Is Money A Commodity ? (Difference between Money & Barter)
Money was developed to solve the problem of not being able to exchange skill sets or goods in barter. Money can go up and down in value, so
Is money a commodity.
Money is different than a commodity
Back in the day the idea of using goods or services to barter was not the most convenient thing to do. Both parts of the deal have to be willing to have the other good or service with the same value. You can imagine how this was very inconvenient. Then, people started using certain goods for trading. They chose the goods considering its intrinsic value and the ability to last for a long time.
But there was another problem, these goods chosen for trade had to be divisible to allow for an efficient exchange.
Gold and currency were chosen through the years because they were more convenient and easy to use. Way better then all they other commodities that were used for trade.
The main difference between money and barter is that the money is agreed upon paper or coin. In barter people are directly trading goods and service.
As I am sure that most of us would agree that money is compleatly different than crypto currency . The United States' government listed bitcoin as a commodity along side with gold and oil. So gold now became a commodity,
Gold was actually money, but now is classified as a commodity.
So,
IS MONEY DIFFERENT THAN A COMMODITY?
The more important question is,
IS BITCOIN A COMMODITY?
If So, Then
IS MONEY DIFFERENT THAN CRYPTO-CURRENCY AFTER ALL?
It all depends how people classify it. Basically paper money have no value what so ever,but people still use it. So its all about what people choose to use for trade. Which is cryptocurrency in the near future. :)
Is All About how you look at it . :)
What must be kept in mind in order to understand the concept is that electronic money has first and foremost been conceived as a counter-power, a tool of freedom, facing the capitalist oligarchy.
now its an other concept of money :)
its new world of cryptocurrency:)
followed
True, very excited to see how it will play.
Thank you :)
In any case, I imagine that this is one of the challenges of this century and that crypto-money has not stopped being talked about in a period when people are increasingly questioning The soundness of its economic and political system...