WHAT IS MONEY?
I do ask the question and I am sure everyone in the community will have an answer pertaining to the adaptation of money. That would be very easy coming over and trying to educate anyone about money.
Far from that I ask the question with the objective for my fellow diamond paws to give value where it is due. It does not matter what you want to define as money. It does matter that if you have some you need to protect it.
You need to make sure it is not sitting around doing nothing. Writing this post takes time and ideas flowing to my grey matter. I do cherish your time and I know by reading this if you have money, you earn it by a means of production. Even a decent post takes an amount of time to publish.
Thanks to technology, money comes in different shapes or forms. The beauty of money these days, it remains in the internet where we all keep a close look on how it performs. For many cash could represent money. I bet you people from Venezuela will think otherwise for the paper bill. This is why they use the US dollar for many transactions. To add more they are using the best money ever.
I have to say it, crypto. The beauty that comes with crypto, you get to earn it by a million ways.
Crypto belongs to you. The value of crypto has a lot to do with the holders. We are moving to a space where people need to be informed about this new kind of money.
So many folks in the US still have an abstract idea about crypto currency.
While the value is higher grade than fiat currency, they remain in the narrow mind of the dollar.
It does not matter where you live, money is essential to your survival. The more you have, the quicker you can decide. Having crypto coming to the game did change a lot for many.
Asking what is money, is just an euphory to keep you going and be grateful if you have some.
Keep in mind with crypto you can find other ways to earn money or you can say to earn crypto.
As long you are producing and you can exchange it for goods, you are in good hands
Keep on vesting in you and you will never run out of money.
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Crypto is life changing and the best way to earn money. I am glad to be into crypto and having what I have now.
Crypto is about to empower you to do more than earn money.
Just do your thing and the sky will remain blue.
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Hmm.. thanks 😊
The Fed hasnt been able to answer that question since the 1970s so how will anyone else?
There are so many different forms of money, especially floating through the international banking industry. It is a topic that isnt too clear.
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We have been taking that blue pill for a while.
The FED is just doing the controlling part by printing the greenback.
!BEER
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BEER.Hey @taskmaster4450le, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Am happy my definition of money is not limited to fiat. Crypto has come to stay and it is going to see remarkable progress in few years to come,a lot of people will embrace it very soon as it will spread like wild fire around the globe. I call it my own kind of money... Smiles.
Thanks for this awesome content.
Crypto has opened the eyes of many about money.
Time will come where wealth will be the cornerstone
not money.
Glad you find progress in crypto.
More will come
!BEER
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BEER.Hey @lhorgical, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Right now the cash here in Venezuela, both Bolívares and Dollars, are difficult to get right now the economy is stagnant and I don't see where they can reactivate it, only with cryptocurrencies we find a lifeline and there we support ourselves, also how you say in your publication Cryptocurrencies are obtained and we can exchange it for another of our preference and reinvest it in our future. You know friend, I thank God every day for allowing me to be part of the #Hive family and to have a tool for a brighter future.
Hive can do wonders.
I am glad you are.
The day I made this community mine
I saw a future, it is not clear yet but I can see a spark from afar that coming to me.
Time will tell.
!BEER
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correct in only time will tell but the path we are on is one of absolute certainty that we are going to achieve a bright future.
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BEER.Hey @hjrrodriguez, here is a little bit of
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BEER.Money is hard to define but putting your money to work is the best way to generate wealth. In a way the crypto market is an extension of the stock market but without the control. So investing your money in stocks or crypto can be a way to grow your wealth. Of course this requires you to actually do research on projects.
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Interesting post well i'd define money this way. I would define it as energy, similar to a currency or the root word "current" that is self created and self generated. Whereas traditional currencies would be issued or decreed, mandated.
I would not define most cryptocurrencies as money. I'd look at something like hive more like a business or an unregulated security for funding or raising money. I'd look at projects like bitcoin myk on hive as a money.
Why? because the idea of bitcoin myk is not to buy it. It's created under rules and the algo of your activity itself creates the energy. This is different than hive which the money is created through a type of mining and this is condensed down to a voting system where typically people with the most money create the most value. I think that's a backwards idea to decentraliztion but i digress.
So in these rules of money. There isn't anyone who decides the value of the money. It's value is intrinsic and based on universal law. In bitcoin myk we take out manipulation of money how it's created in order to to make it moreso model after universal law. As to say food and water even if you used it as a money would always be valuable independent of your opinion as you need it to live.
bitcoin myk works a similar way. it's saying that everyones activity and the amount of energy or electricity they generate would always have to be of the same value.. You couldn't in essence have some guy come around and he make your value more or less that would be ridiculous.
So most people don't understand money have no idea how it works or what they are doing. Even how they confuse these cryptos as money is dumb they act more like stocks and derivatives than money or currency. For example currency has no more value at $1 than it has at $1 million. It's only use is to facilitate a trade or act as a medium of exchange.
So a money within itself is usable aside for itself. So you can trade food or water or eat it. You can trade bitcoin myk for another crypto or you can always promote and advertise with it. On the network and it will always be of the same use and value and exposure no matter what the market price is.
So now you talking about something totally different in idea than what they are doing with the shellgame in crypto and in the standard econoy. Where money can be less valuable today and that's generally due to price manipulation. The same loaf of bread for you yesterday probably has the same value. it does the same thing. It is outside forces that manipulate it. However if you have the bread you have the bread it does the exact same thing you consume that many calories.
I hope you still following as many in crypto are completely lost and hopeless, lol. I think of them as nothing more than glorified gamblers and i have very little respect for them based on their laziness and lackadasical behavior to move like drones throughout this space.
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