V. V. Shmelev

Moscow, Russian, e-mail: khmyz@mail.ru

 

TEMPORAS AND MONEY (EVOLUTION ROUTE OF MONEY FUNCTIONAL FORMS FROM COMMODITY MONEY TO CRYPTOCURRENCIES)

 

The article analyzes the conceptual provisions of the evolution of money forms that occurred as aThe article analyzes the conceptual provisions of the evolution of money forms that occurred as a result of human civilization progress, highlighted their advantages and disadvantages, which led to the emergence of virtual or cryptocurrencies. This article aims to make a contribution to solving the problem of more efficient use of financial opportunities in the struggle for human progress. The goal that the author puts is to disclosure of qualitative development trends of this material on the background of the evolution of money forms throughout history.

During the analysis were used deduction and introspection. Commodity money is the physical equivalent of the cost of paying for the goods, and the amount of such money was regulated by consumers. A characteristic feature of the next phase of development of money circulation forms become metal money, consisting of precious and other metals. Particularly widespread coins received in the period of feudalism, and followed by a qualitative change of money circulation was determination of full state control over emissions in the XIX century through the central banks.

Today, in order to stabilize the circulation of money, some experts suggest the use of historical forms of money, but based on modern principles of covered issues by international reserves. The author believes that the new possibilities in this respect can open cryptocurrencies created without worth provide, for the certain operations.

Keywords: money, currency, gold standard, cryptocurrencies, dollar, pound, franc, Bitcoin.

 

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