Evolution of currencies

[Crypto Piece]

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.

[1714012457]

1714012457

[nanda1280]

The evolution of bitcoin currencies, in contrast to human evolution whose legitimacy is still debated, is profoundly transformed. Starting with the exchange of goods or barter to get the desired goods, the currency will never be the same again as the development of civilization. The most ancient transactions known to man have a diverse currency, ie any goods are exchanged. These goods can be referred to as money because they meet the criteria of the function of money as a medium of exchange, if we have a handful of wheat then we can exchange it with, for example, rice. The second, these items fulfill the function of unit of account or unit of calculation , the amount of wheat we have can be exchanged willingly willingly with a certain amount of rice, the rice we get is equivalent to the amount of grain we give. Third, fulfill the function of store of value or wealth hoarder; the more wheat we can exchange with more rice now or later.

[franky1]

when fiat was attached to gold. the gold value of fiat was linked to the energy burned by the gold miners
EG
if it cost $1000 to mine gold a gold miner wouldnt sell their gold for less than it cost them to mine it.

since fiat detached from gold. the value of fiat IS linked to the minimum wage labour (calorie burn) of low paid workers
EG
an hours labour is worth £$X. no one would work for less than £$X so  £$X is worth an hours labour

[jmiro1]

Currency is not a power nor an energy. A currency does not need to have special ability or uses. It is just the medium of exchange. It is not essential to have other uses of a currency. It is the currency that make someone powerful or energetic. Just like oxygen, it doesn't burn but without it, you can't burn.

[ETHtotheMOON1]

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...

[pooya87]

"energy" is there to be burnt so that we get some usefulness out of it. we burn fossil fuel to run our cars, heat our homes, cook food, provide electricity and light, ... can you say it is a waste of energy when you drive your car around the block?
in comparison the energy that mining bitcoin uses is providing us with a great useful payment system which is used by millions of people and will be used by billions soon. this means talking about "waste of energy" is a total nonsense in this scenario.

[Roukawa]

Currency is not a power nor an energy. A currency does not need to have special ability or uses. It is just the medium of exchange. It is not essential to have other uses of a currency. It is the currency that make someone powerful or energetic. Just like oxygen, it doesn't burn but without it, you can't burn.

My mind can't absorb what the OP really wants to convey about the wasting of energy in currency. I don't think it has a connection between of it. It is applicable nowadays. We are using energy just to open our reuters and PC because our money is now digital. We consume a lot of energy in mining and trading just for a transaction to accomplish. But I can't see the point of wasting energy using fiat currency. I hope the OP will  elaborate it to us.

[Bobby park]

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.

Whether it is in a form of fiat or digital, I don't think we are wasting of energy to it. Currency is really helpful in our economy. It helps us to measure the trade either in import or export. Currency serves the treasure of the government and state. It use to give us a fair trading of goods or services. We got a lot of benefits from currency. So, don't underestimate it. Wasting of energy are those people who use it in a non-sense thing such as online games, videoke and etc. just to fill up their leisure time. We can't say it wasting of energy if it really helpful in our society.

[DPrillio]

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.

Whether it is in a form of fiat or digital, I don't think we are wasting of energy to it. Currency is really helpful in our economy. It helps us to measure the trade either in import or export. Currency serves the treasure of the government and state. It use to give us a fair trading of goods or services. We got a lot of benefits from currency. So, don't underestimate it. Wasting of energy are those people who use it in a non-sense thing such as online games, videoke and etc. just to fill up their leisure time. We can't say it wasting of energy if it really helpful in our society.

Energy and discovering other source is basically and indication of technological advancement so how come crypto currency a waste of energy? is it just from mining? well energy I think is not a problem here for it is a part of our daily life and soon in the future humanity will have a new form of energy that makes nuclear and oil extinct. Currency is a power therefore we can't abolish to use energy to mainten its stability much more on crypto currency.

[amishmanish]

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

That is very creative of you. Congratulations but you will need to be better and more objective for being taken seriously. If this is an attempt to create unnecessary FUD, then sorry, try again. If this is a genuine thought then please use better analogies and comparisons.

For example, What the *&#$(insert expletive) is "destructive energy" compared to "Potential Energy"?? This is a pretty silly argument. Quite simply, Bitcoin is a revolution. It allows you to exchange value without going through a trusted third party in a non-physical manner, over long distances without the burden of having to carry it. Just imagine how many highwaymen robberies in medieval England would have been saved if kings didn't have to send bullion with huge armies and knights??!!

That is the power of bitcoin. It has the potential to obviate war. That is why governments and bankers are having such a hard time wrapping their head around it.

[kastara]

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

[Pursuer]

OP is poorly rephrasing the same old argument about "bitcoin mining power usage" which has became heated for about a year now and it is a pointless argument because it is based on the fact that the starters of this argument think bitcoin is only used on exchanges where people trade it to make money. they do not know or care that bitcoin is a lot more than that, it is giving us a freedom from banks and centralized money.

[arienna23]

Money has been a part of human history for almost 3,000 years. From the origins of bartering to modern money. Wearable technology is set to disrupt the world of money once more, as Barclaycard trials a contactless payments wristband.

[Suharti12]

The longer the human being progressively evolves in making ease in using something and that includes money, and I do not think it's a bad thing to spoil, but it's just a matter of ease.

[GeorgiyBilyk]

agree with the guys! bitcoin is the future and a new era of currencies! in the beginning was barter, then there were gold and silver coins, after appeared paper money! Paper money replaced the maps of the visas and the master cards! and now a new era of money has come - they are called coins of the crypto world! and bitcoin is at the head of all coins!

[manish9841]

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.

You are correct to the some point that the energy consumption is enormous and this raises the sustainability issues. However, be informed that researchers are putting constant effort to find a way.

[AlexAtom]

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.

currencies are just a tool or medium. this should not created from energy on the first place.
if cryptocurrencies not created by energy, it is good. because the we can use the energy for other purpose, not for creating currencies.

[aray80]

Currency is a tool or medium for exchange and of course we know that it will also inspire experts to create an exchange of medium development from time to time with the existing energy Adjusting the circumstances and conditions ...

[czhen]

there is always an evolution in the life of human civilization from time to time but the question is whether man is ready to accept the change.
talk about cryptocurrency and the most popular is Bitcoin.
The limited number of Bitcoin 21 million worldwide and not all have been successfully mined so that Bitcoin's price depends on supply-demand based on the amount of Bitcoin in circulation. Different from banks that record bookkeeping using ledger, the ownership of cryptocurrency is recorded in the Blockchain system that records the codes known as Hash from the initial owner to the last possession when Bitcoin is traded, so it can be concluded that Blockchain is what keeps Bitcoin safe from threats hacker.
 I conclude that what will happen in the future should also have adjustments from Crypto itself.

[Tisubasha]

thousands of years ago, in fact most likely began almost simultaneously with human civilization.
The system of currency or money has undergone evolution, change of form both physically and conceptually from the beginning to the present, as described in the following points:
Barter system.
 The system of gold and silver coins as money.
Circulation of evidence of gold deposit as "banknotes" in place of gold and silver coins.
The banknote system, the result of a mutation from the proof-of-custody paper that the ruler specifies as money.
Electronic bookkeeping transaction system (cashless / electronic money).
Electronic bookkeeping systems deliver, exchange systems or transactions to a remarkable breakthrough of flexibility, speed, security, data accuracy and open a new era of transactions.