π—•π—œπ—§π—–π—’π—œπ—‘ AND THE WORLD IS FLAT PART 1

3Aud...JCs4
7 Mar 2024
11

Looking back at the entire history up to the present, we can see that the development trend of human society is moving in the direction of ensuring that people have more and more freedom: freedom to move and reside, freedom to come up with a plan of action... And with the possibility of greater freedom, the development of human society becomes faster and stronger. Production of goods and use of money is one of the most important inventions of humanity in the direction of enhancing the above mentioned rights and freedoms. Thanks to the use, and especially international currency, the exchange of goods, residence and travel of people has become easier than ever.
7 thousand years ago in the Mesopotamia river basin, now the land located along the Tigrit (Tigris) and Owprat (Euphrates) rivers, the administrative government of human society was formed.
Looking back at the entire history up to the present, we can see that the development trend of human society is moving in the direction of ensuring people's well-being. One of its main functions is to redistribute social products to its members, in a society that already has a division of labor. People used grain as a means to pay for labor, and used mung clay pots as a unit of measurement. Equivalence assessment is an important step forward in the use of fiat currency tools. And the appearance of conventional money units is a natural need for an objective tool to measure the value of goods. The importance of having a conventional currency tool to measure the value of goods is the same as having a tool to measure length, measure mass, or measure time; Without a conventional currency, the exchange of goods cannot occur, that is, it is impossible to create a commodity-producing society. However, fiat money based on agricultural products is not a good tool to store assets, because agricultural products will spoil over time. And gradually, naturally, people switched to using rare metals as currency. Then came the use of paper money, which is convenient to carry on long trips. And finally, the transferred money is kept in banks so it can be stored and invested.
Whenever we talk about money, we often think of its role as a tool used to meet the need for a means of payment, a means of storing assets, a means of investment, and a tool to carry out the purpose. An important and inseparable part of conventional money is how to prevent them from being counterfeited. Agricultural products are created based on labor and therefore money itself has value, and people also imagine the amount of effort required to create them as a basis for conversion; they cannot be counterfeited. Gold, silver and rare metals are valuable in themselves because of the effort involved in mining them; they also cannot be counterfeited. Conventional paper currency itself has no value, so its value is guaranteed by the state and anti-counterfeiting is implemented based on printing technology secrets to avoid counterfeiting. Once not guaranteed by the state, paper money becomes worthless. Choosing secret criteria in money printing technology is not a simple task, because on the one hand it must be difficult to do so that almost no one can imitate it, on the other hand it must be simple enough for an ordinary person to do. You can usually tell which money is real and which is fake money. Due to such control, the difficulty of technology is not unlimited and in fact money printing technology is not a permanent secret.

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