Evolution of Money

[geopolisch]

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?

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.

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[Ericgreen]

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.

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.

[lonzoball0]

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 .

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.

[BartS]

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".

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.

[BitcoinCommodor]

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 .

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

[squog]

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.

[EddyGameta]

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

[xlmlover]

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.

[juragane]

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.

[Macai]

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?

[michellee]

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.

[BruceJu]

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.

[fauzan Ichsan]

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

[Sarastiche]

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.

[FlightyPouch]

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?

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.

[spongegar]

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.

[wuvdoll]

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.

[Blackhammer321]

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.

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.

[visionE2]

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.

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

[flametoken]

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