Urgent Evoke

A crash course in changing the world.

ACT 5: Try out an alternative currency or exchange system for yourself!

My mission this week as part of Mission 5, The Future of Money, was to make at least one economic transaction using a non-traditional currency, platform or exchange system I've never used before. Maybe try an alternative currency, participate in a bartering system or skills bank, and maybe want to make a micro-loan. However, I won't be able to try an alternative currency system or make a micro-loan right now. Thus, I chose to try a bartering system. Even though it is not a bartering system that is officially being done this was just my  I went to my friends house to do art homework and when I went there before, about 3-4 times, I usually ate a noodle. Therefore, this time I wanted to pay him with something that worth the price of noodle. So, I prepared an erase because I knew he will have national exam soon and I wanted to give him an eraser as an exchanging item. 

And this is his thought about what we did on that day. He said it is some way better than money and this explains why.

'Its good because now instead of just getting money back we can get items that have actual worth and use to them, and since we can choose what we want in return, we can get items that we might not have had access to or the time to go and get them. However, if you think about it, even if people do get their money's worth back through the item exchange, sometimes people just want their money back. Sometimes people just like having money in their wallets that they can choose to use at anytime they want.'

My thought about bartering system is it is some way better than money as well and my thought is similar to his thought. However, sometime, it is not better than money as well, because if we have lots of money we can just pay the cost of the item. However, if we try to exchange with an item, we need to find items that is worth the exchange item. Therefore, that is one of the limitation and thats why I think sometime it is not better than money.

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