People like to trade stuff. People figured out a long time ago it was easier to trade to get stuff you want than to collect or create everything yourself.
Now trading isn't super easy if it's 1:1. For instance if I make ketchup, no matter how much I make no one is gonna give me a car for it. No one needs a million ketchup packets.
That's where money comes in. I can sell my ketchup packets to lots of people for currency and then eventually use that to buy a car.
Currency changes over time. Early on people bartered with seashells, grain, salt you name it. Eventually gold came along, and that lasted a LONG time.
The chinese invented paper, and started to make paper money. This was a departure from gold because the paper really had little value, but what the heck it still worked as currency why not.
In today's world we now use a variety of currency. The dollar, bitcoin, gamestonk. But what's the future?
I have a feeling we will move to something digital, but it'll likely be more like a digital dollar. The value is still made up and it's blessed into existence by a bank.
Do you guys think we are gonna move to a fully cashless society? Do you think we are gonna move to a blockchain? Facebook's crappy fake money?
Now trading isn't super easy if it's 1:1. For instance if I make ketchup, no matter how much I make no one is gonna give me a car for it. No one needs a million ketchup packets.
That's where money comes in. I can sell my ketchup packets to lots of people for currency and then eventually use that to buy a car.
Currency changes over time. Early on people bartered with seashells, grain, salt you name it. Eventually gold came along, and that lasted a LONG time.
The chinese invented paper, and started to make paper money. This was a departure from gold because the paper really had little value, but what the heck it still worked as currency why not.
In today's world we now use a variety of currency. The dollar, bitcoin, gamestonk. But what's the future?
I have a feeling we will move to something digital, but it'll likely be more like a digital dollar. The value is still made up and it's blessed into existence by a bank.
Do you guys think we are gonna move to a fully cashless society? Do you think we are gonna move to a blockchain? Facebook's crappy fake money?