Activity Lesson 1

Bitcoin Monetary Revolution
#664

I remember one particular ongoing barter transaction that I was involved in during Junior and Senior High days.

My friends and I would several times a week play backyard football. There was an empty lot next to a neighbor’s house across the street from a friend of mine.

Well, my friend and I would mow the man’s lawn, the empty lot and his house lot, in exchange for being able to play football on the empty lot whenever we wanted.

We felt this was a fair trade because we lived in Michigan and so in the winter time we didn’t have to mow the lawn but we still were able to play football on the lot. We had a great ice strip down the middle for about 10 yards - if you slide down the ice even after you were tackled the ball was marked at the spot where you stopped sliding :slight_smile:

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#665
  1. Marijuana has been used as a barter transaction for decades. In exchange for a beer, a person could exchange a gram of marijuana for one or two beers. Sure it was fair!
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#666

When I was a child in elementary school, pokemon cards were the closest thing to value students had. A good majority of kids had pokemon cards and participated in trading the cards. I remember I helped a friend with their homework in exchange for a pokemon card. The card I received was a holographic Venosaur. Charizard was the most valuable card, and if anyone had a Charizard, it was very difficult to trade for (unless the person had multiples of the card), but everyone knew that getting a Charizard was a near impossible transaction that ALWAYS favored the person that held the Charizard card.

I thought I got the better end of the bargain because I got a card that I had not owned yet, and my friend got the help he needed without getting in trouble with his parents. Looking back, I would not say that was a fair exchange for my friend. As the Venosaur card from the first generation cards is more valuable than a 4th grade math assignment.

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#667

hahah,
I was never brave enough to hold enough marijuana to barter with people. We always shared what we had, though, beer was harder to share.

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#668

I love the barter system. When I was a young man living in Long Beach, California, USA I worked for a man named Ernie. Ernie owned a clothing line and was also a tattoo artist. I worked for Ernie as a screen printer, applying different images to clothing. There were times that he could not afford to pay me in cash - instead I would be paid in cooked meals AND tattoos.

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#669

Barter transaction I used as a child included trading allowances, toys, candy/gum for chores. As far as whether it was a fair exchange or not depended greatly on which sibling I was had to negotiate the barter or how desperate I was to get out of the chore.

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#670

many years ago,roghly about 32 to 34 years ago as child we used to collect Chewing bubble gum wrappers with the picture of cars,after going through barter transaction in this lessen i thought it might be a good example of it.
some of the car pictures were too hard to find and collect so it was easy to trade it with other kids for something valuable like a real car toy or something with the worth of money.
I think it was a fair Trade as took me so much time and money to collect them, and i was not happy to give it away for nothing.

Or recently i found an item (keyboard) on gumtree that someone was happy to trade it for a mouse ,It was a fair trade as we both were in need of those items.
:smiley:

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#671

I think I once bartered some toys for comics and I think it was fair since It was with consent of both parties.

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#672

For example a video game traded for a toy car.
It was a great exchange at that time, I enjoyed the video game more than a toy car.

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#673

While working internationally I used to trade rations with the Dutch, Bulgarians and locals pretty regularly. Sometimes it was good, but sometimes it resulted in a day or two of digestive problems.

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#674

I remember trading Pokemon stickers i had repeated (maybe 6 or 7) for a specific one that i needed to complete my album. It was not fair because the person usually was not aware of the rareness of their sticker, since they weren’t as far as me completing the album.

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#675

I used to exchange foreign postal stamps and foreign currency coins. That’s the closest barter system I can think of, which I was involved in.

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#676

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?

A: I traded Magic the Gathering cards with the boys in the neighborhood. They were older and i think it was not the best deal

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#677

Recently I agreed to barter mixing a song in exchange for production on a future song. It’s fair for both parties. We are of the same skill level and charge about the same amount for our services. We also want each others service.

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#678

As a Child me and my friends was fully in Pokemon and Yugioh Cards! Thats long ago but the question is: How many low level cards do you need to get one 3 headed Dragon:-)
as a adult there are trades with money for stuff or when I helped someone to get money or be part of a nice dinner!

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#679

Trading my friend, two of my older playstation games for one of his newer playstation game. It was a fair exchange for both of us since I was not playing the two older games and did not have much value to me but my friend wanted to play them. I got one game but it was a newer one I wanted to play and my friend was done with it so it was little value to him.

#680

When I was 35 I used to teach guitar professionally. I gave 4 guitar classes of one hour duration for 4 weeks in exchange for a Roland Micro-cube guitar amp. At that time I needed a small spare guitar amplifier to let the students play on so I could use my own amp for myself and the students could have and shape their own sound. it was a great deal for me. As for the student It was a great deal for him too because he wanted to buy a bigger guitar amplifier since he was joining a band and he still wanted to enhance his guitar playing skills and take lessons from me. He also liked the micro amp and was comfortable with the sound at his guitar classes with me… So it worked out profitable for both parties.

#681

Pokemon, Yu-Gi-Oh and WWF (now WWE) cards. I remember that I gave up on say 3-4 cards of other wrestlers only to get 1 missing piece of The Rock in my collection. Was it worth it? Of course, he was a star back then and now he is even a bigger movie star. :smiley: I miss those days as kids because trading then was innocent and real fun.

#682

As an adult the only example I can think of is at the hair salon my wife worked for I would occasionally help them with a small renovation on the building the owners just moved the salon into, and in exchange my wife could cut my hair there for free (so no commissions went to the owners). Looking back this was in no way a fair exchange because she could obviously just cut my hair at home, but I enjoyed helping out the salon.

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#683

It took me a while to think of a personal example of bartering. I’m (depending on which generation chart you use) a late Millennial/early Gen-Z and all I have ever known was cash (fiat) and digital fiat. But…I did swap books with a schoolmate one time. At the time I thought the exchange was fair because I really wanted to read the book (which was a part of a larger best-selling series).

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