Typical barter transactions I was a part of as a kid was trading cards, either for other cards or in exchange for something else. Usually pretty fair since both sides of the transaction was accepting of the terms of the barter.
I did a few Barter Transactions in the last years with a friend . He is a big Hockey fan and is playing on his own just for fun. He is alwys using hockey sticks which you cannot buy in the stores because they are custom made for different players. so because i had connection to get those sticks i organized this expensive sticks. inreturn he organized new tires for my car which he could organize for free because he was working for a big company! Very good exchange because the value was pretty high of both parties and both got it for free!
Traded my own drawing for a comic book reading. it is fair because it’s proof of work for me to produce the drawing and it’s proof of ownership from my friend. We used Uniswap to complete the deal. Should’ve use Compound to earn some COMP .It’s the only regret.
When I was a kid, we used to trade Yugioh, Pokemon and Magic cards - that was the real shit! Can’t remember any specific trade, but I do remember trading a couple of cards for a Gameboy game, it was a good trade on my end.
Exchanging Pokemon cards and computer games. Was fair.
At school we used to trade Football (soccer) stickers. Sometimes you had to exchange a few stickers for just one but I think it was fair because you were trading mostly stickers you already had in your album. So what was rare to you might not have been to someone else,or the other way round.
When booking flights I would regularly trade or ‘barter’ with the airline, in that I’d pay less money, but I’d be more inconvenienced by longer flights. So I’d save $200 but spend 10 more hours flying. I thought this was justified since my minimum wage was $15 an hour, so I used time as a metric with which to see if I was saving.
I haven’t really ever bartered two items but this is surprisingly similar.
After some thought, even though barter is an old concept it is still very common. When growing food, barter becomes a common practice, trading eggs or jars of fermented vegetables with my brother for some fillets of fish that he caught at the lake that day. Trading wild foraged raspberries for frozen ground venison from a friend. Sometimes, food can be traded for services as well. A 12 pack of home brewed beer in exchange for help with a project. Bartering of time is common as well. Many times I have helped a friend on a project only to have them reciprocate by helping me later. The exchanges always seem fair because the bartering is often done within a tight knit community, in my case. Trust has been built between each other so even if a particular exchange isn’t exactly equal, there is trust that over time and more exchanges things will even out. It would seem that most people are involved in some kind of bartering every week without thinking too much of it. It’s natural.
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I remember trading marbels as a kid. Sometimes one large one for ftwo or three small ones, or depending on a desirable color or design, maybe more! Occasionally we’d trade marbles for a pack of gum or a small toy or trinket.
Thanks @Arami_Alfarhani
When myself and brother would play with action figures as kids, we would line them up in order of which we thought was the best. Instead of flipping a coin, we would take it in turns to pick which action figures to play with.
If myself or my brother chose the clearly superior toy first, the second to pick would have the opportunity to counter-offer for 2 figures or a set of figures who’s perceived qualities were lesser on their own, but made a a more “valuable” unit collectively.
A bit abstract but there you go!
Turns out I didn’t barter much as a kid…
I can remember being about 6/7yrs trading conkers with a friend… We’d collect a load and then trade them at school. We would trade depending on a) size of conker b) shinyness of conker c) size of the white circle on the conker (anyone know what that’s called?)
Essentially we would each try to build the biggest shiniest collection of conkers we could… (with the smallest white bit!) I honestly can’t remember a specific exchange - however I remember always being happy with my collection
Great beginning to the course
Been trading and hodling Crypto since 2017. Even through the crash im still interested.
One of the best trades i have made was to pave the back garden in exchange for a break from incessant nagging from my girlfriend. It cost me two days or hard labour and a significant amount of money but the peace and goodwill i received following was worth twice what it cost in blisters
Ill never forget a time where me and my sister were attending a kids group, and we had ritz crackers packed, and there were two siblings there who had these twizler like peel candies and we both wanted what each other had. I think the trade ended up with more crackers for only a little of the candy, as we had a whole sleeve of crackers, and the candy was more limited. And yes, it was a fair trade and both parties were happy the whole week haha
back in 2004 I traded 5 pieces of cereal bars against a cell phone, was a good deal
I gave a tenant free rent for two months and he fixed structural issue with my residence. It was worth it because I would not have found another trusted renter in the short amount of time he couldn’t pay rent so I would have been out of the money regardless. I also had a service performed that would have cost me infinitely more had I had to contract someone. I likely came out on top in this one.
Barter is still well and alive even in this day and age. I run a small market garden and we sell CSA vegetable baskets and sell vegetables, chicken and eggs at market. Small vendors at the market barter before and after each market. I trade my goods for items I can’t produce like Kombucha, goat milk, cheese, artisan breads etc… This works great as I can trade items I have a surplus of for items I can’t produce and the other vendor I’m trading with feels the same… fair trade all around ;o)
So I guess I never been engaged in barter transactions. The only couple of times people gave me stuff that I needed in exchange for my future possible help to them. I think it’s fair enough.
Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
I exchanged football stamps as a child, it was fair as stamps are virtually the same thing except they have great value or zero value depending on what you need for your collection. I also swapped stationery with other kids, I thought the exchange was fair however if the other kid didn’t understand what their stationery cost, they could have in effect got back less than they bartered. As an adult I swapped astrology readings for tarot readings ( pretty fair swap) and an astrology reading for a watch, this was fair in terms of value, even though the items were tangible versus non tangible.