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Author Topic: Evolution of Money  (Read 1652 times)
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September 01, 2018, 03:27:41 PM
 #121

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.
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September 01, 2018, 03:52:13 PM
 #122

yes bitcoin is the evolution of money in the future
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September 02, 2018, 05:03:36 PM
 #123

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.

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September 05, 2018, 09:10:48 PM
 #124

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.

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September 05, 2018, 10:37:47 PM
 #125

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.
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.
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September 05, 2018, 11:11:32 PM
 #126

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 .

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.
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September 05, 2018, 11:25:25 PM
 #127

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".

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September 06, 2018, 02:57:44 AM
 #128

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?
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September 06, 2018, 05:35:36 AM
 #129

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 .
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.
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September 06, 2018, 05:40:03 AM
 #130

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 .
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.
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September 06, 2018, 06:19:35 AM
 #131

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.
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September 06, 2018, 06:34:36 AM
 #132


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.

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.

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.


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September 06, 2018, 05:03:32 PM
 #133

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.

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September 08, 2018, 07:44:52 PM
 #134

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.

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.
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September 08, 2018, 08:40:39 PM
 #135


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.

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.

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.

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.


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September 08, 2018, 08:59:55 PM
 #136

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.

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September 08, 2018, 09:59:45 PM
 #137

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.
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September 09, 2018, 02:02:55 AM
 #138

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 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

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September 09, 2018, 03:15:36 AM
 #139

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.

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September 09, 2018, 02:30:00 PM
 #140

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.

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