UANG DARI MULA ADA HINGGA KINI

Summary

This educational video explores the fascinating evolution of money, from the ancient barter system to modern digital currencies. It begins by explaining how people once exchanged goods directly through barter, then transitions to the introduction of commodity money like coins and paper money. The video highlights key milestones such as the first coins from Libya and China's introduction of paper money. It then moves into the digital age, covering the rise of electronic money, cashless transactions, and the growing influence of cryptocurrencies like Bitcoin. The video concludes by emphasizing how technology continues to shape the way we conduct financial transactions today.

Takeaways

• 😀 Before money, humans exchanged goods through a barter system, where they traded items they had for things they needed.
• 😀 The barter system had limitations, such as difficulty in determining the value of goods and the lack of mutual need for items.
• 😀 Money emerged as a solution to the limitations of barter, initially in the form of commodity money, such as grains or livestock.
• 😀 The first recorded coin money was minted by King Alyattes of Lydia (modern-day Turkey) in the 7th century BC.
• 😀 Paper money was first introduced in China during the Tang Dynasty in the 9th century, marking a major advancement in trade.
• 😀 With technological advancements, electronic money (e-money) became popular, allowing money to be stored electronically and used for transactions.
• 😀 Examples of electronic money include BCA’s Flash card, BRI’s Brizzi card, and digital payment systems like GoPay, Dana, and ShopeePay.
• 😀 Bank Indonesia launched the National Non-Cash Movement (GNNT) in 2014 to promote non-cash payments and make the financial system more efficient and secure.
• 😀 The introduction of e-money has led to a shift from cash payments to digital transactions in Indonesia and around the world.
• 😀 Cryptocurrencies like Bitcoin are a newer form of digital money, offering decentralized transactions and growing in popularity.
• 😀 The video concludes by highlighting that money is no longer just physical coins or paper notes but also a technological tool for easier and faster transactions.

Q & A

What was the barter system, and why was it used before money was invented?

The barter system was a method of exchange where people traded goods and services directly, such as a farmer exchanging corn for a chicken. It was used because there was no formal system of money, and people could trade what they had for what they needed.

What were some of the main issues with the barter system?

Some of the main issues with barter included difficulty in determining the value of goods being exchanged and the fact that not all goods were universally wanted or needed, which made trade inefficient.

How did money solve the problems of the barter system?

Money provided a standardized and universally accepted medium of exchange, eliminating the issues of valuing goods and the need for a direct match of wants between individuals. This made trade more efficient.

What is commodity money, and can you give examples of it?

Commodity money refers to objects or materials that have intrinsic value and were used as money in ancient times. Examples include grains and other valuable goods that could be used in trade.

What is the significance of the first minted coin, and where did it come from?

The first minted coin was produced by King Alyattes of Libya around the 7th century BCE. It is considered the earliest form of official coinage used as money in history.

When and where was paper money first introduced?

Paper money was first introduced in China during the 9th century CE, marking a significant development in the history of money.

What is electronic money (e-money), and how does it work?

Electronic money is a form of money stored electronically, either on a chip or a server, and used for transactions. It can be transferred digitally for payments or fund transfers, and examples include bank cards like BCA's Flash or apps like GoPay and ShopeePay.

What are some examples of electronic money based on chips and servers?

Examples of electronic money based on chips include Flash from BCA, Brizzi from BRI, and MTT from PTM. Examples based on servers include LinkAja, OVO, GoPay, Dana, and ShopeePay.

What is the National Non-Cash Movement (GNNT) in Indonesia, and what is its purpose?

The National Non-Cash Movement (GNNT) in Indonesia was launched on August 14, 2014, to promote cashless payment systems. Its aim is to create an efficient, secure, and smooth national payment system.

What is the role of cryptocurrency, like Bitcoin, in the modern financial system, according to the video?

Cryptocurrency, such as Bitcoin, is becoming increasingly popular due to its decentralized nature and potential for fast, secure, and borderless transactions. The video encourages viewers to explore the differences and the growing interest in cryptocurrencies.