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History is telling us many thoughts and aspects of handling a new comer concept. Back in the days bartery was the way of the time. But people start to barter with better items like salt and clothes. But am sure some people were against these of selecting better valued items. But they managed to come up with coins. The coin value was almost or in greater value than what it can buy.
So the value of gold, silver and bronze become more expensive. And the amount wrote on the coins was less in value than the actual gold gram economic value. Therfore governments had an idea of creating less expensive paper money.
Who benefited out of it? For certain it was both the governaces and the people. Instade of dueing what is there they own what was left. As a result velocity of money increases with less cost of transaction. Compare it to the mule carring time of money. Incomparable right!
Then who is next that is making the paper money more out of age? It is the cryptocurency.
Cryptocurency is democratizing denomination of money. In due effect its velocity of money is high and runing cost of it is almost nill compared to other form of currency .
Then now we are coming to the new subera of cryptocurency which is GRAFT. As I mentioned earlier when new mode of transaction come into existance some part of the society will be against it. Instead of accepting they tend to be part of it without their knowledge. So they immerse themself into drowning to the future.
Finally if the securitywise is safe for the GRAFT then the future would be new where anybody can have equal access and opportunity irrespective of their class in the social economy.
graft2017
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