https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&feed=atom&action=historyMedium of exchange - Revision history2024-03-29T05:53:52ZRevision history for this page on the wikiMediaWiki 1.39.6https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&diff=14191&oldid=prev142.177.103.109 at 21:38, 26 November 20032003-11-26T21:38:35Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Bank [[debit card]]s, and the recently introduced real time verified and debited [[electronic payment services]] like Visa Electron (physical), Debit MasterCard (physical) or Verified by Visa (network based), are all examples of isolating the medium of exchange function. Debits do ''not'' have ''any'' of the other functions of money, that is, they are not a [[store of value]] (the [[unit of account]] being a national [[currency]], that is assumed to be the store instead), nor a [[standard of deferred payment]] (since transactions are instantaneous). This makes various kinds of transactions possible that were not before, since there is no need to get permission from any human to commit, nor have "limits" sent around the network to create a further [[privacy risk]]: either the transaction succeeds, or it fails, and all in real time. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Bank [[debit card]]s, and the recently introduced real time verified and debited [[electronic payment services]] like Visa Electron (physical), Debit MasterCard (physical) or Verified by Visa (network based), are all examples of isolating the medium of exchange function. Debits do ''not'' have ''any'' of the other functions of money, that is, they are not a [[store of value]] (the [[unit of account]] being a national [[currency]], that is assumed to be the store instead), nor a [[standard of deferred payment]] (since transactions are instantaneous). This makes various kinds of transactions possible that were not before, since there is no need to get permission from any human to commit, nor have "limits" sent around the network to create a further [[privacy risk]]: either the transaction succeeds, or it fails, and all in real time. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>A [[healthy buying infrastructure]] would seek some dominant position as the new medium of exchange, and might integrate or obsolete these corporate systems with a new [[standard]].</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>A [[healthy buying infrastructure]] would seek some dominant position as the new medium of exchange, and might integrate or obsolete these corporate systems with a new [[standard]]<ins style="font-weight: bold; text-decoration: none;">. The [[Consumerium Credit]] [[visions]] explore the possibility of the [[Consumerium checker]] actually ''being'' the means to pay</ins>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory around this, and how this function of money is changing as [[Internet Service]] is assumed in more and more transactions.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory around this, and how this function of money is changing as [[Internet Service]] is assumed in more and more transactions.</div></td></tr>
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</table>142.177.103.109https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&diff=1935&oldid=prev142.177.103.109: more on medium of exchange function being distinct, and changing due to Internet Services, unlike other functions which don't change with the communications2003-11-26T21:11:44Z<p>more on medium of exchange function being distinct, and changing due to <a href="/wiki/Internet_Service" title="Internet Service">Internet Services</a>, unlike other functions which don't change with the communications</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 21:11, 26 November 2003</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]]. When people talk about [[cashflow]] they are usually talking specifically about the utility of this function, which is to have to carry only one kind of thing around to get all other things. If you "put it in a bank" you accept some [[standard of deferred payment]] - you have to retrieve the money before you can use it for exchange, or use some trust based instrument like a '''cheque''' to do so <del style="font-weight: bold; text-decoration: none;">or use the recently introduced real time verified and debited electorinic payment services like Visa Electron (physical), Debit MasterCard (physical) or Verified by Visa (network based)</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]]. When people talk about [[cashflow]] they are usually talking specifically about the utility of this function, which is to have to carry only one kind of thing around to get all other things. If you "put it in a bank" you accept some [[standard of deferred payment]] - you have to retrieve the money before you can use it for exchange, or use some trust based instrument like a '''cheque''' to do so.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Bank [[debit card]]s, and the recently introduced real time verified and debited [[electronic payment services]] like Visa Electron (physical), Debit MasterCard (physical) or Verified by Visa (network based), are all examples of isolating the medium of exchange function. Debits do ''not'' have ''any'' of the other functions of money, that is, they are not a [[store of value]] (the [[unit of account]] being a national [[currency]], that is assumed to be the store instead), nor a [[standard of deferred payment]] (since transactions are instantaneous). This makes various kinds of transactions possible that were not before, since there is no need to get permission from any human to commit, nor have "limits" sent around the network to create a further [[privacy risk]]: either the transaction succeeds, or it fails, and all in real time. </ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">A [[healthy buying infrastructure]] would seek some dominant position as the new medium of exchange, and might integrate or obsolete these corporate systems with a new [[standard]].</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory <ins style="font-weight: bold; text-decoration: none;">around this, and how this function of money is changing as [[Internet Service]] is assumed in more and more transactions</ins>.</div></td></tr>
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</table>142.177.103.109https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&diff=1933&oldid=prev80.186.81.123: noting the prevalance of real time debit systems2003-11-26T13:10:12Z<p>noting the prevalance of real time debit systems</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 13:10, 26 November 2003</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]]. When people talk about [[cashflow]] they are usually talking specifically about the utility of this function, which is to have to carry only one kind of thing around to get all other things. If you "put it in a bank" you accept some [[standard of deferred payment]] - you have to retrieve the money before you can use it for exchange, or use some <del style="font-weight: bold; text-decoration: none;">[[instructional]] </del>instrument like a '''cheque''' to do so.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]]. When people talk about [[cashflow]] they are usually talking specifically about the utility of this function, which is to have to carry only one kind of thing around to get all other things. If you "put it in a bank" you accept some [[standard of deferred payment]] - you have to retrieve the money before you can use it for exchange, or use some <ins style="font-weight: bold; text-decoration: none;">trust based </ins>instrument like a '''cheque''' to do so <ins style="font-weight: bold; text-decoration: none;">or use the recently introduced real time verified and debited electorinic payment services like Visa Electron (physical), Debit MasterCard (physical) or Verified by Visa (network based)</ins>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory.</div></td></tr>
</table>80.186.81.123https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&diff=1919&oldid=prev142.177.81.103 at 21:22, 25 November 20032003-11-25T21:22:35Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 21:22, 25 November 2003</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]].</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Medium of exchange''' is one of the functions of [[money]]<ins style="font-weight: bold; text-decoration: none;">. When people talk about [[cashflow]] they are usually talking specifically about the utility of this function, which is to have to carry only one kind of thing around to get all other things. If you "put it in a bank" you accept some [[standard of deferred payment]] - you have to retrieve the money before you can use it for exchange, or use some [[instructional]] instrument like a '''cheque''' to do so</ins>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>See [[w:medium of exchange]] for a detailed discussion of theory.</div></td></tr>
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</table>142.177.81.103https://develop.consumerium.org/w/index.php?title=Medium_of_exchange&diff=1902&oldid=prev142.177.81.103 at 21:20, 25 November 20032003-11-25T21:20:46Z<p></p>
<p><b>New page</b></p><div>'''Medium of exchange''' is one of the functions of [[money]].<br />
<br />
See [[w:medium of exchange]] for a detailed discussion of theory.</div>142.177.81.103