Monetary Evolution: How Societies Shaped Money from Antiquity to Cryptocurrencies
Mahya Karbalaii

TL;DR
This paper explores the historical evolution of money from ancient times to cryptocurrencies, highlighting enduring concepts and offering new interpretations of how societal, technological, and community factors influence monetary systems.
Contribution
It provides a historical perspective on money's evolution and introduces novel insights into the intrinsic nature of cryptocurrencies and their societal implications.
Findings
Historical parallels between past and present monetary systems
Cryptocurrencies reshape societal and economic structures
Enduring concepts continue to influence monetary evolution
Abstract
With the growing popularity and rising value of cryptocurrencies, skepticism surrounding this groundbreaking innovation persists. Many financial and business experts argue that the value created in the cryptocurrency realm resembles the generation of currency from thin air. However, a historical analysis of the fundamental concepts that have shaped money reveals striking parallels with past transformations in human society. This study extends these historical insights to the present era, demonstrating how enduring monetary concepts are once again redefining our understanding of money and reshaping its form. Additionally, we offer novel interpretations of cryptocurrency by linking the intrinsic nature of money, the communities it fosters, and the cryptographic technologies that have provided the infrastructure for this transformative shift.
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsIslamic Finance and Banking Studies
