The Evolution of Money
The concept of money, currency, and value has been consistently been changing throughout human history. And its definitely not stopping now!!! Thats something these old people that hate on cryptocurrency wont be able to understand. The only thing to expect, is change and cryptocurrency will be at the forefront of this change im speaking about..
Look at this One Dollar Bill, that was printed all the way back in 1957 (Shittt my parents werent even alive yet).
Do you notice anything different about it, in comparison to a modern day bill?
For starters the thing that sticks out to me the MOST, is right there at the top
"SILVER CERTIFICATE"
or in other words.....this bill actually had value.
"This certifies that there is on deposit in the treasury of The United States of America One Dollar in silver payable to the bearer on demand."
or in other words.....we promise we have the same amount of silver stored as the amount of bills in circulation
or in other other words...... this fucking money is backed by something else of equal value!
wooaaah woahh woahhhhh lets stop right here
Is this concept of having your countries money backed by silver or gold or anything else of value, a thing of the past that we all just magically forgot about????
I sure as hell didnt forget.
This modern day United States $100 has ZEROOOO mention of anything about Silver or being able to redeem something from a treasury. The only thing im seeing here is some fancy Monopoly money. The words Federal Reserve Note were no where to be found on the 1957 Bill and nowadays thats the only thing we can find on a bill. This "Federal Reserve" which isnt even Federal and the biggest joke of it all is that there is no Reserve!!!!!! This new monopoly money is as worthless as BitConnect (ok maybe not that worthless, but you get the point)
In due time, money will change forms again. This thing that we call STEEM and Steem Dollars will be seen as money by more and more people. STEEM has backing, value, uses, a growing community and im excited to see where it takes all of us...
It really is a "rat race" that we're all running around trying to get more of something doesn't even have true value. It's quite funny but actually really sad.
Nixon killed the future of dollar in 1971. It is inevitable for bitcoin to become source of new payment system. I would give it another 5 years until bitcoin starts fully function and the banks start diminish.
Humans aren't used to change readily, they adopt changes slowly, it can be seen in the previous generations also, humans don't want to adopt new things quickly but at some stage they do, same is the case with crypto, humans have to adopt it at some stage and that stage isn't that far.
Beautiful content about the evolution of money. Money is the most important things in our life but i think the world has been changed and now our new generation understand the value of cryptocurrency. Cryptos are better than old banking system. Just need some times to be regulated it. Thank you sir for the valuable content sharing with us.
A valid point to bring this to our attention over and over again!
Steem On!
At some point I do hate fiat especially when it became a printing machine. Yes, we still need fiat, we still need dollars 💵 to pay our groceries, loans, bills... But it’s only matter of time when it all changes and that’s what excites me the most. I do hold fiat, I don’t have much of a choice. At the same time I’m switching my investments to cryptocurency. Step by step, it’s never too late. Eventually, you are right. Fiat will becomes worthless!
"Change is inevitable", my dear friend. There's always been big revolutions behind every big thing happened in our world. So this does apply in the case of cryptos. I'm all ok with your point of view and I want to add that my country India is not different as well. They are not even ready to understand the potential cryptos have got. I think our Govts simply playing with the fire. One day they have to legalise this system along with the people involved in it. Hope for the best and Steem, SBD and STEEMIT above all all the best for the future.
A wise person should have money in their head, but not in their heart
Change is basically the only constant thing. The world evolves and so those the things contained in it. Including us, humans.
The dollar was backed by some kind of value. That made it as predominant as it is now. Our Steem is also backed by value. Why then wouldn’t it become as predominant too?
It is unfortunate that now printing money is no longer needed guarantee from gold. central bank bankers from any country can print money only with artificial certificate capital. this is really sickening ...
I think the digital currency is the concept of future money that is able to provide peace in life. because digital money is very minimal manipulation.
Thank you Mr @positivebalances for sharing good article