In the old days making a trade was the best form of commerce: “My horse for your two pigs.”
Although, not too sure how the livestock felt about being used as a currency or economic units. It worked for many, many, many years. These days, it’s a whole new bit.
Simon Fraser University recently announced it will take Bitcoin as payment for its bookstore.
The senate gave a message to Canadian Government to keep their hands off regulating these new virtual currencies. Bitcoin has taken a nose-dive in value since the fraudulent manipulation of the currency, and seized FBI holdings on bad drug deals make the future a rocky road.
Even so, the value of the dollar, euro and most other forms of international currency continue to be victims of fraudulent manipulation, mainly by their politicians and public servants.
A friend was telling me about how livestock was still in the regulation books for Saskatchewan Universities in the last couple of decades. He said they tried to pay their tuitions with a truckload of chickens, but the university begged them to remove the chickens from the campus and come back with the cash!
Much has changed in the last 100 years. But it’s still a good idea to beware of those gypsy horse traders.