Money vs Barter

[goaldigger]

If barter is our medium of exchange, then banks will not exist. You do not have savings nor investment also. How can you exchange your cow for a retirement? How can you distinguish expensive to cheap. It is just applicable then where life has not yet civilized, and the need of people is just the basic necessities.

[millgates]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Money it self is only a representation of gold, so actually people in the past still do barter, they exchange their gold with rice, bread or other stuff. But in since tens years ago fiat system is come up, it is brake that concept. Likely the government and citizens are forgot about that main thing.

[BartS]

Couldn't have said it any better. Matter of convenience aside, barter would really require that you trade the item so it's not always easy. Of course there were enterprising people in the past that bought goods they don't need for reselling but without money, it was all really cumbersome.

Money also had the added benefit that it is also a store of value, which was great for people that produce perishable goods.

This is the main reason of why the economy began to form when people became farmers they could get a lot more food to what they could use in a single day so they needed a form to retain some of that value and that is how currencies eventually were made, the farmer could lose the value due to perishable goods but with a durable form of money the wealth he created could not be destroyed that easily and stayed in the community this eventually created the capitalist economy that we know.

[doedz]

Barter systems have long been abandoned and this is only part of history before people use the money to meet their needs.
History is unlikely to happen, and money is more popular today. and digital currency will be present in place of fiat.

[Barley Hertog]

Barter "as is" is ineffective. Even in P2P economy when people trade their services and goods to each other money is involved anyway.

[MaleKing]

That's a very traditional way of doing things. And although it dissapeared because of Money, I think Barter has a chance now with the digitalization of our world.
Imagine if there would be a website where millions of people would be present and would have different skillz. They could match in a much simpler fashion.
But still, money WAY better than barter.

[Clavulanic]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Money it self is only a representation of gold, so actually people in the past still do barter, they exchange their gold with rice, bread or other stuff. But in since tens years ago fiat system is come up, it is brake that concept. Likely the government and citizens are forgot about that main thing.

A long time ago, barter is applicable but now, I don't think it will still be working with that kind of exchanging. Money is better and it is fair with the amount that is being bought or chose. Present time is much better than barter and besides, there are many ways to earn for it unlike just keeping barter resources which are not favorable with something in exchange. So I prefer money rather than bartering any stuff to survive.

[NavI_027]

Our economy is now too complicated to continue implementing this type of trading. For me, disadvantages of barter seems very obvious since way back hundreds of years from now that's why mankind develop a better system for making transactions more convenient which is the use of money.

For example, if I want a bar of gold and you want some pieces of diamond assuming that money is not yet invented, how will you know that the said deal is fair and square?. Another one, let's go back to your example which is I'll cook dinner if you do the dishes" do you think this exchange of services is fair? Of course not, right? It's because cooking is a much tiring task where you need to gather all the ingredients, prepare them, and cook comparing to the second one where all you need to do is wash and rinse.

That's the problem of barter, it doesn't store a constant value unlike money.

[xaviervilla]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Okay pal just look at it this way, why would you think that people back then would have invented the first currencies? Well, the answer is quite obvious and is a real issue back then. clearly, if there  is such a thing that happens and you do not get no money anymore or should I say value, you will really sink to the bottom of any country that experiences the lost of money and its value except those who has transferred funds already. Almost killed by massive losses in the  crypto world that has lost lots of money due to greed. That is what I think.

[helen28]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Okay pal just look at it this way, why would you think that people back then would have invented the first currencies? Well, the answer is quite obvious and is a real issue back then. clearly, if there  is such a thing that happens and you do not get no money anymore or should I say value, you will really sink to the bottom of any country that experiences the lost of money and its value except those who has transferred funds already. Almost killed by massive losses in the  crypto world that has lost lots of money due to greed. That is what I think.

During those times that money was not yet visible barter system really makes confused in every people and it makes no sense and unfair because you don't know the real value of each item so either you gain or lose without even knowing, at some point an advantage because there is equality unlike today where there is a thing called rich and poor.

[Reid]

I think I have watched something like this in discovery channel or history maybe.
It is hard to work it out when both parties are not in a good agreement.
But it is still happening.
Example is in facebook, there are thoss who will barter their Jordan shoes for an electronic cigarette. The sad part now with this lind of trades is they want an addition of money to equal the price of the item.
The barter gets wrecked because of that, it was supposed to be items only without any paper money involved.

[Canis Majoris]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

A barter system can work under those circumstances without money being involved.

An agreement could be made for the bank to barter away the cost of 1 suit for consulting services rendered. For example a bank could barter 10 chickens for the cost of your suit as part of your salary. Under a barter system, goods which can be traded, take the place of currency.

Sorry to intervene here but I have to say that you are still implicitly using the concept of money in this scheme. It doesn't exist as a stand-alone currency having a denomination (think non-cash dollars here), but what is the concept of money in the first place? Essentially, money is a system of account, though it doesn't necessarily need to be abstract and unitless as in fiat. But as soon as you build relationships between the values of some goods against other goods and keep these relationships for future settlements, as in your example with chickens and suits, you are already making use of money conceptually. It is clumsy and not very convenient overall but it is still a system of account anyway, while barter is just a plain exchange of goods with no accounting done.

[noictib]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

Yeah , This is clear example that you want to go with those old times techniques where money was not exists and people were doing for each other , like one man can make shoes but he need food not shoes , so he needed a person who need shoes and want to give his food for that shoes not another thing .
Here you should think that why the reason for which the money entered in this world where people needed to get money for Thier work and that can be use to exchange for Thier desire thing .
Here currently cryptourrency is a type of barter agent which is use for the exchange for the particular coin with particular altcoins only but at the end we need Fiat to cash out for perfect use .
Clearly here we can say that we don't need any type of barter here because barter is a totally tough thing to Handle for everyone .

[TamTPDH]

ahh! yeah.

[themughni]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

money makes it easy for people to transact and judge a good stuff. I am sure it

[marinomario]

I can not imagine what if we were without money, you traded services for something. we may not be rich if we always want goods and exchange them, you will lose your goods and of course every item has an important value to be able to exchange it. for example you want a car, then what should you exchange? of course this will be confusing, and could be negative for human trade. but the emergence of money, it becomes a solution for us to transact buying and selling for our needs. work to earn money to buy our needs. and this system will probably go on in our life.

[kramat]

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

money makes it easy for people to transact and judge a good stuff. I am sure it

money is now required to conduct each transaction and in each country has its own currency. so it is an identity and that is used by people from different worlds

[Ridwan Fauzi]

First I want to say barter showing that human is a socials being, someone who give and who accept for satisfy himself and help someone else. That's our history we don't need to barate a system barter, with system barter we found money.

At this time after we found money, a barter system dissapear because money more worth compared barter because we feel money is more fair. The price of stuff will determined by money, and money will adapt about stuff.

The era will change, we just need for everything that will happened. And now cryptocurrency came and make human more easy to use, we can send money or by stuff with different country with fast procces. And we will see cryptocurrency will make money like a barter.

[Be_Happy]

Money is much more convenient to use, although I do not refuse barter if there is such an opportunity. But in order to use barter, you need to spend a lot of effort to find a person who needs your service and can provide the necessary service in return.

[sindikat]

Barter systems have long been abandoned and this is only part of history before people use the money to meet their needs.
History is unlikely to happen, and money is more popular today. and digital currency will be present in place of fiat.

The money was invented as a measure of the amount of labor that people spend on the production of various goods. But governments and bankers United and began to manually manipulate the amount of money. From that moment on, people were enslaved to them. Bitcoin was supposed to change this system but users wanted to combine Fiat and cryptocurrencies. That is why we are seeing such a decline in prices.