The cashless world is no more a vision, it is now the closest it has ever been to reality and people all around the globe cannot deny it. About a decade ago, bitcoin, or as we commonly call it, cryptocurrency was born. It all began with the idea of a no-cash-life. So, what would be a world without physical money? Ever given thought to it? Let me tell you, it’s not at all scary. You may not know but way before the agricultural and industrial revolution, the world traded and survived with the help of the Barter system.
What is the barter system?
The barter system has existed since early civilization. People began as individuals hunting for food and shelter. They later realized that they need to form social groups for survival because many individuals wanted the same thing and they can’t always win it. So communities came into being where different people worked together to hunt for food. Shelter and territory are what became the root cause of demarcation. People invaded some areas and marked it as their territory.
Later on, they began to grow crops that would suit them best on that particular land. Here entered the need to trade. Some crops that were necessary for survival had to be accessed somehow. People couldn’t go on the war for this stuff so they decided to trade it. All material things were now divided into necessities and commodities. The latter being the extra or non-essential things. These were used as cash in the early days. And this system was known as the Barter system.
Fast-forward to industrial revolution
When commodities took the shape of luxuries, they could not be no longer exchanged. And then entered the industrial revolution, which demanded some other more powerful source of trading, MONEY. Today we have a saying that technically money can buy you everything. It is a piece of paper with some stamps that make it worthy and people buy things using this money.
But soon after life started shifting to the online world, the physical money began to lose its worth. And the world realized that it needs a bitcoin revolution software that would wipe away the real money. And no lies, it actually is doing that. Bitcoins are virtual money that has no existence in the real world but is of prime importance in the virtual world.
Bitcoin – a threat or a treat
One bitcoin revolution software review is of the view that cryptocurrency is making the world independent. And in a sense, it cannot be more right. You don’t have to fear for the real world money or have to wait in lines to get your paycheck cashed. You want to buy something, just tap one key and you are good to go. We are heading towards a safer and faster world.
However, orthodox minds don’t relish this idea. Bitcoin currency is squeezing or narrowing the aspects of the world and, moreover, it is more prone to loss and hacking than real money. It is, therefore, a long debate on whether we are doing the right thing but one thing, we all are sure about, is the bitcoin revolution is the next big thing for us.