Real Money is Neither Paper nor Coin

The Power of Money

Money is powerful and it is a global assertion. It holds a profound power that permeates every facet of human society, shaping behaviors, driving progress, and influencing the very fabric of social, economic, and political landscapes. Money is used to empower individuals and institutions to transform ideas into reality, foster innovation, and drive economic growth. It has become a basis for rating the economic strength and financial influence of a nation in international affairs. Money, with its undeniable influence, extends far beyond its role as a medium of exchange.

Money provides access to education, healthcare, and opportunities that might otherwise be out of reach. The power of money empowers individuals to break free from cycles of poverty and creates a more equitable society.

The Evolution of Money

The world is characterized by rapid technological advancement that cuts through all spheres of human interactions and engagement. The recent internet revolution has led to the digitalization of everything including money. We have seen money evolve from the system of trade by barter to a weighted-coin system to a long reign of paper money which is gradually being eaten up by the era of digital money premiered by e-banking.

The advent of blockchain and cryptocurrency technology disrupted the e-banking ideals with the introduction of a trustless and borderless system of money interactions that require no intermediaries. After years of fighting hard to a failure in trying to stop cryptocurrencies, Central banks in big economies are thinking of how to regulate them. Many nations are subscribing to digital currencies (acclaimed to be cryptocurrencies) to serve as a distraction to an ignorant public.

While it may look like Cryptocurrencies (Bitcoin) have become the apex of money evolution, we have seen several creative use-cases of cryptocurrencies emerge - Social Fi, NFTs, GameFi, and more. This has made people create money out of the blue in social conversations, arts, gaming, and more. Only time will tell what will emerge soon, especially with the growth of Artificial intelligence (AI ) with a widespread adoption world over.

From the above analysis of money evolution, it becomes important to ask "What is money?" While we were younger, we grew to see coins that were considered obsolete in use. We embraced paper money wholly and it all defined what money could be. Now digital money is in place and has become the attraction to everyone. Neither paper, coin, or digital coins are money.

What then is Money?

Without a doubt, we will agree that money was primarily created to serve as a medium of exchange of value. The knowledge of this essence has been gradually lost in the culture of humanity. Until there is something to be exchanged for, money is valueless. The possession of money in cash (paper or coins) or in digital forms is as useless as trash until the point where we can give it to receive education, healthcare services, food, transportation, or any tangible commodity. Let's delve into a few things that are money.

1. Money is Goods and Services

At its core, the power of money lies in its ability to act as a catalyst for exchange. Money is a medium through which goods and services can be seamlessly exchanged between individuals and institutions. Money facilitates commerce, and transactions and enables individuals to access a myriad of products and expertise. It unlocks a wealth of opportunities for both producers and consumers. The afore means that money draws its value from the worth of the goods and services that are exchanged. Where there are goods and services to be exchanged, money would be available. Anyone who needs money should therefore have goods or services to offer.

2. Money is a solution created

Beyond facilitating the exchange of goods and services, money is a dynamic force that drives the creation of solutions. There would be problems wherever humans exist. Money is, therefore, the catalyst that empowers individuals and societies to tackle challenges, by innovating, improving, or forging a path toward progress and prosperity. Money provides the resources necessary to address needs and solve problems. It can be used to fund research and development and support entrepreneurial ventures in the pursuit of solutions to pressing issues. it follows that the need for money should be driven by the willingness and capacity to provide a solution to an impending or envisaged problem.

3. Money is creativity

The evolution of digital currencies and blockchain technology has introduced a new dimension to the use and generation of money. Built on the principle of creativity, cryptocurrencies, have provided avenues through which creators can be funded for their creativity. From dapp to content creators, one can monetize his/her creativity with ease in this new phase of money. Smart contracts and blockchain-based platforms have become open possibilities for innovative business models, challenging the status quo and empowering creators in unprecedented ways. Hive blockchain is typical in this category where content creators meet consumers and their interaction generates wealth for both sects. There are teaming dapps on build providing unique use-cases where users can interact with each other profitably. Hence. we can say that creativity is money.

Money is Value-added

Value is the real money. The above subsections have shown how the offering of goods and services, solving problems, and being creative can generate money and wealth. It therefore means that money is generated where there is value. money is not the paper or coin, it is the value that is offered. Without the value offered or added, money has no essence. Everyone in need of money must be ready to create value in some way, whether as a producer or as a recipient of what is produced. Either ways, Value must be created for money to be generated.

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This post was created via INLEO, What is INLEO?

INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's Built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application: Inleo.io allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.

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