What Is The Value of Money?

by Moin Uddin Ahmed Tipu

Money. We all want it and we all need it. But why do we use it in the first place? Trace looks at the history of currency, new and old!

Read More:
Some Canadians Claim New Currency Smells Like Maple Syrup

“To some, the allure of money is irresistible, but even the most frugal spender may be drawn to Canada’s new plastic bills if the rumors are true: A significant number of Canadians claim the currency smells like maple syrup.”

Are Canada’s $100 Polymer Bills Really Maple-Scented?

“The penny may be history, but some Canadians suspect the Bank of Canada has been circulating a new scent along with its plastic bank notes.”

How Much Does it Cost to Produce Currency and Coin?

“Each year, the Federal Reserve Board projects the likely demand for new currency, and places an order with the Department of the Treasury’s Bureau of Engraving and Printing, which produces U.S. currency and charges the Board for the cost of production.”

Your Portal Into The World of Bitcoin

About Bitcoin on Tech Feed News

Canada Issues Glow-in-the-Dark Dinosaur Quarter

“Less than two weeks after announcing it was removing the penny from circulation, the Royal Canadian Mint is back in the news after revealing plans for a glow-in-the-dark quarter featuring an illuminated dinosaur skeleton.”

What Is Money?

“Without it, modern economies could not function.”

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43 comments

All_Paths_Lead_To_Singularity November 11, 2014 - 3:42 AM

cashless society + Illuminati = NWO   

Josh Hughes December 1, 2014 - 12:59 PM

The problem with BitCoin is that it isn't backed by anything like government currency. American currency is guaranteed to be a certain value by the American government but there is no real entity to back up the value of bitcoins.

Vax x January 1, 2015 - 2:37 PM

It's a shame how someone's life can be valued based on how much money they have. Money is going to lead to the downfall of our species if we don't switch to a better source of trade and free up resources. Any continuation of money will just cause more issues. We all live on the same planet here, we need to watch out for each other.

Гquids January 3, 2015 - 9:53 AM

yeah… moneyless society

Daniel McIntyre January 14, 2015 - 9:23 PM

I love this episode cause I like pointing out that money is only worth what we say it is.

Chris O March 17, 2015 - 8:27 AM

I prefer to use cash for certain purchases, particularly at small businesses because it keeps them from having to pay fees and keeps more money local as oppose to paying it to some huge corporation.

unknown person March 23, 2015 - 12:03 PM

The future of money that all you money will be in your tech your phone might be your bank

macsnafu May 6, 2015 - 10:37 AM

I'm all for alternative currencies like BitCoin, and for that matter, free banking.  Why should governments monopolize the production of money?

Eric Whitfield May 16, 2015 - 2:45 AM

How are you favored?

Eric Whitfield May 16, 2015 - 2:46 AM

Equals your payment.

Ral Crux August 11, 2015 - 9:59 AM

What is #Money ?

Money is also an economic good and its value also varies depending on the supply and demand of it. Money is worth what you can purchase with it, if there is a scarcity of food, in order for you to not to die out of starvation you will give more money for a lower amount of food.

In that scenario, not only food increased its value, but also money decreased its own value. People do not eat money, they eat what money can buy for us, and if money cannot buy anything then its value is nil. The Demand and Supply of money is what fixes its value.

rabbitscan'tcount September 9, 2015 - 7:28 AM

I want chocolate scented money……mmmm….

David Online September 29, 2015 - 11:56 PM

Bitcoin FTW!

Connor Dow January 26, 2016 - 4:59 AM

my money doesn't smell that maplesyrupy

ImperialSoldier72 March 13, 2016 - 6:58 AM

To hackable

ManiacalO2 March 30, 2016 - 8:06 PM

I think since bitcoins are a commodity rather then a currency, they should be used similarly to gold, as gold by banks is used to generate physical money so should bitcoins be used to generate digital money i.e Credits, this would mean everyone in the world would be able to be given a quota of say 200,000-300,000 per year and prices for resources such as food and other necessities could be priced low, say around 10-20 Credits per food item, luxuries can be anything from around 500 Credits or more depending on a limit provided by the bitcoin banks, as to insure that private companies such as Apple or Microsoft or Sony etc can't price their products above the limit, to make sure they are available to all, but stocks remain available and still be controlled, and maintained, since Credits will be a digital currency all legal products and services will be purchased online and obviously recorded, as would be necessary, as a security measure, so it would be impossible to purchase any illicit products online since they would either be blocked or recorded as illicit and the individual buyer will be fined/have removed a set amount of Credits from their personal account, since all transactions will go through regulated bitcoin banks to be confirmed, big business and privately owned small business can have access to higher amounts of credits but will still have a limit of say maybe several millions if necessary, ever individual with an account will have their limit per year but can of course acquire more Credits, if necessary or, if you have a service to offer, of which will be compensated, with Credits, this is a method for the future, our current method of payment is outdated and slow, and can never to suit the digital age, it wasn't made for that, numbers in our account have no value whatsoever, only because they are accepted by our banks upon transaction, they're no more valuable than the electrons that constitute them, bitcoins and things like it, are well suited for the times and the future, they are, like gold, a commodity of which money is generated, if we use bitcoin as the means to give value to Credits as currency, we can use gold for more important uses, medicine, technology, agriculture…. endless amounts of Credits can be generated, with no chance for debt for anyone, since it would be universally accepted, everyone would be given them, everyone can have life of productivity and prosperity. This is the method governments should use if they want to regulate bitcoins, any regular citizen has no reason to use them for anonymity if you use them to purchase legal services, it's pointless and defeats the original purpose, only criminals need online anonymity, all we need is assurance that we won't watched, that out right to privacy won't be broken, that our communications won't be intercepted, if you have nothing to hide, to have nothing worry about. Banks don't want this because they believe they fall, then they should be the ones adopting bitcoin and establishing Credits, to all people, this would also ensure that all those people who will be replaced by autonomous robots will have a means to live their lives, and all those who can't work can still live.

guyoflife April 19, 2016 - 11:45 AM

Don't worry about money and just create a world where everyone just does good for everyone else. Resources are infinite. If we have a certain number of people everyone will have enough. You just have to let go of the beliefs that say otherwise.

Ethan Frakes April 24, 2016 - 4:49 AM

Did you know it costs 1.6 cents to make a 1 cent penny?

That makes sense.

SHAUN DJ FISH BEATS MARTIN [SDFBM] January 6, 2017 - 10:21 AM

MY MONNEY SMELLS OF FRESH WIMEN'S PANTIES

J K D January 27, 2017 - 7:41 AM

you want to know just how valuable money is? then find out the cost to stay alive and never die. never grow old never get sick. money has ABSOLUTELY NO VALUE. humans just need to learn how to SHARE. it is just that simple. but that is too hard to understand. Share? you mean being equally just to other humans? oh no. that's a problem. let us just use money to deprive ourselves and praise those who have more than we do. too bad maggots don't veiw corpses the same way. no matter how much money you have you will stink at DEATH. HAPPY MONEY CHASING!

CodedGoat ;3 March 14, 2017 - 4:46 PM

I am from Canada and I will tell you YES, our money does smell like maple syrup, but only if you warm it up, because that releases the smell. It smells lovely like a room of freshly made pancakes with sugary syrup on them. DONT TASTE the money because… well, that's just common sense.

Nirvana One June 27, 2017 - 7:12 AM

The scary thing is who determines the value of money?

Most international governments want to control bitcoin lol

Since 1971 every dollar is based on debt its a fact.Most of society has overgrown mortgages

TheFloatingSheep July 25, 2017 - 9:25 AM

Looking at this guy's hair over the years is fascinating…

Vaspirit Music August 4, 2017 - 12:13 AM

speedy guy

Introvert October 9, 2017 - 11:48 AM

Let's go back to doing things the old way

1cedoubt November 24, 2017 - 10:29 AM

Money isn't anything we give it value. That is the only way people will listen. Militant forces and money that's it.

1cedoubt November 24, 2017 - 10:33 AM

My eyes lay low like im aging….well
Double ntendre

狼爸爸的工作室 November 29, 2017 - 9:23 PM

here i m watching this vid in nov 2017, 1 bitcoin is now worth 10,000 USD+, ………..and i am doing research on youtube figuring out wat money really is

jadenyerex SOCIETY February 4, 2018 - 6:59 AM

I'm from Canada hi

John Kessler February 18, 2018 - 11:15 PM

Money is the way we keep score or assign value to people's work and resources.

Jose Perez May 6, 2018 - 8:27 AM

Im happy that im not alone, money has no meaning at alllllll but the goverment forces us to use it for clothes food etc ill guess ill need a balance of money if i want to be someone in this world :(

TheaDragonSpirit June 1, 2018 - 2:34 PM

Fiat money = Bitcoin. In the sense that people decide how much there is.

When currency isn't linked in to the overall value of everything, how much things cost is pretty much determined by people. I think long term money will be pointless once people find ways to make products more available and use better strategies to develop products.

Based on a video on how fiat money works, what I heard is they want people to have just enough to live, but not so much that they stop working. Sounds a little like slavery to me. I get it people need to do things to keep things moving forward and to give some people a reason to keep helping out. But unless we aim to get to a place where a system like this isn't needed, then I think a whole new system of distribution is needed.

What I mean is we should be aiming to create a world where people don't have to work so hard or even at all and the world keeps moving forward just fine. So more technology to replace simple jobs, and more giving goods to the poor and needy. Pay people for the data you collect from data mining, and observing the patterns people have, as in if someone plays a game or watches a TV show, or what ever they're taking time to give feed back and spread information about this, they are doing advertising to an extent. So people should get something back from simply taking part in society and respecting society, rather than just been expected to respect society. So basically people get products and goods or right now an universal income for being a good sport as it where, encouragement to want to help society, not just expecting people to do this.

Living in Tokyo June 5, 2018 - 7:41 PM

Yes . gold. My precious……

Zlatan Ibrahimovic October 7, 2018 - 4:11 AM

money is valuable because if it is exists that means someone out there in the world is obligated to work for it.

it's because when money is created by a person thru a bank, so is debt created to their name therefore anyone holding that dollar has a guaranteed by the law service from the people who created it making the paper worth something.

note: money is not created by the banks thats a common misconception the reality is the PEOPLE create the money banks just say how much can people create. search up mathematically perfected economy.

Aaron Pharaoh December 6, 2018 - 11:46 PM

The concept of money is increasingly making my head spin. As society has moved away from a gold standard and into the credit era, it gives even less worth to what money is. We just get some numbers on a screen or statement from our employer that tells us how much value we have. We run those numbers down based on what we swipe to buy and then repeat. What if someday there is a crash and everyone's virtual numbers on their accounts go to zero? And just like you can't eat a dollar or a coin or a credit card, you can't eat a bar of gold or silver either. It's all just a silly concept we are automatically signed up for. For me, thinking about the concept and value of money is like trying to think about the vastness of the universe or the infinity of time. I can't quite grasp it.

Jay Spaulding January 21, 2019 - 9:30 PM

Yes the government is just playing us we are there game pieces and we destroy eachother we kill we get depressed we give paper value and for what we let paper dictate our happiness in life i just dont see it its just money money is basically that stuff you wipe your but with at the end of the day dont kill pepole for it dont go hungry for it dont be sad becauae you dont have it join together and make everything alright drug use is the result of somebody being so qlone in this world that they had to turn to makeing a diffrent reality for thems to numb the pains of loneliness moneys not the problem in the world i think loneliness is the problem

Blake & Sasha January 25, 2019 - 12:02 PM

I’m not sure what money is I just use Apple Pay to purchase things..

Lessons In Life March 29, 2019 - 8:20 AM

For lots of people, money is security. This is a hugely important use of people’s income. It’s also one of the hardest to under- stand. ;)

R3CKL3Z19 October 19, 2019 - 10:16 AM

Money doesn’t have value at all it’s just a whole cycle and we are brought up to think it does money is a note to pay off private or public debt it says that on the bill the constitution says as well legal tender should be silver and gold we are headed to another depression possibly 2020 and a bad one I have said to much 😉 be prepared !!! 💯 it’s a whole cycle ……………

juanmacko April 25, 2020 - 10:42 AM

Bitcoin in the future 👀

Lomeli Fx September 3, 2020 - 6:45 AM

The economic system is shifting before our very own eyes. Intentionally and the catalyst is the Corona virus in 2020

Jackie Moon September 9, 2020 - 5:19 AM

Cryptocurrency is really taking over the economic currently, lot of individuals convert there money into bitcoin and invest in it cause the value is affordable and secure, and profitable getting into bitcoin allows you to get in control of your money without the government monitoring your expenses and as a newbies or an investor and your amid to become a successful investor is all about getting a good bitcoin expert. Mr Stephen Jerry is the expert behind my success.

SoAExile September 3, 2021 - 4:28 AM

Wow when bitcoin was priced so cheap