By Anokwuru Richard Anyamele
Germs, seeds and eggs evolved over time to form living things. Some used metamorphosis and some, stereotypical progression.
At birth, goats, cows and human beings, bear the main features of their parents more or less hence people could say the new born is a goat, a cow or a human being. The same applies to most birds whereby the eggs hatch and the young resemble their parents.
Most water creatures lay and hatch eggs into larvae that do not resemble the parents. The larvae mature, shed the features for the ultimate to emerge. Fishes, frogs, toads, mosquitoes, etc. pass from eggs to larvae and to maturity. But some life forms go beyond larvae to pupae before maturity hence have four stages of development.
Butterflies evolve from eggs to larvae, pupae and finally adult species. Creatures with three developmental stages have incomplete metamorphosis; those with four stages have complete metamorphosis.
Humans follow the step by step orders keenly and help the evolutionary processes or otherwise hinder them. Thus children sometimes open a cocoon and regret the mess on their hands!
With maturity, creatures produce their kinds but some species serve as couriers and then go extinct!
Creatures with full metamorphosis devour recklessly at pupae/caterpillar stage in readiness to reproduce and ensure species continuity…
Cowry was the first form of money followed by brass, copper, silver and gold. The last four are called commodity money because they are commodities that can be traded on their own values. And following Gold standard is Fiat currencies.
In spite holding the largest gold stock, the US did not have enough to meet her economic potentials by the later 1960s. Either discard gold standard or be stuck with its limitations hence the dethronement was inevitable. Other developed nations hated the US move but sensing that Fiat currency is the way forward, followed suit!
Cowry, the starting point of money represents egg; commodity money is larvae while fiat currencies signify pupae at which governments more or less went to town: currencies depreciations!
Now enter digital money signaled by Crypto currencies. Fourth in money evolution process that mark complete metamorphosis, the moment of truth also arrives: either currencies reproduce their kinds or risk extinction!
All money forms have intrinsic values. Cowry has value as decoration/beautification item just as commodities monies have their inherent values.
Cowries didn’t have uniform value just as commodity monies. South African, Ghanaian, Brazilian or Russian gold don’t have same values. Fiat currencies likewise do not have uniform value be it the dollar, Pound sterling, Euro, etc. Each has its unique, intrinsic value.
Where do Crypto currencies base or derive their values from? Sorry! Cryptos have no intrinsic values! None.
Money has life and has been growing for ages. Now at maturity and ready to produce each its kinds, where will their values derive from or they turn worthless, toxic.
Hundreds of millions of people have no value because they have no money but the greatest assets of nations are human; indeed the most efficient means of exchange. Humans have intrinsic values and can, indeed will add value to selves and others given the opportunity.
Money reproducing each its kind bases on and derives value from the people. No two nations or people have the same value. The value of an American, German, Nigerian or Chinese is not the same but no person or citizen of a nation is worthless.
Value separates citizens from slaves and slaves have no value except what their owners allow them. Therewith poverty is politics, not economics!
For millennia, some people undermined others, including persons dear to them while pretending to have their best interests at heart. Men looked down on women including their mothers out of conceit, deceit and depravity.
October 6, 1536, William Tyndall was burnt at the stake for translating the Bible from Greek to English. His crime: give English readers and the larger society access to the Bible which today is given out freely.
For centuries, people sidelined others maliciously and purposely. Apartheid is declared dead but is it?
COVID-19 has shown one thing among others: when the chips are down, borders don’t separate people as such yet something separates humanity for real: money!
Money is human creation and scientific making money is an essential part; the last stage and basis of universal basic income! The founders of money knew its stages and closing: universal minimum values that give citizens decent basic incomes as the ultimate human right!
For millennia, making money has been speculative business but science is the ultimate and makes the difference: end poverty!
Patent application for scientific making money has been on hold for two years but the elements, algorithm and principles are solid.
Why should everyone have money deserves clear answer.
‘Money is necessary hence must be available, affordable, accessible and safe as qualities of necessities.’ Food, shelter, water, etc. are necessary but without science, humanity would suffer their sever lack.
Necessity is the mother of invention and everything has its time, season. When time for masses to have the Bible came, it happened despite stiff obstructions and when the time for vehicles, telephone, computers, etc. for everyone came, they became reality against great odds.
Poverty is a tool of enslavement and dehumanisation: Lucifer’s principle. Forever, old orders pass away.
The future of money is digital, inclusive: metamorphosis of money.
Anyamele; a journalist and author wrote from Lagos. newheritage.books@yahoo.com.
