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Author Topic: Evolution of currencies  (Read 221 times)
RockHenki
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May 05, 2018, 09:43:23 AM
 #41

of course, I believe that the evolution of electronic money more and better it changed the world, by the time the electronic money developed, modern and sophisticated technology, more and more users demand more more utility, in the payment transactions online so I think that in the future people will accept the electronic money.

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May 05, 2018, 09:43:44 AM
 #42

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 will always be currency. Although time could past by and differ its principles but in terms of its definition it wil probably be as is. As a lot of things could probably change knowing that change is the only one that is constant, paradox but true and somehow continuong to be what it is. This is why some definitions stated where just in addition to what was the usual things about currency that we do know.

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May 06, 2018, 12:40:43 PM
 #43

I do not understand what you mean by energy, but I know the currency is used for trading tools in trade, if you mean the trade revolution from barter, paper money even now crypto money, it's just a journey of change that everyone hopes life is all better and easier, of course, it's a natural thing that flows with the advancement of the times and the way people think

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May 06, 2018, 12:58:03 PM
 #44

 "It's a wonderful evolution going on and it's not possible to stop it." We started with barter, gold and silver, paper money and plastic cards. And now we are on the threshold of a completely new era - the era of crypto currency.

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May 09, 2018, 03:13:43 PM
 #45

yes, and this evolution is supported by human nature that is never satisfied, bored, and even saturated. then making humans have the power to create new innovations, such as currency.

I think that bitcoin is not the end of currency evolution. and I believe that in the future there will also emerge new currency systems, and even become bitcoin rivals.

today we have not thought deeper.

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May 09, 2018, 03:18:50 PM
 #46

Great evolution, I would say
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May 09, 2018, 03:21:03 PM
 #47

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.
Yes quite an interesting idea. My personal opinion is that Yes, the bitcoin will evolve. Because now the 21st century is the age of technology and I think soon the whole world will come to a new level.

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May 11, 2018, 05:56:08 PM
 #48

If we look closer to cerrency history we can see that people were using shells)) so from shell to virtual money - that's impressive!
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May 12, 2018, 07:12:40 AM
 #49

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.
Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters.

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May 12, 2018, 07:19:47 AM
 #50


[/quote]
Brother I find your concept very very interesting, the way you showed the transfer of energy. In ancient times there used to be the barter system for buying goods so obviously you need not to worry about the money , you just exchange your good with the thing you wanted and this is the best exchange of energy there comes gold in exchange of your goods then now the latest form is buying goods in exchange of money and trust me dude no one can burn their money in very cold winters.
[/quote]
Barter system is good, but what somebody does not produce anything - he wold die, I guess.
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May 19, 2018, 07:06:35 PM
 #51

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.

From where you think bitcoin is the destruction of energy ? Its a digital currency and there's nothing required to start with it. Its not destroying the economy. Its a powerful currency which help us to improve our life.  i am student and bitcoin always helps me to pay my dues, Internet bill, Food and everything that required to live in hostel. Do you think its destruction of energy?

You're totally wrong that its a energy and help people for self destruction  Huh

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May 21, 2018, 02:56:55 AM
 #52

Destruction is not the right word but consumed. It just like oil that is needed to run a car. Coal power plants and electricity are the main source energy to run mining rigs which is just normal for people to use because it is our resources.

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May 21, 2018, 03:06:32 AM
 #53

In my opinion, the historical revolution called bitcoin has changed the concept and definition of currency in the world. Indeed, in terms of digital money, bitcoin and crypto are bringing the ability to promote global growth in new currency with more advanced features. Decentralization and peer. It may be too early to assert a stable and sustainable foundation of the blockchain industry relative to its value and there are many challenges that need to be overcome and balanced. But I believe, the birth of bitcoin is bringing about great changes in the nature of people and their lives.

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May 21, 2018, 05:26:06 AM
 #54

Currency is only a means of exchange

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May 26, 2018, 08:20:49 AM
 #55

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.
Earlier the mode of buying and selling of goods was barter system where they have to exchange goods in exchange of goods then comes the taking gold in exchange of goods , it was a kind of investment also that one you take gold in exchange of your goods , you could save it for future use till the valuation of gold increases then you can earn the profit also in this mode of payment but as the time passes, the payment system becomes very convenient and easy and now people take money or currency for buying or selling things , this is the best method I guess but there is no flow of energy in this method

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