Evolution of money from barter system to crypto currency

[MMS2017]

After industrialization the world monetary system  is fully changes after coins paper money comes then digital money we have seen which was the best and now the barter system is changes into Crypto currencies which can not be seen and having high influence in the world bigger transactions can be done through this.

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[befriendmywater]

I dont think that. At present, the price of the altcoins are quite variable. And the fact that we put electronic money in our wallet, it will be more volatile in a day. Your money can be reduced from $ 100k to $ 60k in just one day. First of all, I think the Crypto market needs to be protected and modified before being used around the world.

[Findingnemo]

In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.

You're driving people to a misconception and are making them think centralization is bad, its not. Crypto isn't the best form of currency, FYI. Fiat is, no matter what, for now. Crypto isn't a replacement for fiat, the crypto markets are way too volatile for them to work on a nationwide currency,and being on a specific nation's favorite.

People just didn't move towards paper currency, people have used precious coins and other things as a means of exchange.

I am not misleading or misconception the idea of decentralization,I am just said how the money system evolved and now we are at the next step towards to money system which is called decentralization.Maybe bitcoin or other crypto currencies can act as currency system in the future if people makes the stable price for it for that we need to acomodate bitcoin into full adoption not for the trading purpose only.

[aencarnaci]

I dont think that. At present, the price of the altcoins are quite variable. And the fact that we put electronic money in our wallet, it will be more volatile in a day. Your money can be reduced from $ 100k to $ 60k in just one day. First of all, I think the Crypto market needs to be protected and modified before being used around the world.

Protection and modification is not the thing that would make the situation that you have just mentioned die off, it is actually the usage around the world that would make the volatility to become less in the long run. That is what a lot of people are really not getting today.

This right now that we have in our hands is a purely speculative market, we see people getting greedy and wanting to get rich over night without even knowing the real value or the benefit the space brings in the long run, and as long as there is no real life usage, this is something we will end up seeing. Nonetheless, I still so much believe in the future of us getting to that spot.

[Kevin77]

Maybe bitcoin or other crypto currencies can act as currency system in the future if people makes the stable price for it for that we need to acomodate bitcoin into full adoption not for the trading purpose only.

Even though decentralization has been on for the likes of gold and silver, it seems at some point it started tending towards centralization one way or the other, with the government being in control. So, I agree with the fact that this is an evolution of money from barter system that would change and disrupt the way we have been doing things in the past. However, people cannot make a stable price for bitcoin or cryptocurrencies, but when we obviously start getting to see real life usage, we can get to say that the possibility of seeing the market become more matured will be there and we might see some less volatility or some stability.

it is actually the usage around the world that would make the volatility to become less in the long run. That is what a lot of people are really not getting today.

When more people adopt bitcoins and bitcoin will become as a main stream of payment system then we can expect less volatility which may remain similar to how gold trades today. Cryptos will evaluate toward a momentary system, there could be no room of doubts in that.

[gamechangers]

This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.

[jamids]

This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.

I don't know if there is certainty in the cryptocurrencies being used by people in replacement to fiat. Maybe in a progressive economy wherein they would be able to carry out their transactions smoothly because they have all the technology then it would be possible for them to shift from fiat to cryptocurrency in a short period of time but for those countries who are still having some problems when it comes to the technology then it would be a struggle and the possibility of totally shifting to cryptocurrencies is likely.

[Wittycoin]

In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.

I believe we are almost entering a cashless society where we all see that some people are love crypto currency now and invest on it and they really taking risk on it. Soon the crypto ends this barter system.

[Escf4]

This will be happenning because the evolution of time will go together with that technology in such time in which it is the reality ,like this finance and medium of exchange , from barter trade ,to gold and silver exchange , to fiat currencies and now it is being introduced with digital currency , so people will have to be educated to understand fully the digital currency.

[syaripudin]

I think a decentralized system in finance will lead to a new civilization where everyone gets more freedom in terms of transactions, but apart from that all the questions are whether all will be directed to the positive side or vice versa on the negative side because I think with the system decentralized certainly there will be no intervention by the government that regulates the financial center and that means it will be separated from the corridors of the applicable law, and of course this will bring freedom in financial matters, and what is feared is that there will be parties who utilize decentralized systems for criminal purposes .

[cluit]

This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.

That is good post with a quick glance over the history. With the passage of time, the economic activities grew and so did the needs of the people which could not be satisfied with the existing system and new form of money evolved.

Cryptocurrency is also a new for of money and one the most needed and efficient but the decentralized fact is very important, Majority of countries wants to have regulations. Many areas of the world are still uninformed of the system and technology. SO let the current system do its job for the time being.

[Reinz12]

Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man.

I think they don't aware or don't care, but comfort and ego. Crypto can only be seen digital, in contrast to luxury that can be seen as real as gold, fiat, or home. And we might not know whether they have crypto or not.
Historically, the money system has changed over time, from barter to the present, for now crypto still cannot replace fiat position, more precisely crypto we call digital assets

[Kusnechik]

Progress is such a thing that cannot be stopped. As soon as people realize that there is something more convenient, they immediately switch to it.

[spongegar]

Yes crypto currency is the future and we agree to it 100%. But the thing is, this is change. Changing fron a system used for practically eons to something new means that we will see alot of resistance. We must show them that it is way better and that we should adopt it. I know people will come to realize this given time and the right opportunity.

[Findingnemo]

Still many rich people not aware of the crypto currencies if they knows then they will get interested on investing on it which make the prices to move further but that is not the growth we wanted we want the people to use it because it can give the freedom of using their money on their own maybe the day not yet come but surely the day will come for that let's hold our hands together and make the bitcoin recognized by common man.

I think they don't aware or don't care, but comfort and ego. Crypto can only be seen digital, in contrast to luxury that can be seen as real as gold, fiat, or home. And we might not know whether they have crypto or not.
Historically, the money system has changed over time, from barter to the present, for now crypto still cannot replace fiat position, more precisely crypto we call digital assets

But I believe surely it will change the people minds about the cryptos and the we will call it as crypto currency not crypto assets or something like that.It will take time for that to spread everywhere nothing in this world will come at instant it needs to survive the difficulties.

[sana54210]

After industrialization the world monetary system  is fully changes after coins paper money comes then digital money we have seen which was the best and now the barter system is changes into Crypto currencies which can not be seen and having high influence in the world bigger transactions can be done through this.

While everyone is thinking the future is with crypto currency, I honestly believe the future of money is mobile phones. We are starting to use QR Codes to pay for stuff right now, which means the future is about right now if we can move that a bit quicker.

Right now we just need to make that into something bigger and more used, all around the world people have phones they can use to pay for stuff or get paid which means there would be no more need for credit card machines or anything, the shop owner will have an app for his store and he will be capable of making QR Codes for customers and customers will have their money in their mobile phones and pay with it. That way anyone who has mobile phone (everyone really) will be capable of paying or getting paid. You can have fiat, crypto, loans, debit cards, credit cards and anything you think of in just one app that connects them all and that will be amazing.

[ramahero01]

cryptocurrency is indeed suitable to be used as the currency of the future because of its very sophisticated and modern features, but the problem is how the value is very unstable whether it is troublesome for its users?

[iMark]

This evolution is what makes it so certain that the fiat currencies will vanish some day. People are definitely going to get tired of it as it will no longer be capable of solving all their financial need in terms of speed, volume etc. It is high time people got used to cryptocurrencies.

First I believe that digital currency will replace obsolete systems such as cash or barter, but I think fiat will still be the main currency in the world, fiat will not run in place dude? they have innovations that will suit the times, so there will definitely be a way out for the slow of the transaction process. while crypto will certainly coexist with fiat's digital currency in the future

[blackhawkeye1912]

cryptocurrency is indeed suitable to be used as the currency of the future because of its very sophisticated and modern features, but the problem is how the value is very unstable whether it is troublesome for its users?

Yeah right, the volatility of cryptocurrency is the one responsible for these coins making a hard time reaching adoption, of course aside from the long verification time. For more than 2 months, some significant coins are stable but at low prices. Investors , however, do not like this situation. So, its stability versus volatility.

[yunzau]

yes evolution will occur, such as barter which began to be abandoned since it was found exchange instruments in the form of gold and fiat money. The community will use it if it is easier for them.