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Author Topic: Evolution of currencies  (Read 369 times)
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May 02, 2018, 01:46:25 PM
 #21

People need currency. Without currency people would simply exchange things or services without knowing a certain value.
Therefore, the currency, whatever it was, is necessary for people. It is a universal tool that makes our life easier.
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May 02, 2018, 01:50:26 PM
 #22

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

doesn't make sense. Of course if you use something like money, which is handful when it comes to trade the commodities of different values, you need it to be something that is holding value, which exactly is represented by the labor behind it or the use of it...
I think it is meant to be non sense. Or not. Grin

You a human being questioning the consumption of energy when you or we are the ones who mostly use it while destroying this world little by little.

Where are tou really going here? You are an environmentalist now? Economic specialist?

You want to trade energy and the one with the most should be more valuable? Well bitcoin mining consumes electricity so we can say it came out from a lot of energy.

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May 02, 2018, 02:31:20 PM
 #23

the more advanced and modern Human development then it takes a faster and more efficient transactions and the business world because that's the transaction of money and goods more quickly.
Barter
the first financial system is to barter, ie trade goods or services for other goods or services. For example a farmer needs clothing, he can exchange rice that he has with clothes.
Fractional reserve receipt money
Over time the Bank's safe became full of commodities. The swords are more comfortable in claiming, and rarely use their silver gold commodities stored in the Bank. Then came the idea to make a claim check (money receipt) which then loaned. When someone needs a loan, the bank makes another claim check along with the interest. Banks do not need their own money to make money.
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May 02, 2018, 02:39:57 PM
 #24

In the theory of evolution argues that a change in living things deviates from the initial structure in large quantities and then causes two possibilities. The first is a living thing that changes will be able to survive and not extinct or also called the term progressive evolution. While the second possibility or option is a living thing that changed or evolved failed to survive and eventually extinct or called regressive evolution. Likewise with currency evolution to create stability and keep the economy it is necessary to make the evolution of currency problems what results can all be seen from the money so in my opinion
Agree on that.
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May 02, 2018, 03:30:41 PM
 #25

yes, not by the way to destroy, because crypto does not have a destructive character. even because of the excessive amount of crypto, so that negative values are not appropriate if applied to the crypto world.

but I think crypto must also maintain its good potential by always updating the system and also always innovate to adjust the condition today, otherwise the crypto world will also be replaced with other transaction tools.

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May 05, 2018, 04:06:07 AM
 #26

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.
I think the more technological and advancement of the era is also affecting the change of a system may also be to guidelines for the development of bitcoin today people increasingly want a fast paced practical and does not take long


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May 05, 2018, 04:51:59 AM
 #27

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

The world is evolving and if we do not go with the flow we will be left behind and suffer in poverty and hunger. Poverty levels are now very high across the world and lands are owned by millionaires and poor citizens live on the slums. Agricultural areas were now converted to agro-industrial lands and that is why barter trade is no longer useful today since not all people does have a land to cultivate. So today if we do not join with cryptocurrency and buy some bitcoins we will be blaming ourselves in the future as to why we does not join in this new currency.

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May 05, 2018, 05:02:44 AM
 #28

Evidently, currencies are evolving with the growth of world progress. I think that very soon the crypto currency will replace the fiat money forever.
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May 05, 2018, 05:31:27 AM
 #29

Simply, you can use a digital currency to buy an item or buy food and then you can use the two as energy.
It's called taking advantage of the situation and conditions that exist

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May 05, 2018, 07:20:23 AM
 #30


money had evolved already like OP said. the change is inevitable and if you will be left behind in this digital world its like losing money. don't waste your energy thinking of that argument that isn't going to be applicable in this era. jump in because the blockchain is here to stay. forget arguing, that's not going to get you somewhere.  Grin


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May 05, 2018, 07:55:43 AM
 #31

change gradually, in terms of value, physical form and the development of currency types. From time to time the currency has evolved. the more sophisticated and modern human technology then it is necessary how to transact the right and efficient

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May 05, 2018, 08:11:10 AM
 #32

In my personal opinion, electronic money will hardly be able to become the official currency of the world. They have many weaknesses for the user, and are very dangerous at their cost. Someone who is not careful will easily lose money electronically because of hackers. So I think people will oppose the cancellation of cash and accept electronic money.
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May 05, 2018, 08:17:50 AM
 #33

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

If you're that really into fair exchanges of energy then go back to the stone ages or wait for a meteor to hit earth. We are in the electronic age now so you need to accept that we need an efficient currency online to trade with.
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May 05, 2018, 08:27:25 AM
 #34

currencies will change the world. they make it better, green, comfortable. help us easy life
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May 05, 2018, 08:37:42 AM
 #35

the more advanced and modern Human development then it takes a faster and more efficient transactions and the business world because that's the transaction of money and goods more quickly.
Barter
the first financial system is to barter, ie trade goods or services for other goods or services. For example a farmer needs clothing, he can exchange rice that he has with clothes.
Fractional reserve receipt money
Over time the Bank's safe became full of commodities. The swords are more comfortable in claiming, and rarely use their silver gold commodities stored in the Bank. Then came the idea to make a claim check (money receipt) which then loaned. When someone needs a loan, the bank makes another claim check along with the interest. Banks do not need their own money to make money.

Ofcourse they dont need to make their own money, it is the problem of the state to make money for their citizen. Money has no value unless someone wants in exchange of a commodity or service. It is invented to make the transaction much easier because on barter, they can't stabilize the price or value of certain commodity or service.

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May 05, 2018, 08:53:17 AM
 #36

Paper bills and metal coins are also energy absorbing and not environment friendly, you need raw materials like paper, cotton, ink, gold, silver. Then you have to produce and transport. Gold mining is very hard and not environment friendly, nowadays the whole rain forest in South America is destructed because gold digging.
So, it's not just mining cryptocurrencies that is energy absorbing.

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May 05, 2018, 08:57:44 AM
 #37

First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.


I dont understand your discussion.
but in human civilization there will of course be many developments and revolutions to create all new things. therefore, whatever you say the facts will not change anything that has happened to this world especially in the crypto industry. now you are using the internet for everything you want and crypto is part of the invention of digital technology.

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May 05, 2018, 09:14:47 AM
 #38

Cryptocurrency exists now as a means of exchange and a means of payment. Why burn it or eat it? With it, you can pay for any product or service. Its production does not require huge expenditures for gold mining or for the production of Fiat money. Cryptocurrency does not wear out and does not require additional funds for recovery.It is not tied to gold as well as the dollar. The dollar is tied to GDP.Perhaps this can be called the evolution of money. When compared with the fact that in ancient times a means of payment existed in the sheaves of hay.

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May 05, 2018, 09:24:54 AM
 #39

Money isn't everything — but it's something we can't do without.

Has money existed in today's paper currency form since it came into use? No. It has gone through a long evolution since its inception. Before money came into existence, as early as 6000 B.C., Mesopotamian tribes bartered goods — meaning they were exchanged. You pay for eggs with a measure of grain, if you have a surplus of the latter.
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May 05, 2018, 09:34:44 AM
 #40

The Chinese are credited with the introduction of a primitive bronze form of coins as a medium of exchange in 1,100 B.C. The first minted coins, however, were made in Lydia, which is western Turkey today. These coins were made from a naturally occurring gold and silver mixture called electrum, and had images that served as denominations.

The Chinese were once again the innovators as money went through the next stage in its evolutionary process. They began using folding money during the reign of the Tang dynasty — 618 A.D.-907 A.D. — in the form of privately issued bills of credit or exchange notes, according to Time.

Europeans, who began colonizing territories, were merrily using coins long after that, as they found it viable to mint coins using the precious metals acquired from their colonies.

See Also: Is Bitcoin A New Asset Class Or The Next Great Market Bubble?
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