Comments on: Currency, since it’s creation, has it benefited or hurt man?

By: Mike

Mike — Tue, 30 Nov 1999 00:00:00 +0000

its raped us, we are now slaves of paper

By: Don H

Don H — Tue, 30 Nov 1999 00:00:00 +0000

It benefits a few of the wealthiest people.

Barter works better but it would be difficult to dispense chickens or tomatoes from an atm.

Love and blessings Don

By: Hanseugen

Hanseugen — Tue, 30 Nov 1999 00:00:00 +0000

Currency has done both, however, the greedy and unscrupulous pursuit of money has created wars, cheating, and hatred. The whole world is held in the grubby grip of money worshiping demonic power seekers.

By: d_r_siva

d_r_siva — Tue, 30 Nov 1999 00:00:00 +0000

In Africa many forms of value store have been used including beads, ingots, ivory, various forms of weapons, livestock, the manilla currency, ochre and other earth oxides, and so on. The manilla rings of West Africa were one of the currencies used from the 15th century onwards to buy and sell slaves.

http://www.answers.com/topic/currency

By: Ardi Pithecus ™

Ardi Pithecus ™ — Tue, 30 Nov 1999 00:00:00 +0000

A search of dictionaries shows that all of them say coins are also currency. http://www.google.com/search?hl=en&client=firefox-a&hs=udI&rls=org.mozilla:en-US:official&defl=en&q=define:currency&ei=4-DvS-iUFJO6Naef2d8P&sa=X&oi=glossary_definition&ct=title&ved=0CBUQkAE

Paper money is a promissory note, since it has no real value of its own, and since it is no longer backed by the gold standard, the "promise" isn’t even real.

But coinage was a boon to early capitalism because a $20 gold coin, for example might buy $22 worth of goods today at yesterday’s prices if gold prices went up. Coins are based on their value as (relatively) rare commodities. If diamonds didn’t have to be weighed and their cut and clarity determined each time they were traded, they would be better than coins. But a coin is known standard, which is why it is a felony to scrape the sides of a coin to get the flakes, or to remove the scalloped edge. You are destroying the inherent value of the material.

A paper bill on the other hand is still worth its value so long as you have at least 50% of it and you don’t try to cash the other piece at some later date–that is why they put serial numbers on each half.

By: Avner Eliyahu R

Avner Eliyahu R — Tue, 30 Nov 1999 00:00:00 +0000

Depends how it is used, just like cars and other human creations.

By: Josh

Josh — Tue, 30 Nov 1999 00:00:00 +0000

That which is created will ultimately destroy itself.

By: pstottmfc

pstottmfc — Tue, 30 Nov 1999 00:00:00 +0000

When currency was created, it gave people the ability to carry their wealth around and to exchange it easily for things they needed. In the days when currency was still fulfilling it’s role as a store of wealth, it was made out of substances that had value in themselves - mostly due to scarcity.

Paper currency and subsequently electronic currency have been our downfall. These forms of currency are not a store of wealth, but just numbers printed on paper of stored on computer disk.

Electronic currency is also open to much manipulation as it can be created with a keystroke.