The Evolution Of Currency: From Gold To Bitcoin

[btcblockchain]

Has money existed in today's paper currency form since it came into use?. These notes could be exchanged at banks for their face value in gold or silver coins..

The Gold Standard Act of 1900 did away with silver and established gold as the only standard for redeeming paper money. Talks on whether the paper money could be supplanted have began to surface as digital currencies gain popularity..

Digital currency or cryptocurrency are limited entries in a database no one can change without fulfilling certain conditions, with cryptography used to secured communications, information and money online. Related Link: Cryptocurrency Mining: What It Is, How It Works And Who's Making Money Off It Digital currency is the next logical evolution of money, Jefferies said in a Wednesday note, quoting Robleh Ali, a digital currency research scientist from MIT..

Five years down the line, Ali projects that tiers of coins will develop, with one tier considered an asset class,and another the currency per se. Given the challenges in currency values in less-developed countries, Ali said these countries could be the first ones to launch official digital currencies..

[YuginKadoya]

You can definitely see in the image that there are first currency use after gold and fiat, back in the old age they used sea shells that are not common in their place, and trading is very common back then by trading goods, resources, and even minerals, and then we can see that This has evolved when currency was introduced and now that we are in the era of digital world, Digital currency was introduced transaction becomes instant and easy.

[Tatalk]

Bitcoin is not the evolution of something. It is the new era of currency. BTC doesn't have any ancestors from which it has been evolved. It is brand in his own. From paper currency to other most expensive thing like silver, gold, platinum or even shares, BTC is much more than all. Now people prefer to invest into the bitcoin than even investing into the gold or shares. BTC brings the new era of digitalization and millions of people are flowing in the waves of BTC. So it is the future of planet, the digital planet.

[subSTRATA]

Bitcoin is not the evolution of something. It is the new era of currency.

um... think you've contradicted yourself there, you're implying that bitcoin is the next step in the iterations of currency, but denying it at the same time. but that's exactly what it is; bitcoin is simply the next step in the evolution of currency that we're come to. it might not be too much longer before we completely break away from fiat and move on to the era of digital currencies.

BTC brings the new era of digitalization and millions of people are flowing in the waves of BTC. So it is the future of planet, the digital planet.

as much potential  bitcoin has for helping to urge in the digital era, i still think it'll be quite a while before it actually happens, and for a very simple reason: a good portion of the world has yet to acquire the infrastructure to support this change. until the third world countries of today are brought up to speed, this world won't truly have moved on.

[heartelite]

The mode of payment has already been evolving. Bitcoin is part of the evolution and currencies have been changing ever since people have learned to trade and transact.

[amuckrule]

The only thing that is constant in the world is change, which also applies to our money and exchange system. No wonder a lot of people are into investments today because the returns are high.