You are viewing a single comment's thread from:

RE: ADSactly On ADSACTLY - Producers and Others

in #adsactly7 years ago (edited)

Yesterday, we were used to thinking of small greenish paper rectangles as the definition of money, and we thought of the US government as the only source of money. At first, it was every man for himself. You ate or wore what you could pick or catch. If you had some extra meat, and your neighbor had an extra bottle of alcohol, you might make a direct exchange. If food, water, clothing, and simple tools were the only goods on the market, you could had always found someone who had what you wanted and wants what you had. But at the end the meat spoiled... The point is that money was created naturally, as a way of aiding in voluntary economic transactions. It was one of the greatest inventions ever. Money not only made it easier for people to buy what they wanted, it also made saving much more possible you could accumulate excess money to spend at a later point. Then the decentralized crypto came...