Quote from: Yacov on April 26, 2018, 11:38:03 AM

Quote from: mcqueen95 on February 24, 2018, 03:41:49 PM

Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?

before money first money was created (shells, ceasalt) people used only barter ways to gain what they want. Well, seems like it didnt work out well.

During barter system, there are lot of problem that they have encountered, that is why they are thankful when money was created that they can finally evaluate or measure properly the value of the thing that they are buying/selling, soon, it won't be impossible if crypto will replace fiat too.