the useful commodities through a long process of barter exchanges, and CARTAL theory argues that money was introduced by a communal agreement or political decree or legislative action that is external to the exchange process. whatever is the case people at some point in time came together and agree for a means of exchange.

In my opinion, cryptocurrencies are very likely to become our future. And it depends on us whether it will happen or not.

Money has discovered and made for them to easily determine the value of it since after sometimes gold and silver coins that were used in the past era is now added by some minerals and some coins are not pure gold and silver anymore, this incident is often caused travel to merchant who doesn't have enough talent to determine the pure one, so as the problem arises, paper money was discovered.

Ofcourse money is evolving and changing because it is the only permanent thing in this world. As long as competition is present in monetary aspect, there are many that will evolve and surpass the other.

Sadly, Bitcoin is not used as a currency nor money since it is mostly used as an asset, an investment to gain a good profit in the future when it has a good price. But I can see that the future money will be followed to the efficiency and some ideas of Bitcoin, well we are talking about the future here where everything is fast and really efficient. I hope.

The more advanced and modern human development requires faster and more efficient transactions and the business world because that is the money and goods transactions more quickly. Money that evolved from simple money evolves into today's digital money that makes people transact easier and faster.

I think every country prints its own fiat currency according to their policies; generally this currency is printed and controlled by the country's central bank. After the economic revolution paper money was accompanied by credit, plastic money, etc. The latest form of digital money (bitcoin) was introduced in 2009. The purpose of all forms of money is to make trading simple and easy.
Anything that is easy to use as a medium of exchange in finishing a trade is called money. Commodities previously demanded such as salt, wheat rice, weapons, livestock are used as money, they are called barter exchanges. After that coins like gold, silver, copper became there. They are very popular. Soon this money was found uncomfortable and dangerous to carry, so it was replaced with paper currency.

Thanks, I consider the information in the mentioned article really interesting. I think that nowadays, btc is an example of evolution and it has a great potential to develop in the future and change the whole system we have now

In my own opinion, the money today is the cryptocurrency and if most of the people will use bitcoins over fiat then there is no doubt that cryptocurrency will be the number one currency on the entire nation.

It's a pretty interesting read.

I think that bitcoin can actually be compared to older forms of money, which are more proven store of values. For instance, gold or silver. These have no central authority issuing them, and there were physical limits as to how much of them can be mined. This is why they are able to store their value over the long run.

Fiat currency doesn't have that property, it is controlled by a central entity, and can lose value over the long term or even become completely worthless.

I feel like bitcoin is simply the next stage in the evolution of money, it's a more convenient, divisible, transportable form of gold, with a completely transparent supply. It's the best we've got currently.

For me money is invented to controlled everything we know How powerful the words money.  It can do anything this is the power of money. And nowadays  with the help of crypto currency we can considered it as the most powerful rotation to be conducted as a great financial stability.

the balance sheet of the currency economy has been determined by many government policies and interventions, if that does not happen then the economy will be controlled by many uncontrolled economic mafia. I'm a bit skeptical of the bitcoin for this where nobody can strongly regulate it, in the future many bag holders are greedy and able to destabilize economic inflation at any time, this is a warning to think about from now on because bitcoin also moves wild and unstoppable.

yes money is a means of exchange used in the trade in goods and services. every country has its own currency and printed limited to regulate its economy lane.

i think not yet for now, not many governments from around the world legalize cryptocurrency, this is what makes its development hampered, because there are still few users, but i am sure will be used by many people later, because the development of technology can not be avoided

yes, the government is not ready to do this and they still prefer to use fiat than using cryptocurrency but once they are accepting cryptocurrency in their system, then I think the evolution of money will begin and soon fiat will not be used as the payment system and it's replaced with cryptocurrency. and I think this will not happen in the short time because there are a lot of things that need to set it up and besides that, the cryptocurrency technology is still developed and try to grow in many things.

Money have evolved great and I think that we are just ready to continue that evolution and proceed into Cryptocurrencies era

I Think fiat money don't gone in the future. Maybe in some period they are will not be popular, that`s more true! Fiat it`s important in small business and small casts people.

This article is very deep, the money is actually a way of exchange, from the early use of shell exchange goods has not changed, maybe now a new way of exchange has quietly arrived, that is, no cash society. In this way, encrypted currencies may help everyone enter the cashless payment quickly.

I agree with that, if that happens the economical stabilization of a certain country affects all source of income and trading possibilities on other countries partnered by it, all will be lost if greedy people take over evolution of money depends on how we develop the system of currencies, the value of every currency.

Money changed and new innovations will come, the money changes with the passage of time and we have seen this in practical. The modern market is of crypto market and the perception or tradition has been finished, the physical money is now looking as 2nd priority and the 1st priority is now of Bitcoin and other cryptocurrencies. This modern currency gives us huge profit and this evolution has great importance near people.

Money evolved as a medium of exchange for buying goods and services, formerly when money did not exist they used a barter system. From the origins of barter to modern money, this is how the system evolves.

you have know the progress of the clock of the numbers, starting on the current process to the last value of the 2008 of the 2008 of the year of the 2008 bitcoin name and time of the following they have been upgraded and for more many many life

from time to time money changes slowly from the physical form, design, exchange rates and materials.uang used as a legal means of payment issued by the state

Money evolved as an exchangeable asset, and the same led to the usage of money on different transaction needs. It can be of product based, service based or something related to business. Bitcoin too had the same flow, but it got existed as a value storage token which further got transformed similar to the money.

Before there is no money,it only evolves to barter goods,fruits and livestock supplies in exchange with rice in our country.After that gold become a part of trading in exchange with goods,foods etc. And as we go through times fiat currencies exist we used to buy anything anywhere,everywhere.Then next was the automated machine or ATM,we can used it in any transactions and buying goods,and now we came to this digital stage the existence of cryptocurrencies that was so easy to use and  very convenience,with just few clicks on your cellular phones it was done.This was the evolution of money since then.

Bitcoin is undoubtedly a big step in the development of currency, I hope in the next few years we will be able to freely use bitcoin and crypto currency in general around the world.

Money, as we know it today, is the result of a long process.  At first, there is a system called barter system in our history which is a process of exchanging merchandise into merchandise. Many years later, everything changes and the concept of coins as a money became known. This is use to give the certain merchandise a value. It is followed by the paper money which we are all using in our present time and it is followed by the checks. Due to the advancement of the technology nowadays, most of us have the concept of digital money although, some who are not exposed to technology may not know it. We don't know what will happened to our present money in our future due to these technologies but, one thing is certain and that is there will be a changes.

OP doesn't need your explanation nigga. Try to read the article He just shared it for some common reason and he just want some opinions on it not an explanation to money itself. Noobs are noobs they say, I guess its definitely true.
And by the way, I think cryptocurrencies wouldn't be considered with the same traits as money before and now. The fact that it is also a money but on a digital preferences governments will not be satisfied with it.

Usually the theme about the history of money is described in any good and comprehensive economic book but actually there are not so much people who read the similar books and know the history of money so it is nice that somebody have written the brief article which decribes and explains this theme in a simple way. I consider that it is very useful information for every trader to know about the money history.

That article forgot about metal that has been also used during ancient times.

But to rate that article it only shows on how we are changing the point of view about money and I agreed with what it says about money is build on trust.

It is very good to understand how does money was invented and how is gone through all that processes of developing and evolving, so that we can understand more, that cryptocurrency is the future of our.

Monetary unit has definitely evolved from bartering physically to technological stuff. And it has made our lives easier without a doubt, especially international transactions. I can actually say that we're on our way to the future, because cryptocurrency is the future of money.

Money is the most important invention of modern times, It has undergone a long process of historical evolution, Human beings passed through a stage when money was not in use and goods were exchanged directly for one another, Such exchange of goods for goods was called barter exchange, The inconvenience and drawbacks of barter led to the gradual use of a medium of exchange.

It is true that many things were used as a medium of exchange but it was not until coinage was invented that we got money, before you needed to look at the quality of the metals and most of the time the precious metals were in odd forms, coinage solved those issues and made exchanges easier, that was the first time we actually got money but fiat is not money even if governments want you to accept it as such since it does not fit the full definition of money.

That is how it looks. Bitcoin has great potential and this is the latest step in the evolution of money after e-money. There are still some countries across the world that have not recognized Bitcoin but soon it will change as well because you have to stay and go step by step with the world and changing market condition because if you do not do it, you actually chose to lag behind. So hopefully in the next few years or decades, we would have a very different system based on Bitcoin.

In today's there is no room for being permanent,cause everything change, everything innovates, and everything evolve, like for the money, in the past decades our ancestors used anything that can be use in exchange of goods and services. But because of wide imagination and  intellectual people they discovered and create a paper money to make this kind nd of exchange before become easy and simple.

in the future, bitcoin can become a very important role in the evolution of the next money. when we see the development of money from ancient times, until now that is only in the form of paper, bitcoin can be the next evolution along with technological sophistication. namely money or gold that is digital and can be traded, namely bitcoin.

Yes i do agree on that, there are a lot of people right now who are interested on cryptocurrency and that is the reason why bitcoins will have a big role in the future in terms of economic growth of every country.

From the pile of cash can become dance figures. That shows the evolution of money is becoming more modern and simplified. Easy to use and fast payment method.

As the years goes by a lot of inventions also succeeded its because of the evolution. Like today the digital money currency was created. And a lot of people are liked to use this new money currency. Because for them they are feel safe and very convenient to use as investment and payments purposes.

In the ancient history people buy goods in exchange of another goods. But since the value of the goods are in need to be given an equal value, they made used of gold and silver and created coins usingbiy. And dating back King Darius of Lydian empire is the first to use coin in trading.

Yeah thats right the new evolution of money is the digital currency  it less hussle and you dont have to afraid to carry this money. and a simple click you can also buy for goods and even pay your utility bills. Digital money is really make our currencies more flexibility and hussle free. But i think the evolution of money is not end on digital money maybe this evolution is start on his journey for more opportunity for our world iknow someday it change the world the way how we use money from basic goods to metalic to paper money and to digital currencies.

Interesting article for this forum. As thr evolution happening in the new era, we may take a look back on the origin of money. Maybe without this, blockchain industry will not be born. Its like, we should know our history why we have our independence so we can appreciate our freedom. Just like to the history of money. With this revolutionize waybof using money, the equality of exchanging goods are now very reasonable. In this way, we can treat new way of paying is a good fruit of it.

now it's all digital, with crypto bitcoin or altcoin currency in my opinion is an evolution of technology, and not cheap costs incurred to make fiat currency, with bitcoin I think we are more economical in production

Evaluation for the payment instrument is absolute because the user, human, will try to find the best payment instrument, safe and profitable and this does not rule out the possibility that crypto will become part of it.

This is really a very interesting article. Money is really an essential for humanity to quantify the wealth of each and every country.
I was quite excited reading this article and it gave me a new knowledge. ;D

yeah there is an evolution of money and i think only dollars has been stable when it comes to its design and purpose and it is the opposite of other currency like the Philippine PESO which has come to new designs on every president that will going to sit in the position.

Interesting but as always we saw it in school. But the facr of the matter is trust. You, a citizen, trust that a piece of bill olaced in your hand is backed up by the government's treasury and you can in fact, in goodwill, exchange it for goods and services. This is a huge jump from barter system we have before. Now the complicated thing is when you introduce rate of inflation and stuff like that.

Very interesting article, I like the part that says that money wasn't just an invention but was also a mental revolution- how people see value. I likened that to how we currently  see bitcoins and other cryptocurrencies, if there is a mental revolution towards cryptos, we will birth a new system of money

It actually will be more attractive to use cryptos as a payment instrument if the proper framework are in place. The advantages are more than what the current system offers

If all the things will continue to move logically I think that we will face the evolution of money part called cryptocurrency integration. I think this is very possible in the next few years to be reality.

Money can be almost anything, the main requirement is that people have faith in it.  Dollars aren't really backed by anything but the faith of the currency is what keeps it strong.  The more faith people put in bitcoin then it will reach a higher price.  Gold is impractical in modern times because it is a hassle to carry around.

Cryptocurrency is also the evolution of money. In 100 years, our children will talk about it and will remember how bitcoin was formed. Friends, we are in the era of the revival of a new digital currency.

It always amazes me how money have developed on this long path. Also the very concept of money is pretty much complex. And I’m glad we made it to cryptocurrencies.

Money is a subject of study absolutely fascinating, even for the emotional component that you carry with you.
The great novelty of bitcoin concerns the fact that, since it does not need a central authority, it makes the same state concept obsolete.
We'll see how it turns out.

The interesting thing about money is that if you ask people to explain this to you, then realize that only one in a thousand can give you an acceptable explanation.
It is inevitable that then this ignorance creates problems ....

Money has evolved in the strangest ways over the centuries.
Inevitably, with the current speed of change, even money has accelerated, We'll see what happens.

Yes, everything in the universe evolves, or at least changes and adapts to the circumstances.
Money has undergone many changes over the millennia, but the birth of bitcoin - with the relative decentralization of power - is something extremely revolutionary, and the changes it will cause are not yet clear.

This article makes sense. The author has a point. If cryptocurrency will be utilized by people especially the community, no doubt that it will replace fiats. For now, we are still coping in the shadow of crypto, which people are afraid of. But sooner or later it will become the most prominent medium of currency in the world due to its characteristic that fiat currency doesn't have.

the evolution of money seems to be very good and as technology develops this currency can have a form of digital currency that is very useful and safe transactions.

in my opinion, money is a system that has been agreed to be a way to exchange goods, due to the barter system the value of an item is not fixed, but if using money we can determine the value of an item

What a greay article,atleast now i know that paper money was first created and used in 1297 things that gives me no care from the start,but reading this article makes me wonder what made people become greed because of this medium of trading..but happy seeing bitcoin part of the evolution and facing the reality is considering the cryptocurrency also for the future of humanity

This is really interesting about how the evolution of the money in the society; the transformation from the shells to coins, and from coins to paper money.

So, how about the evolution from the paper money to digital currency?

I think this might be possible to the future. There will be lots of the process to probably make it. Research and study will be conducted in order to apply this evolution. When this time comes, digital society will rise and become a culture for the humanity.

Now there are many kinds of money and there are banknotes and digital money. And every money must be based on trust if many people believe in that money, the money will be used more and more, just like digital money (bitcoin) where it wasn’t many people believe in bitcoin and didn’t have a price but now digital money (Bitcoin) has many people using it and the price is very expensive now.

All I read are eventualities in our economic history. Humans thrive on innovations to make our life even better than before. We always move forward else we halt with the past. Now cryptocurrency is still in its early stages and I believe that it is another eventuality that we cannot stop but should learn to embrace.

Money is indeed the major part of the sequence of life in each individuals at this moment. Thus, majority of the people depend on the money about their needs and their dreams. With that, the transformation for money has a great implication for humans such as the change in culture. However, these changes will lead into developmental project by human being.

yes bitcoin is the evolution of money in the future

Everything in the universe changes, but this does not necessarily mean that it "evolves": as Tony Robbins says, change is certain, progress no.
So, we'll see if this change really will bring benefits or it will be a further tool of control by political power.

Bitcoin is certainly an interesting evolution, but more from a financial point of view it is from a political one: if the bitcoin really wins its battle, the biggest changes will be produced on a political, not economic level.

The first part of your post is not exactly right, you can use almost anything as a medium of exchange as long as the other person accepts it but that doesn't makes it money, money has a set of specific characteristics and it wasn't until gold was converted to coins of the same weight and size when we had money for the first time in history, this is why even if people try to say that bitcoin is not money we can show them they are wrong because bitcoins fits all the characteristics that defines money.

I think bitcoin is next evolutions of fiat money. As we look at and traces from the past there is no paper money from the old centuries its only a gold and silver coins and now there's and evolution coming the paper money. And my prediction that bitcoin is the next generation to a future money which is digital money currency.

Well, it's really a cool article makes you realized of evolution and the creation of money.
Surprisingly, paper money seems like created wealth out of nothing, if you think about it, financial institution or central bank reserves the right to create the money based on their assets and liabilities. However, as paper money valuable out of nothing, printing as much money as possible is not a solution to overcome economic problems, because it will lead to inflation, moreover all central banks in each country are subject to World Bank rules. Hence, in this case, the perfect form of money is silver or gold as there is a rule called "pseudo gold".

Its all about money, money is a necessity for all of us, and the growing age of money is changing, so we need to follow in every development, right?

Payment currencies evolve from time to time, starting from the barter era, until they find payment instruments in the form of money. and now the world is starting to develop very rapidly, now is the digital era, but I don't think the world will remove fiat money and replace it with this kind of payment.

I think for fiat money will still be like that. however, digital development of course will continue to be done. even I heard the news, that the making of fiat in digital form is currently being developed by several countries. This might be a development of payment technology that is very fast and can happen anywhere.

The currency was born in order to meet the needs of the trade exchange of human society. Currency is an intermediate object to evaluate a commodity. Food, widgets, gold, silver... is the currency through the development periods of human society. I believe the period of cryptocurrency will come soon.

And trust actually suits for bitcoin. As the article said that " as the value of money was built on trust " and same with how we perceive bitcoin, if we put our trust in bitcoin, what we believe will be worth something even people manipulate this, hence the trust has already built.

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And I'm optimist that digital currency will be list in our history as it revolutionize the paper money, we should be very fortunate to have this first hand.

Everything evolves, but it is said that change is better.
Moreover, the evolution of bitcoin goes to hit power structures that do not want to step aside.
It is necessary to see if the bitcoin really manages to evolve by overcoming these resistances.

Yes, everything has been changing constantly. I can guess that in the future (but not very soon), the main currency will be the digital money used even globally. It can be not Bitcoin but some perfect crypto.

What we are trusting is not just Bitcoin, it is the maths behind Bitcoin. It is the hashing power and decentralized nature of the account keepers. In the long run, I don't see how fiat can be more successful than Bitcoin in the long run.
Keep your satoshis, you never know how much they can be worth in a decades time.

A lot of information on the network, as well as for what money was invented, perhaps the next step in the evolution of money will be a crypto currency, which is now beginning to enter tightly into certain layers of society. You, me and many others in this forum are shaping the future of cryptocurrencies.

They say first there were shells as a means of exchange between people. And then the metal began to be used, and now the crypto currency. Our children will already use these coins often, and grandchildren will be born with this.

Money always evolve. Before money created, people using barter system and its not practice. In internet era right now, people will using digital money and if want to secure our transaction, cryptocurrency needed

I think there are some medium that are missed in this article as far as "money" is concerned. Before money was ever created, trading already exists through various items. Those were the days until money came and now comes an intangible money that would perhaps replace fiat in the coming years.

The "money" in the various forms we know today is only a representation of value, convenient for facilitating exchanges.
What can then take a different form is quite irrelevant, although - in the case of bitcoin - can certainly have consequences at the political level.

Yeah! And money has always been changing form right from the onset, from trade by barter, to cowries, to papers, and now digital. Bitcoin or will I say cryptocurrency is the new level of evolution at this stage in time, and of course since it serves as both currency and can also be placed as an asset due to its deflationary features, I do not see why it would not be a huge necessity in the long run. I believe this would be totally taking out paper currency in the long run since even before now, cashless age already begun.

Exactly! Most of the time from the days of our forefathers, we have seen different strategies being used in exchanging value for something and now paper currency which was the previous will at some point end up going extinct.

Apparently, we all know the world cannot just discard fiat completely and we would still have our centralized world probably on the blockchain eventually, but as it is, we still expect there would be a hand in hand kind of thing as we forge ahead.

this is very interesting, money is an important invention. The history of money came through as a need for people to add what they want to what to what they need. There are so many different cultures and mediums for money that have been used over the years. Your post make me have more knowledge about the history of the money, Thank alot.

Fiat money has some advantages over gold and silver, one of the first things that was noticed in the past was that if you wanted to buy something you needed to bring great quantities of gold and many probably do not know this but carrying large quantities of gold and silver was a heavy burden in the ancient world and in that way using fiat currency was more practical but as we know governments have abused fiat currency for too long and we simply do not trust them to stop printing fiat, that is why I trust in bitcoin a lot more than in the fiat printed by governments.

There are lots of things that can be referred to as money, whatever you can use in exchange for goods and services is money. The first system of money was the trade by barter system which is a way of exchanging what we have for another that we do not have.

After that people moved to other systems like Gold, Silver, cowries and a lot of them including precious stones. The paper money was started by banks and it has taken over to become the main system

Brief and informative. It is true that we've come so far as to the progress of our money but the main thing is we can still be better. Blockchains are just the beginning of it. We can see and make and develop a better currency to exchange products and services with in the future. I just hope people will have an open mind when it comes to change.

Money has evolved as a medium of exchange to pay for goods/services. And now a lot of money has been made even various online stores also have their own deposit of money so the transactions will be faster and easier. The article is very good telling us about money revolution from ancient times to the present

interesting article, Let's wait for the next 5-10 years to see broader forms of utilization of this blockchain technology, which I believe will be the ubiquity platform for electronic transactions in the future. The emergence of this cryptocurrency will result in various changes in society. This cryptocurrency will bring a thorough change.

evolution of money I think this world currency from antiquity in ancient times until now this currency has evolved very much, from physical form to digital form as it is today and this is a very good digital currency development.

What i know in money evolution is that it started with Bartering, then gold and minerals, it came the fiat money now towards digital money. No matter how it started the important is now how are we going about it? How are we preparing ourselves to new technology and digital money?

And now, money evolve to digital money, and we see that there is any application or software that install in our phone so we can pay something we buy. And soon, when cryptocurrency is approved in all countries and available to every people, we can use cryptocurrency too because cryptocurrency is part of the digital currency. When the new technology invented, there will be a way to use the technology and makes our life better.

This is definitely a trend, and no cash is the future. Future money will be defined as numbers. It has nothing to do with paper. The era of numbers and entities is coming soon.

maybe bitcoin is change of that era for the future. of course, slowly many governments accept it, and if all over the world has recognized it, i think change in that means of payment will occur

The creation of money differs for every generation, as technology is evolving and development is ongoing this calls for the digital currency where you wont need to use fiat but an invisible or online money, This might take a while before it can be accepted globally as there are limitations to digital currency.

I guess we are all prepared to what may happen in the future. The past will always be remembered as it is and people will always learn to what is the importance of the past. Value of items and products in the past are hard to consider since they are all just trading each other things that is well, valuable but it's value is not really the same as it is now. Nowadays, artifacts are being valued so much it will cost you your whole life. I guess in the past and what it is now, the only thing that changed is the value of things, if you will be thinking of it, even a simple thing has a great value and people are paying for it.

Well it is a good to know article about money. I just think that it is kind of cyclic how the economy works ehen currency is involved. I thinl crypto currency is the next evolution of currencies and i hope we don't have to resort to Fiat or worse yet, bartering off goods in exchange fornother goods or services.

This is not even something to be thinking about, every system of government admits that blockchain is the future and even though they may have some problem with decentralization, there is just nothing they can simply do about it at the moment and that is a good thing as far as I am concerned.

Money has changed over the years and now we are fortunate to be experiencing a different change entirely. Changes are not bound to occur immediately as it is gradual and some generation may completely have to pass away, but one way or the other, the change is here and we know in the future, things would really come into effect more than we have now.

Yes it is. Money continuously evolved as per what the people needed. It seems that it is borm to serve people. And as of today we can see it. That no matter what, people are in deep need of it and money cannot live without people. But then as we look further to the future, there is a possibility that bitcoin will be the future of the medium of transactions.

that's right, right now human beings are increasingly developing and demanding everything more simple, just as money which is currently human beings prefer to use digital money rather than physical money, because it is easier to carry and very efficient to use

I think the article you linked is pretty basic. There are a lot to say about the history of money, how and why did money appeared. I think this post by Nick Szabo it's better in explaining money and their relationship with blockchains and cryptocurrencies: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html (http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html)

This is actually the future and there is definitely no doubt about it. We have seen the way things have panned out since the beginning of crypto sphere and we surely have in mind what would become of the future as all things being equal.

Looking from way back of our ancestors, the way they spend, transact, we will know that evolution is something that is inevitable, and it will definitely come one way or the other. Now, we are seeing it on a different light and with the way things are going, this is a new form of money that will be replacing the paper currency in the long run and who even knows what tomorrow may be holding?

well, I think it's clear, from exchanging, and being gold and silver, after that it becomes paper money, and now digital money is starting to emerge. well, but for now, digital money is still being measured based on banknotes, and paper money, still measured based on intrinsic value, namely gold and silver. I think this will continue to grow.

it was taught in schools, from rocks and shiny metals from livestocks to rootcrops are once used to purchase goods and now comes the new digital money that can be used online, bitcoin and other cryptocurrencies, actually they are just one of the innovated form or medium of buying stuffs, money has evolved and deemed precious in any form, anything with value can be considered as money, investment and valuable possession, what's unique about crypto, is the range of its value and price that is dependent on the demand.

I think that cryptocurrencies are a kind of evolutionary stage in the development and formation of the economy of the future.

shell >> salt >> beads >> precious metals >> paper money >> crypto >> ??

From buy and sell, gold, money and into digital currency we can definitely tell how far the evolution of money as being the medium to have the things you want to have. Soon, as digital currency will  be used and replace money, a cashless society is expected to happen.

money was originally designed as a replacement for values, but later this goal was distorted and now we see the current money. cryptocurrency came to replace gold

Yeah, and so far we have moved past that gradually and now in the digital money age and even within the digital money ecosystem we keep seeing changes as we started seeing a lot of countries go cashless even though the digital notes are tied with physical and now we are having cryptocurrency which certainly is what I refer to as the new age and the future of money and payment.

We may not be there yet, but we are definitely getting there and I really do not see anything stopping us, which over time, we will get to see improvements in technology and even newer ways of doing things.

I'll tell you more - not only shells were used as money, but also salt and spices as these were limited resources.
The so-called "salt riot" in Moscow in 1648 started because the government replaced several taxes with a universal salt tax.
So money is something that is given a certain value by people, and this is clearly evident in terms of crypto.

That is a progress which has no end. Money was created to make easier trade because  people needed to have a common form of payment method. Digital Money is the latest form of it and the era of new money has come. Because it is simpler and easier to use when compared with fiat cuurencies.

Changes are normal, growth in inevitable and just like you said, we will definitely be seeing some good growth in the space in the long run when it comes to digital money.

For what it is worth, we have seen the way things have changed over the years, how we have moved on from the trade by barter system and now we being in the digital age and it is so obvious that the evolution is here already and we are in that future, as i believe that as time goes on, we will get to start seeing things in different perspectives as the case may be.

Progress changes every part of human life, including monetary relations. Not so long ago, everyone called by phones with disk sets, and now you can send photos from your phone and this does not surprise anyone.

That article is good to tell us about metals that were used in ancient times and also tells us that basically money is built from the trust of many people in that money. That’s a really good article in my o (http://yubster.com)pinion.

It is time for the entire world to realized that the  financial evolution have already taken place,  anybody  calling bitcoin bubble is blind toward the trend of occurrence. There is nothing we can do about it, The world financial system is not going back to the age of trade by barter but it is moving with the digital age.

Human development is more advanced and modern, transactions that are faster and more efficient and the business world is needed because money and goods transactions are faster. Money has Evolution, starting from Barter, Commodity money (gold or silver) (full body money and full body-money representation), modern money, Electronic Money and Fiat Money.

Everything evolves, and money is no exception.
Bitcoin is probably the next step, although - given the social and political implications - it will still take a long time before it is really accepted.

I suggest everyone here to read "I want the earth plus %5 more" from larry hannigan. Dude wrote what would happen way before its time. Right now we are moving towards to the time when the chips in our body would be capable of paying for stuff, that became our mobile phones and considering they are becoming part of who we are with social media and so forth and us checking or phone every 2 seconds we can say its part of who we are and we started to pay with it. Right now larry's work has been true and explains the evolution of money properly. I think we should be careful from what is coming next.

There is no doubt that cryptocurrency are a type of money in the evolutionary stage and formation of money. Like we had the coins which gave rise to fiat and latter on to electronic money, crypto currency is the new and latest stage in the evolution of money and every new technology has replaced the old one up to a great extent, crypto is also on its way to do the same but that will take long time for the already running systems in majority of the countries like those in Asia is not compatible with the crypto.

Before before the creation of money physically, humans made transactions by exchanging exchanges of goods that they needed in other words it was the initial history of the creation of physical money as it is today, and continues to grow now starting to be popular digital currency. This will continue to grow in the future.

Transaction have evolution every time, at the first time before money is knowing to public many people just change their product with the other, by using money the can sell or buy and the use digital money will make transaction is easy.

Money to a swap method to buy commodity and services, before non exist, the unit to swap the sale that are the values are equivalent (ví dụ: rau quả, animal, realfood, ...)

After knowing how money evolve through the century, next is how could this evolution be significant to the evolution of a new technology by the coming of the cryptocurrency. I think if money took a century to fully estanlished its presence, that would also be a very challenging times for cryptocurrency to fully function as it was designed to.

From the time of the early civilization of man, there have been several means of trading or exchanging. Starting from barter trading where people used to exchange goods for goods or service for service, to the era where cowries and other scarce items where used as a medium of exchange. The era of Fiat came and has existed till now. However, as technology advances and convenience becomes the taste of many, cryptocurrency is created to provide a revolutionary form of payment.

Yeah it is really a goodr article as money for now is everything,not only a medium for payments but also a way to gain power and remain being on top.this once use for payments is now the only thing that matters for most of the people worldwide,and i am keep on asking that until where this will brings us..specially now that cryptocurrency comes and the function is easily to use

The evolution of money or ordinary things that we understand in that era is very common, especially our trade in the trading system used to use exchange systems to exchange goods has changed using money, money in the past was in the form of gold and silver and is now replaced with paper money, and began to change again began to be replaced with digital money and this is very reasonable, in the future bitcoin is very suitable to be used as a future currency.

the development of defense equipment is inevitable. we have to follow it, even though on the way it takes many obstacles. but in the end everything will reach its destination. sometime later it applies to cryptocurrency

Evolution will occur in the world financial system, the payment system will change from cash that is increasingly obsolete and becomes a digital currency that will be more flexible and environmentally friendly. but that does not mean the cryptocurrency will be a pioneer at that time? Fiat could have a new breakthrough for the digital currency..

Evolution of money...

before:
Barter- we exchange from product to product or services.
Gold/silver- we use them to buy some product or services.
FIAT- This is the present currency we are having now!
Crypto- the future of the world of currency...

I imagine if Fiat doesn't get trust anymore and this will have a very bad impact on the evil plans of every big person associated with conspiracy, but I also think that crypto currencies also have reserve goals made by the same party for plan B.

I just assume, but if the crypto currency is really able to make everything more fair, then this is actually a very good tendency.

Basically money is the most essential invention of modern times and it has undergone a long process of historical evolution even Human beings passed through a stage when money was not in use and goods were exchanged but still it needs some thing to get directly for one another such as exchange of goods for goods was called barter exchange or trading different things to a new one and these inconvenience and drawbacks of barter led to the gradual use of a medium of exchange like what we millennial often do nowadays.

Everything in this world will surely experience changes including financial matters. Humans only experience changes in both nature and physical, ranging from infants to toddlers to young children to adolescents continue to grow into adulthood to old age. Even so with currency, over time cash will shift in the form of digital where the era has now become the era of digitalization.