The evaluation of money

Thousands years ago people used seashells as money for the first time. Pieces of clothes, and grains were also used for the same purposes. Then, Lydian discovered the printing money. Metals like copper, silver, nickel and gold were used for this purpose. Banknotes came after. Due to economical growth big companies have accumulated tremendous amounts of money. So printing all of them was meaningless. Most of the money we know is just numbers in the database of banks. Only 1% of the total money in the world is printed on the papers. In 2009 Satoshi Nakamoto discovered bitcoin and you know the rest a new era is just blooming for money. Many many different coins offering different functions are appeared on the market since 2009. Now many investors are searching for which crypto to put money. Obviously many of this coins will die eventually, but on the other hand many will survive and grow. There is no maximalism in the nature and so in the crypto world. Evolution of money is just like the evolution of species.

You all know the Darwin’s theory of evolution. Only the one who can adopt to the environment can survive and grow. Put the market instead of environment in the crypto world. The crypto which can adopt to the market can survive. In the nature, species compete with each other, meanwhile they also collaborate. A healthy ecosystem of cryptos need collaboration of them. One single coin cannot create the ecosystem that will replace fiat money.

Species surive in the nature through their superior features. A gazelle runs fast but lion is stronger, eagle can fly but squirrel can hide. Just like this, cryptos can only survive because of their superior features. If a crypto has nothing new from the others just discard it. Bitcoin is unique due to its wide acceptance and its usability as value storage. Monero provides anonymous transactions and it is better decentralized. Iota is cool for feeless and fast transactions enabling micro payments. Ethereum is the master of smart contracts.

So don’t be a maximalists with the crypto currency. Crptos will compete each other naturally but eventually they will develop a deep collaboration as building an ecosystem for the flow of value in the future.

If you liked the article I appreciate any iota tips since I like to play with it.

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