Sirwin
Sirwin
Swap, beer, salt, coins from metal alloys, gold, paper money, barter system, credit card... BITCOIN.   Payment systems and th

Swap, beer, salt, paper money... BITCOIN. Payment methods and the transformation of the economy.

By Apoaca | crypto_world | 21 Apr 2020


 

Does Bitcoin have any value? Is Bitcoin an investment tool?

Can Bitcoin be a payment system? Is Bitcoin mining profitable enough?

These are the questions that both Bitcoin opponents and Bitcoin fans emphasize.

However, human history has met with many different payment systems and value tools before Bitcoin. Together we can decide how logical or unreasonable Bitcoin is in this cycle.

 

1-Swap 

swap

Located in one of the Sumerian cities in Mesopotamia, this clay tablet dates back 2500 years.

What makes this tablet important is that it is a trade agreement. Swap was the first payment method in human history.

In this tablet, he tells a person named Tupsikka, who bought a land with 22,000 liters of barley, 7 kilos of wool and 15 liters of oil.

 

2-Beer

Beer

Tablet located in Sumer city Uruk in Mesopotamia between 3100 and 3000 BC, this tablet shows the amount of beer that a worker remained as a salary.

In the tablet located in Sumer city Uruk, the image of a person eating from a bowl means "food ration" and a cone-shaped container "beer".  Semicircular scratches scattered on the tablet show the amount of beer a particular worker receives. These features make the tablet the oldest known salary check in the world.

 

3-Salt

salt

Although the Roman Empire did not monopolize salt sales like the Chinese, it did not hesitate to check the salt prices when it deems necessary. Documents of the first intervention of the Roman state in salt prices, BC. It belongs to 506.

During the Roman Empire, soldiers' salaries were sometimes paid by giving salt instead of money. For this reason, soldiers who did their jobs well in the past were called “deserves the salt they received”.

It is believed that the word “salary” derives from the Latin word “sal” which means salt.

 

4-The Electrum Lion Coins 

the electrum lion coins

The Lydians, a rich people who lived in Western Anatolia, created a new economic model by making the first coin in history in the 7th century BC.  The first Lydian coins were minted during the reign of King Alyattes.

The lion's head, the symbol of the Lydian Kingdom, was placed on the first coins mined from the "electrum" gold-silver mixture.

The Lydians changed the World economic system by printing the first coin in history.

 

4 –  First Banknote

banknote

The paper money in the photo is a banknote known as the Great Ming Circulation Treasure. It was published in China in 1375.

This banknote is worth 1,000 city coins. On top of the coin are 10 sets of coins, each with 100 coins. The banknote was 1.5 meters long and weighed about 3 kg.

It was the beginning of a new model in the economy. This was followed by banknotes printed in Europe.

 

5-  Barter System

 One of the most important models in the economy, there are also interesting examples of the Barter system.

  • Parmesan Cheese

permasan 

Permesan cheese is still used by bartering in Northern Italy and Romania. Banco Emiliano Bank in Italy accepts these cheeses as collateral. In 2009, a robbery attempt was made to the bank, which has a cheese reserve of $ 187 million.

  • Tea Blocks

tea 

Tea blocks created by pressing the tea leaves were used as a substitute for money in some Asian countries until the Second World War. Tea blocks were used in Asian countries from the 19th century until 1935 in animal purchases and tax payments in countries such as Mongolia, Siberia and Tibet. At that time, a single tea block was about 1 rupee. For these countries, tea blocks were much more valuable than the money of the period.

  • Bottle Caps

 bottle caps

In 2005, a beer producer company in Cameroon decided to place various gifts under the lids of beer cans to increase sales.

After this decision, when the people of Cameroon showed great interest in the campaign and sales increased, they followed the same tactics in competing companies.

In a short time, it was possible to win almost many gifts from beer caps to free beers to sports cars.

In the same year, although a bottle of beer was sold for $ 1 in Cameroon, beer bottles were sold for the same price, that is, $ 1, or they could buy and buy different products.

 

 6-  Credit Card

credit

The cards, used for the first time in the USA in the late 19th century, were used in several hotels, oil companies and restaurants. However, with the wars and economic crisis, interest in these cards decreased.

There is an interesting story of the emergence of the credit cards we use today.

A lawyer named Frank McNamara goes to the restaurant to eat with his friend. When he wants to pay for the food, he realizes that there is no cash with him. To overcome this situation, he signs the back of his business card and pays his debt.

After this event, he begins to think about how different methods can be used to pay accounts without using money. As a result of this, McNamara Diners Club Credit Card, which is similar to today's credit card, is revealed. It is able to attract attention in card banks, which have gained a universal dimension in a short time. Bank of America and American Express Company issued their first cards in 1958.

The world economy meets a new payment model and credit cards are spread all over the world in a very short time.

 

7-  Bitcoin

bitcoin

A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.

If someone try to change just one letter or number in a block of transactions, it will also affect all of the following blocks. Due to it being a public ledger, the mistake or fraud attempt can be easily spotted and corrected by anyone.

Instead of relying on a government to print new currency, Bitcoin’s blockchain programming handles when bitcoins are made and how many are produced.  There are currently about 17 million bitcoins in circulation. There isn’t a central regulatory agency or government controlling the supply of bitcoins, the total supply to ever be created is capped at 21 million bitcoins.

Bitcoin's innovations have led to the adoption of Bitcoin in a short time and the rapidly increasing use of Bitcoin.

 

Purpose of the Article

I wanted to examine some of the economic models that human beings have created in the historical process so that Bitcoin is not only discussed as a tool of value. I wanted to exclude important economic concepts such as checks, promissory notes, and stock markets. We can address these in other articles. For example ; Like the Tulip Stock Exchange that emerged in the 1600s in the Netherlands.

Unlike the value tools I mentioned above, Bitcoin is not just an economic model for human beings. It is a philosophical subject of debate.

I would be glad if you share your own thoughts and information both in the article and not in the article.

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Apoaca
Apoaca

Man who loves crypto coins


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What Sataoshi Nakamato created was not just Bitcoin. Satoshi wanted to create a new world. A new economic system. A new foolish debate. Satoshi recreated privacy. Crypto will shape the future.

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