Evolution of Money

[kive2k]

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.

[1714131720]

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[1714131720]

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[Demanderoca]

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.

[cabalism13]

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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.

[dev9t9ok]

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.

[batang_bitcoin]

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.

[mamarried]

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 .

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.

[Unplugged]

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.

[fredo123]

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.

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.

[South Park]

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.

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.

[richmcrich]

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.

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.

[shunga]

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.

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.

[maculeth]

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.

[Morgann]

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.

[Visteryy]

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.

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.

[Nakedbitcoin]

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 .

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.

[Agnusdei12]

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.

[catubayjhon]

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.

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.

[paparexon0414]

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.

[Lauff]

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

[permatasai]

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.