A Barter Economy is one in which there is no commonly accepted means of exchange, in that system goods are exchanged directly for other goods.
As society evolves, new needs appear from whose lack of satisfaction, problems arise. This is how Barter moved away from being a solution and became a problem since the direct exchange of goods and services without money was very difficult since it slowed down the possibilities of specialization and progress of the different economies, and it also limited trade to a certain geographical area when it came to the "trading" of goods and services of great volume and / or complexity, according to the requirements and desires of the individual and even entire communities.
To make a Barter, those involved in the transaction had to have a mutual interest and need, that is, if someone had Wheat, for example, and required Meat, they had to find an individual who had Meat and required Wheat ... that is impractical
To solve the problem, an element was taken as a reference value that would serve to regulate the exchanges, they varied from cattle, Gold, Silver and Salt, hence the name of Salary to the payment made to workers.
In order to further simplify the work, the Publicans (tax collectors) devised to mint coins from metals to which they stamped a value, that not only facilitated the exchange, but also accommodated the storage in the vaults of the State and Since then, it is the different Republics who reserve the right of its minting in the CECAS or Mint Houses and the respective distribution from the Central Banks to the Commercial Banks and from there to the general public.
Money is a generally successful medium of exchange for the community to carry out transactions and the cancellation of debts and therefore avoids direct barter. It is also used as a unit of account, understood as the one in which prices are set and accounts are kept. Unit volume is used because it serves as a measure of value, this is to calculate how much the different goods and services are worth.
Likewise, money is a store of value, it is a financial asset that serves as a deposit. It is a way of maintaining wealth, that is, the amount of goods and services that can be bought with it and it varies when the general level of prices is altered, thus during periods of inflation the purchasing power of Money decreases.
It also works as a Deferred Payment Pattern because the payments to be made in the future must also be set in Money.
For our current reality and the economically turbulent environment that surrounds us, the most important characteristic of Money is that there is a whole range of financial and non-financial assets that also act as Value Deposits and that have a higher profitability than Money, that is, , is an Asset of Nominal Value Constate
The appearance of Checks marked the most comfortable way of transferring Money, then Credit Cards and Debit Cards appear, all of them involve the trust factor for their acceptance.
For the exchange of Money, Commercial Banks were created, which function as intermediaries and guarantors of the amount of Money entrusted to them by their clients. Banks are in charge of mobilizing the "Wealth" of their clients with financial instruments designed for this purpose. For trading with Money, the intermediation of a bank is essential, which for this they used a Pattern set for a suitable amount of Gold, time then specifically in 1944 a new Standard was introduced: The Dollar, whose parity with Gold was 35 dollars for 1 ounce of gold and from there different parities of the other currencies with the Dollar were established, later in 1971 President Nixon eliminated the Gold Standard and the currency fluctuation began and Fiduciary Money appears whose value is intrinsically controlled by the Central Banks of each country or by the European Central Bank for the member countries of the European Union.
In this way, Gold and precious metals stopped supporting the currency or Money in each country, their value is based on the reserves and the capacity to produce goods and services of the Nation, especially in the TRUST and acceptance in the MOBILITY, they will wonder why the emphasis, well, because that is the greatest competitive advantage of CRYPTOCURRENCY with respect to Fiduciary Money since they are decentralized (they do not require banks for their intermediation) they do not depend on any Nation, they do not require tangible infrastructure , They are "In view and availability" of the owner at any time and place in the world as long as there is telecommunications, so what were they missing? Generate TRUST and… it has arrived… trust has already been generated, and the "CRYPTOCURRENCYHOLDERS" we have faith in them and every day we are more.
38 years after David Chaum created the E-CASH and 26 years of DIGI-CASH as methods to encrypt banking and financial transactions in general, there are not a few organizations that allow the payment of their products in Cryptocurrencies and make large investments is you are, such is the recent case of Tesla that, after the purchase of xxxxx catapulted the value of Bitcoint.
The term "Cryptocurrency" was introduced by Wei Dai in 1998, thus baptizing the proposal for a new decentralized and totally cryptographic payment system.
As needs make the individual and force changes, in fact they were the ones that forced the transformation of the monkey into man, before the world economic crisis of 2009 and, before the imperative requirement to protect the heritage and assets Satoshi Nakamoto (thus calls, but apparently it is not his real name) created the first Cryptocurrency: Bitcoin, offering it as a new form of payment with international validity and best of all: it did not depend on any government or any nation, it does not require bank intermediation .
As every change generates resistance, society did not accept it immediately, the turning point is constituted by the purchase of Pizza, famous not for itself, but because it was the first purchase-sale operation that was carried out with Bitcoint, from there it began To build trust, the world no longer saw that it was not utopian to pay with a "Money" that we do not see ... that we do not touch (except in Souvenirs) now until I, if I want and I stick to programming and developing a code I can create a Cryptocurrencies for my company, with it I would trade my commercial operations.
This flowering has not been free, it is also in response to a great crisis, which we have been experiencing for just over a year due to the Pandemic, it has been a blessing to have a means of payment that does not require us to leave home.
Regarding the legal bases for its production, some laws have already been created that regulate its operation and there are licenses that allow the conversion of Fiduciary Money to Cryptographic and vice versa, there are constantly increasing in the world the communities whose local authorities encourage its use for collection of taxes.
What are we missing? Continue to massify and diversify its use and for that, I have designed an "Education Plan for Small and Medium Businesses and Industries in the Use of Cryptocurrencies" as a small contribution to the citizens of my town and at the same time satisfy my need to investigate and create .
In a future installment I will show you what the aforementioned Plan consists of, of which I already have a prototype and is undergoing experimentation and with which I intend to facilitate commercial transactions that have been affected by the lack of cash, in addition to being a form sure to protect us from hyperinflation and an economically turbulent environment
