You are viewing a single comment's thread from:

RE: Billionaire Carl Icahn says he may drop up to $1.5B into crypto

in #newslink3 years ago (edited)

That will be a great deal. We look forward to that.

Cryptocurrency is the future

The Evoluton of money.

Greetings fellow steem friends. I will like to share with you these random ideas that came to my head and reminded me about my days in school.

While in secondary school ,Form 3.i began studying Economics as a subject in school . I developed so much interest untill I got to the high school and scored a rather poor grade at the GCE . I will like to state here that out of my three subjects, I performed better in mathematics and Geography yet understood economics better than all because I could see the basic principles of life in applications

When I say life in application I am talking the following topics

  1. Price Theory
  2. Demand and Supply
  3. Population
    4 Money ........and the list continues.

Now not to bore you with much unnecessary stuff, my inspiration to write this post comes from the last point above which is MONEY. And further under money I will lay emphasis on the THE EVOLUTION OF MONEY till today when we are in cryptocurrency

Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money.

Thw evolution of money can be tressed back to 600BC when trade by barter was the only means of exchange of goods and services. Meaning if you needed something you had to look for someone who had what you needed and needed what you had. This led to the problem economist term as DOUBLE COINCIDENCE OF WANTS.

You would have realised that the coming into usage of the money type is because of the problems of the previous( better solution to previous)

Due to the problem of double Coincidence of want economist proposed metallic money which was stored with the blacksmiths

Due to so many persons going to a few blacksmiths and so on they had to progress to representative money which was on sheets of papers and it followed. This became universally accepted and each country had it's own currency which is accepted just in that country or a region (like the CEMAC REGION)
These currencies have been in use even till date. As we entered the electronic money which is widespread here in our country (mobile money ,orange money,Express union money):

Now given that electronic money still has limitations especially as some users are spread all over the world. There will be a problem of EXCHANGE and its RATES. This now lead us to the most recent one cryptocurrency, which is more secured and also universal to use.

The world gradually becoming a global village with the use of thousands of crypto coins which facilitate transactions everywhere.

It is not certain as to if this is the end of the road for money or other ones will come up that are much more better.

I just thought of all these this evening and it inspired me to write to you my steem

Hope you enjoyed reading

Thank you

Your post reminds me of this.

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.033
BTC 62980.19
ETH 3123.74
USDT 1.00
SBD 3.87