Evolution of money from barter system to crypto currency

[Findingnemo]

What makes you think rich people are not aware of cryptocurrencies ?

Because bitcoin was created very recently and the founder of the bitcoin was not found for very long and bitcoin has no advertisements so I feels like more people don't know what is bitcoin and even they might heard it but they don't have proper knowledge about bitcoin and why it was created for.

For instance, I can imagine what it would be like when you are paying 12 chickens to someone for a goat, compared to how you can just easily make a transaction in either fiat or cryptocurrency for the goat. Simpler and easier ways of doing things, which is what the technology brings into the whole barter system.

Few centuries back we used to cultivate the vegetables and eat them but now we are paying them money to consume it with fiat money but too in digital form then why you think that virtual money cannot takes that place in few years?

[0t3p0t]

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.

Yeah, you are right and the only solution this is adoption and education as majority of the people in the local community or anywhere in the world knows nothing about crypto so much better for us to teach them to meet blockchain technology and embrace cryptocurrency not just to escape from centralization but for them to possibly have financial freedom which fiat money had failed us many times and fiat make wealthy people even richer and less fortunate one's become poorer.

[omfg.xekcep]

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 think you need to read a book about how an economy works. Let us take, for example, dollar. Dollar is printed and issued by FED and the economy of US is the support of dollar I mean GDP. What kind the support do Bitcoin have? In addition to the total quantity of Bitcoins is limited and the limit wll be reached very soon (in next several years) but as we know the world economy (as well as an economy of any country) need to have new money for evolving. What is your suggestion how to solve this trouble?
I consider that Bitcoin is an especial asset which is convenient for solving some part of tasks but Bitcoin is not suitable to substitute dollar or any other currency. Bitcoin is an excellent asset for making fast transactions, investing purposes and so forth but Bitcoin is not suitable for holding savings and using as a country currency because of many reasons (high volatility, limitedness).

[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.

I think you need to read a book about how an economy works. Let us take, for example, dollar. Dollar is printed and issued by FED and the economy of US is the support of dollar I mean GDP. What kind the support do Bitcoin have? In addition to the total quantity of Bitcoins is limited and the limit wll be reached very soon (in next several years) but as we know the world economy (as well as an economy of any country) need to have new money for evolving. What is your suggestion how to solve this trouble?
I consider that Bitcoin is an especial asset which is convenient for solving some part of tasks but Bitcoin is not suitable to substitute dollar or any other currency. Bitcoin is an excellent asset for making fast transactions, investing purposes and so forth but Bitcoin is not suitable for holding savings and using as a country currency because of many reasons (high volatility, limitedness).

I know how this centralized economy works and in recent days I got many research about how the currency getting printed and much so on.Of course the USD is being printed by FED but it is used by all their citizen but did you wonder why we are using a printed paper as money by someone other than your country?That is why we want the decentralization to be adopted.

We have only bitcoins? there were lot of other crypto currencies are also available which can be substitute for all the paper money in the world.

[beatzcoin123]

from barter to paper currency,now to crypto currency, crypto currency is the next phase in transaction but like the barter system, it will experience some shortcomings, because if you will agree with me, about 70 of the world population hasnt heard of crypto currency, so this may be a barrier if we are to completely adopt cryptocurrency as a standard means of transactions.

[denuhaqiqi]

Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.

[Findingnemo]

Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.

We already have digital currency system where we can pay our fiat money in the digital format through cards or paypal like that but the main reason for that we need to move is the current system is centralized and our money losing its value everyday because of inflation which is only caused because of our country printing more money.SO we need new system which can work independent.

[unusualfacts30]

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.

that is correct. paper money has its flaws and we're starting to move towards decentralization. It's slow in the beginning but then it'll catch up very fast as soon everyone has access to internet.

[vintages]

This is why we keep on calling cryptocurrency or digital currency as the future currency. It's so unfortunate that the problem we are having with cryptocurrency taking place is globally acceptance. And we don't blame so government for rejecting it. Cryptocurrency is all about technology and not all country have grown in technology, so we have to give digital currency so time. 

[Findingnemo]

This is why we keep on calling cryptocurrency or digital currency as the future currency. It's so unfortunate that the problem we are having with cryptocurrency taking place is globally acceptance. And we don't blame so government for rejecting it. Cryptocurrency is all about technology and not all country have grown in technology, so we have to give digital currency so time. 

Already crypto currency has recognization worldwide but the problem is the whales who manipulates the prices but if someone can hold coins until the cryptos can be spend then we can avoid the manipulation and also can attain stability in prices.

[mostkey]

This is what is currently being developed and widely echoed for the use of decentralized crypto currencies for the benefit and goodness of the future, of course a very long and consistent process is needed for us here who first know and understand the true nature of its superiority, to make people aware that it is not easy on the current crypto journey with many pros and cons that have become common food everyday, this is needed in the future, I think it will be better over time.

[wahyu wida]

This is what is currently being developed and widely echoed for the use of decentralized crypto currencies for the benefit and goodness of the future, of course a very long and consistent process is needed for us here who first know and understand the true nature of its superiority, to make people aware that it is not easy on the current crypto journey with many pros and cons that have become common food everyday, this is needed in the future, I think it will be better over time.

i think that is reasonable, because every time there is evolution, of course there are pros and cons, even though in the end the development of technology cannot be avoided.

[denuhaqiqi]

Money evolution or payment system evolution. I prefer to say the evolution of the payment system. The evolution of the payment system in the world moves and changes according to the times and the needs of society. Starting with the barter system, now the payment of various transactions can be done as easily as tapping the smartphone screen. I agree to say we are in the barter trading system, it's just that the way we do it is different. How we do business today has made life much easier and more efficient. Imagine that you can now buy goods and sell items simply by tapping on a smartphone screen that is connected to people in various parts of the world. This is where the trade revolution of blockchain technology and cryptocurrency develops.
As time goes by, we continue to try to make things easier to do and can be accepted by everyone.

We already have digital currency system where we can pay our fiat money in the digital format through cards or paypal like that but the main reason for that we need to move is the current system is centralized and our money losing its value everyday because of inflation which is only caused because of our country printing more money.SO we need new system which can work independent.

digital currency is usually used as an alternative form of transaction tool as long as market doubts and suspicions on conventional payment instruments increase. but for inflation problems due to printing more money, cryptocurrency is an effective tool to protect your funds from inflation. cryptocurrency provides opportunities for people to take control, without worrying about strong government interference. Especially, in countries facing economic and political instability

[dlhezter]

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 think another evolution of money would came up a single currency that can use all over the world and some years paper money would not have a value because we are living now in a modern world or digital world we can say that after 5 years all people are just using their phone to purchase everything they wanted and many people in this era was rich unlike before.

[timerland]

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.

Some people act like centralization is absolutely necessary for the survival of the economy - it really is not. We've seen economies survive and arguably do better off with decentralized forms of money compared to fiat with no backing, or at least with less financial trouble and swings.

However even with that said and my confidence in bitcoin as an asset that is able to preserve value in the long run, it's very unlikely that governments would be willing to give up control of their sovereign fiat currencies and stop issuing them altogether.

The most realistic outcome in my opinion in terms of mass adoption is that people see bitcoin as an alternative, or parallel to the fiat banking system. Some may even choose to use it exclusively as people already are doing now. But a decentralized crypto completely replacing fiat seems like a far fetched idea for now.

[Findingnemo]

The most realistic outcome in my opinion in terms of mass adoption is that people see bitcoin as an alternative, or parallel to the fiat banking system. Some may even choose to use it exclusively as people already are doing now. But a decentralized crypto completely replacing fiat seems like a far fetched idea for now.

We even never thought 80% of people in the world using smart phones before 10 years but now it is the reality so when people starts to accept it then it will move to mass adoption because people were most likely ship they just do what other were doing.

[andika2018]

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 am believe in the future, cryptocurrency will change our way making transaction. With borderless system and decentralized system, financial system will change and i am believe cryptocurrency is future currency

[pitiflin]

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.

[hastag_80]

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.

Definetly what are we doing now,the exchange of fiat to digital currency system in order to make the world closer and all transaction become easier to access,and creating a cashless society otherwise what your comparison about are the trading before and after the cryptocurrency would come into these modern present,that there are some changes in doing a market trading exchange because its decentralized and digital form of figures.

[h0lybyte]

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.

Absolutely right, in early age there was no concept of money so people had been bartering to buy and sell goods according to their needs.
Later when paper money came into existance, it diversified the whole world economy but some some imperfection and limitations are still there.
Thus, Cryptocurrency is the only way to overcome all those limitations