What is in fact MONEY? Is it finally time for the EVOLUTION of MONEY?
Money is the universal measure of value.
There is a similarity with the term TIME which we use daily without thinking of its essence and complexity. Therefore, we can freely claim that a second is a universal measure of time which is standardized and commonly accepted on the planet Earth (maybe it is different on some other planet?!) No matter how complex the term of time and its measurement are (absolute time, relative time…), through social-economic development, man has realized that there is a need for a global standard and he has created it. Therefore, today’s generations have no problems in that field and they do not dwell on the notion of universal measure of time.
Why would it be any different with the term MONEY? Do you see the need for a global standard and universal money — „world single coin“? Can we, and are we ready to implement a standardized measure of value — global money?
Has the time come for the role of money in man’s life to evolve, considering the fact that almost one fifth of the 21st century has already passed?
YES, having in mind that we have greatly implemented globalization, digitization and Internet in our lives, it is time to work on the evolution of money.
At the end of the 20th century, globalization, as the greatest phenomenon in social-economic sense, completely changed the lifestyle of people around the globe. Growth and development of free trade is continually rising for decades. Faster, better and cheaper ways of transport of goods and people from one end of the world to the other have created new social-economic forms. Firstly, there is a large number of multinational companies that have economic and social strength greater than many of the third world countries. And beside that, the whole world has become one “global village“ with unique market.
Secondly, faster and simpler distance communication has transferred from manual to digital system since 1980’s. Writing letters, using landlines and faxes have been replaced by personal computers and then smartphones. Digitization of society is actually a phenomenon that radically changes man’s overall performance, both social and economic. One small, but crucial and certainly most important item in the process of digitization and globalization, is the Internet — web of all webs. Like water is essential to man’s survival on Earth, so will the Internet become essential to man’s functions (social and economic) in the 21st century. Ask yourself, how many companies and products would cease to function and exist without Internet!
Phenomena of globalization, digitization and Internet have killed some of the old jobs, man’s habits and needs, but on the other hand, they have created some of the completely new and almost unimaginable jobs, habits and needs. Economically speaking, production, sale, transport, services, and especially finances have experienced a big change. And has the monetary system, and the money itself changed and to what extent?
Yes, there is a history of money change, and its recent history is briefly depicted as follows:
1. Bretton Woods Agreement in 1946
2. The end of gold standard in 1974
3. Plastic cards era (currently at its peak)
4. Electronic cash era (currently at its peak)
5. Shadow money (probably at its peak)
6. Cryptocurrencies (currently in development)
The universal measure of time on the planet Earth is standardized and uniform, while the universal measure of value — MONEY is neither standardized nor uniform… it is time for the evolution. CP Processor believes that we are finally technically ready and that this particular project goes in that direction.
Join us, support this idea and project and be an active participant in creating your own future. Together, we can change the world!
