RE: What if you had the power to reinvent money
October 8, 2017 at 6:22 am
(This post was last modified: October 8, 2017 at 6:25 am by Thumpalumpacus.)
(October 7, 2017 at 9:45 pm)paulpablo Wrote:(October 7, 2017 at 3:33 pm)Khemikal Wrote: We've already reinvented it. Most people, if you turned out their pockets, wouldn't have any bills or loose change. Plastic.
More portable than cash and -slightly- more difficult to usefully steal. I guess we could do away with the cards someday in favor of biometrics.
This is pretty much the answer in the sense that money has progressed from coins and notes. It's been reinvented as far as I understand, from gold, to notes and coins, to electronic information, there's currency like bitcoin.
The story of money is the story of valuations moving from the concrete to the abstract.
(October 8, 2017 at 3:06 am)pool the matey Wrote: I think barter system was much more easier with the poor. Like imagine if some rich guy needed to buy a private jet but he's a potato farmer. So he'll have to give tons and tons of potatoes in exchange. So then they can't exactly store these potatoes forever because it'll get bad so then they'll have to sell it in lower price. So less price for food for everyone!
That jet won't get built in an economy so simple as to be based on barter.
