An ideal Trade by Barter with Stores where goods can be swapped for another

[Ucy]

An ideal Trade by Barter with stores where goods can be swapped for another like instant or decentralized exchanges


Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

Someone once wondered if it was possible for an economy or society to function properly without money, and I thought it could be done using well functional barter system that allows stores to be collection points for different products which can then be exchanged with customers for goods and services they wish to barter. For example, if you need a bag of rice, and you have a product that is worth a bag of rice, you take it to a barter store where they exchange it for a bag of rice. But if you don't have any product (goods) to exchange for the bag of rice but have skills, talent or service you can provide, you simply go to the store and they pair you with someone who needs the service in exchange for a bag of rice. I think the worth of a bag of rice would be a week or more of work in several countries.
Meanwhile the store acts as escrow for the rice, which is released after the job is completed.

Can this work online?  I think it can, especially if NFTs ( real NFTs) are used. Real NFT is simply a token backed by a product, that can be used to redeem the product in the barter store.
 On a decentralized or even instant exchanges, there could be marketplaces for people to meet to exchange NFTs and redeem their products at physical barter stores worldwide. If you don't have nft, you could be paired with people who need the service you offer and get paid in NFT.

What's your take on this?

[AVE5]

An ideal Trade by Barter with stores where goods can be swapped for another like instant or decentralized exchanges


Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

Someone once wondered if it was possible for an economy or society to function properly without money, and I thought it could be done using well functional barter system that allows stores to be collection points for different products which can then be exchanged with customers for goods and services they wish to barter. For example, if you need a bag of rice, and you have a product that is worth a bag of rice, you take it to a barter store where they exchange it for a bag of rice. But if you don't have any product (goods) to exchange for the bag of rice but have skills, talent or service you can provide, you simply go to the store and they pair you with someone who needs the service in exchange for a bag of rice. I think the worth of a bag of rice would be a week or more of work in several countries.
Meanwhile the store acts as escrow for the rice, which is released after the job is completed.

Can this work online?

Instead thinking about this happening online of which it isn't possible, why don't you appreciate the era of digital marketing where you exchange your goods easily for money then you use the money to buy the equivalent according to your needs instead of carrying your goods from one store exchange to another just to find a match in need of your own goods? Very stressful bro.
That's an ancient means of trading which is by exchange of goods and services including raw materials such as stocks but O think in the modern developments now that era seems stressful.
However, the essence of exchange whether goods or services has been centralized on money because when you've the money, you can always walks up to the store and buy with with the value of money it worths.
Consider the stress on manpower and transportations if this your imagination is reality. Of course it'll trigger a different economy pandemics.

[Stepstowealth]

What's your take on this?

I think the closest we will come to the Batter system is what is being operated currently where people can exchange an older device for example, for a newer one, while adding a little amount of money. I think that's the best we can get to the Batter system and never the way it formerly was operated because resources are no longer as scarce as before and for the example you gave using the rice someone that needs a bag of rice may just decide to go and buy it instead of looking for somebody who will require their own service for it. People will prefer to render their services for cash because cash can be used for multiple reasons and not a benefit receiving something from a batter trade alone.

[rat03gopoh]

Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

It's the oldest and most decentralized form of trading, even when it comes to pricing; I mean, there's no standard reference value; you agree, you take it home. In some areas of my country, there are traditional markets that still maintain this method.

Can this work online?  I think it can,

In fact, this has become commonplace, not just possible. It can mean exchanging digital goods or simply promoting physical goods online. In this forum, the most well-known digital goods trade is wallet.dat files. https://bitcointalk.org/index.php?topic=5242967.0

[snowpega]

....
Can this work online?  I think it can, especially if NFTs ( real NFTs) are used. Real NFT is simply a token backed by a product, that can be used to redeem the product in the barter store.
 On a decentralized or even instant exchanges, there could be marketplaces for people to meet to exchange NFTs and redeem their products at physical barter stores worldwide. If you don't have nft, you could be paired with people who need the service you offer and get paid in NFT.

What's your take on this?

In ancient times, people used to exchange goods in this way. And in case they don't have nothing then they used gold to buy something at that time, and still, if they have nothing, then they work to get something good for their survival. And in today's time, I don't think such implementation is much needed because fiat is available everywhere, and in case one doesn't have physical money, then they can use digital mobile apps to buy the goods they want. That is why I don't think the barter system will be welcome again in today's modern times.

Other than this, if we talk about replacing NFT with other than, this seems me kinda fit as this can be done easily. Because every NFT has its market value that can be replaced with another one that also has the same market value. But I think you are talking about the implementation of NFT's to buy goods in the real world, right? If so, this can also be possible in my point of view.

[Spaceman1000$]

An ideal Trade by Barter with stores where goods can be swapped for another like instant or decentralized exchanges


Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

Someone once wondered if it was possible for an economy or society to function properly without money, and I thought it could be done using well functional barter system that allows stores to be collection points for different products which can then be exchanged with customers for goods and services they wish to barter. For example, if you need a bag of rice, and you have a product that is worth a bag of rice, you take it to a barter store where they exchange it for a bag of rice. But if you don't have any product (goods) to exchange for the bag of rice but have skills, talent or service you can provide, you simply go to the store and they pair you with someone who needs the service in exchange for a bag of rice. I think the worth of a bag of rice would be a week or more of work in several countries.
Meanwhile the store acts as escrow for the rice, which is released after the job is completed.

Can this work online?  I think it can, especially if NFTs ( real NFTs) are used. Real NFT is simply a token backed by a product, that can be used to redeem the product in the barter store.
 On a decentralized or even instant exchanges, there could be marketplaces for people to meet to exchange NFTs and redeem their products at physical barter stores worldwide. If you don't have nft, you could be paired with people who need the service you offer and get paid in NFT.

What's your take on this?

I sincerely like the fact that you were able to visualize this idea and having a framework on how it can be possible, but it is going to have a lot of incumbrances, how do you begin to value what one person brings as against the other, there will be too much of argument concerning who has a better value on various products. Who will ascertain what will be brought to the store house, and if the content of what is being brought is still in good shape, and for how long will those items that are stored in the house stay without getting spoiled if somebody does not come to trade, because people can decide to bring some items to the store room knowing fully well that it has some days to get spoiled. For me the challenges will be too much, probably except the system will be improved upon after observing some challenges but it will not be easy.

[Fortify]

Bartering means swapping goods or services for goods or services without using anything resembling money. Trying to come up with some long winded method of exchanging money into this object so it can act like quasi-money to exchange it for this item is just overcomplicating a system that has already worked just fine for thousands of years. The NFT bubble blew up and then promptly burst, meaning people lost complete faith in any kind of value in these "items" so if you traded your money for them it likely evaporated to a fraction of it's former worth - if you got anything at all for it in the end. These convoluted ideas go nowhere because you're trying to solve a problem that was already solved many times over. Just let it go and stop trying to reinvent the wheel.

[Merit.s]

No need of taking us back to the olden days where trade and barter is the only means to get what you want. I don't like the whole idea of rendering a service and go home with a bag of rice when you can split the money into different parts and buy some other items with the rice. It's not compulsory you buy a bag of rice when you don't have what to cook it with.

Though, the fiat system has flaws and that has made fiat lose its purchasing power overtime but I still prefer it to trade by barter.

[Bitcoin Smith]

Making it online is possible but the problem is how you value the product. There is no metric to visualize the value of both buying and selling so if someone thought their corn is worth $1000 a kilo doesn't make it as much valuable so the product won't sell at all.

And why go into the oldest system when we already found the alternative? Use something as medium of exchange which is good but the problem with fiat is being controlled and printed with no limit that is where bitcoin came into the picture.

[Rgram]

An ideal Trade by Barter with stores where goods can be swapped for another like instant or decentralized exchanges


Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

Someone once wondered if it was possible for an economy or society to function properly without money, and I thought it could be done using well functional barter system that allows stores to be collection points for different products which can then be exchanged with customers for goods and services they wish to barter. For example, if you need a bag of rice, and you have a product that is worth a bag of rice, you take it to a barter store where they exchange it for a bag of rice. But if you don't have any product (goods) to exchange for the bag of rice but have skills, talent or service you can provide, you simply go to the store and they pair you with someone who needs the service in exchange for a bag of rice. I think the worth of a bag of rice would be a week or more of work in several countries.
Meanwhile the store acts as escrow for the rice, which is released after the job is completed.

What's your take on this?

Well, that actual store would be like a junk yard, that’s for sure. I can imagine that there would be several categories for goods that would be accepted at what store for sure but, it’s a model that wouldn’t make the world any easier or better.

This has being an existing model in the past, don’t mean like actual stores but, the barter system and it didn’t work so well which did result in the invention of money.

Now picture this, imagine yourself as a foreign national, you find a product of interest while you travelled overseas, you don’t posses any quality service and you don’t carry any product to barter. What happens to you then, you would find yourself right back where you started, no product and still full of want or need.

Money solves this issue completely.

[viljy]

An interesting idea. In fact, there have already been attempts to do so without a universal equivalent of value and a medium of exchange in the economy, that is, without money. There was also an attempt to deprive money of its own value (Gesell's money). This is due to the fact that money always acquires its own value, rather than being just a means of exchange, and this inevitably generates financial capital - non-productive capital that charges rent from productive capital for access to money.

The barter market has problems with the speed of transactions, due to the difficulty with pricing (matching the value of goods), since there is no equivalent value (a deal without money), and difficulties with quickly finding counterparties for each other. However, tokenization of goods in the form of NFT can speed up transactions. I believe that due to the large size and complexity of such a market, an AI specially created for this task could cope with managing such a system. In any case, it would be an interesting experiment to improve barter.

PS Of course, I mean that the system will be centralized and work online, and physical stores will act only as points of acceptance and delivery of exchanged goods, while transactions with tokenized goods will be concluded online. The larger the system, the easier it is for counterparties to search for each other, i.e. faster transactions and more transactions. There is still an unresolved question about the form in which the system and physical stores will receive rewards.

[BigTarget]

No need of taking us back to the olden days where trade and barter is the only means to get what you want. I don't like the whole idea of rendering a service and go home with a bag of rice when you can split the money into different parts and buy some other items with the rice. It's not compulsory you buy a bag of rice when you don't have what to cook it with.

Though, the fiat system has flaws and that has made fiat lose its purchasing power overtime but I still prefer it to trade by barter.

Barter system was actually a sort of decentralized exchange as well. The example of bag of rice was accurate and you can see in today’s world as well that people do exchange their old products in order to take new ones while they have to pay a bit to replace the old one by new. In my area where electricity winds out frequently solar panels are a must and for hybrid system you ought to have a lithium battery. A few years after the battery becomes weak and you have to replace it. Then the old one is exchanged with the new one yet paying some extra dues.

[YOSHIE]

Imagine having a barter store where goods and services are exchange for other goods and services rather than for money.

As Donald Trump said, back to the stone age, goods could be exchanged for goods, at that time we were no longer at war, no longer at enmity with each other, no longer needed a national and global economic role, you had grapes you exchanged for bicycles, that sounds interesting.

At that time maybe we no longer need to bring ATMs, money and the like, just bring coconuts and get fish, isn't it fun, if that situation happens of course we no longer need banks or the like, Hopefully that situation will happen quickly, we will see shops full of fruit, spices and the like, interesting.