Activity Lesson 1

When I was in grade 5, I remember my classmate asked me to exchange her 1 whole pad paper to my 1/4 quiz pad paper (same no. of leaves) she told me that she has a lot of 1 whole pad paper in their home but doesn’t have 1/4. I knew it wasn’t a fair trade for her because 1 whole paper is more expensive compare to 1/4, but she was very happy. We talked about it when we reached high school and she told me that when she got home that time, her mom scolds her after knowing the trade she did. Haha

EXCHANGE: A primary barter I was part of was exchanging a brand new counterfeit Beyblade for a broken one. Both parties were happy at the exchange - my friend with a functioning Beyblade, and I with a broken original which need work.

POST TRANSACTION: I had the skills to fix the broken original Beyblade, which I did. It carried more central weight in combat and was practically invincible with a perfect launch and standard arena.

OUTCOME: I would say that without the skills to fix, I wouldn’t find the disassembled item as valuable - queue in average joe. My hypothesis was correct, the exchanged proved very valuable to me in consecutive games. Getting an original for a third of its monetary cost.
I never met my bartering friend in battle after assembly.

Back in the late 80s in USSR, my grandma paid the plumber for his “help” with fixing the toilet by giving him a bottle of vodka. He was also offered tea with a home-made pie after he had done his job. No kidding. It’s hard to say if this exchange was fair. On one hand, the plumber was better off, because he was paid by the state and had to provide services to the building in our neighborhood by law. On the other hand, the socialist economic system equally paid to all plumbers of the same rank and did not provide any incentives for servicing more households and in higher quality. But the bottle of vodka and home-made pie provided a miraculous incentive to schedule an appointment faster and provide the service with higher attention to detail.

Exchanging chocolate bars with sweets. Yes as both of us got what we want and they were some sort in the same category.

When I was a child, I used to get to eat my favorite foods from my parents when I did chores. If I did not do chores, I would get foods I disliked. With my friends we would trade lunch items with each other. If there were no lunch items willing to be exchanged between two parties, pogs would be a suitable alternative.

The barter exchange i had before was exchanging some answers to my seatmates, answers that they dont know, and giving me answers that I don’t know. Looking back, i think its a fair trade because we aced the test that time.

Naaala ko yan nyahahahaha😂

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I remember being around 10 years old and a friend had a gorgeous black marble with a gold coloured leaf inside it and I traded 10 of my other marbles for it. I still had a lot of other marbles left over but they were no where near as beautiful as the one I traded my 10 marbles for. Beauty is in the eye of the beholder and I was very happy with the trade!

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 used to trade sports cards as a kid. I traded a bunch of different cards for one set of the 1989 Score football set. It had a lot of great rookies in it, Barry Sanders, Troy Aikman, Emmet Smith. I held on to it for a long time then ended up losing it while moving through the years.
This would have been a good trade at the time because the set ended up increasing in value a ton and was worth quite a bit at one time.
It would not have been good as a store of value because most spots cards have lost all of their value since then. I am not sure what it wold be worth now, but I am sure i is not nearly as much as its peaks.

A barter transaction that I have had in the past would have to be when I was a first grader. I traded a mini mocha cake for a pack of gushers. I think it was a fair exchange because I had a ton of mini mocha cakes at my house and I seldom got gushers from the store.

To be honest, I don’t quite remember any barter transaction from my childhood, I would probably trade candies for favors :slight_smile: but nothing more specific. If you are willing to take a trade it is most likely worth it.

When I was younger I always used to trade my lunch with other kids lunches. Other kids would always want what I had in my lunch and I always wanted what they had in there lunch, so we thought they were good trades.

In my old job which was retail based, myself and my colleagues in my team used to barter for the “better” daily tasks we had to do to ensure the department was operating as normal. Often I’d take one of the worst tasks such as checking every product to make sure it had the correct label, and would have to print an that were missing by writing down the EAN (barcodes) on paper, then going to the PC at the other end of the store to manually type out the EAN to produce the label.

This was a long and tedious task so I often made sure I did it and got something good from whoever was meant to do it in return. The best thing I ever got out of it was a months supply of beer! What made it even better was I then traded the task to another of my colleagues who was hungover and wanted something easy to do and all it cost me was driving him home after work that day. What an awesome day that was :slight_smile:

Hi, Im Rhys from NZ/Oz and Im stoked to be part of this Blockchain revolution. Been trading for a while but always wanted to know whats behind the curtain so here I am, learning and loving it.

As far as barter goes we had a big family so making lunch for Mum was not always convenient so we got money and it all went on pies, chips and Sally Luns (saltana bun with coconut icing) and other stuff not decent parent would feed their kids. But other kids wanted it and I got cool kid status and did swaps, mainly with a guy who had meat sandwiches everyday! We ended up best mates.

Other than that, marbles for bigger marbles for rides on bikes, for borrowing records (flat vinyl music data discs - phew I’m old), swapping records, who made coffee next, everything, all goods and services, wants for wants. Economics 101.

Beer, now there’s a great currency.
I think we have the Barter concept nailed T-Rex. Lets move on.

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Once traded my baseball bat for a baseball glove. Fair deal

as a child deffintly trading snacks in the lunch room,if 2 kids(or adults) agree on the terms,like chips for fruit roll ups.my mom always put the same snacks in my lunch box so i was always eager to make a trade lol

Pogs and packed lunches or tuck shop snacks at school.

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 a red toy sports car for a gold toy old timer car. I thought it was fair, otherwise I would not have done it! :smiley: It was fair because I had no old timer cars in my collection

As a child, I traded a “Peperami” (a sort of dried sausage) I had left over against a Pokémon card of an older child.

Whether or not this was a fair trade depends on the perspective:

The card (called “Mr. Mime ex”) was quite good, in fact, it is worth more than the Peperami in fiat money nowadays (roughly £5-10). From this perspective it would thus be an unfair trade in my favour.

However, the transfer of value left both parties satisfied at an agreed upon “price”, with no information withheld from either party at the time of decision-making.
I was not hungry, and it was the end of the school day. The other child was somewhat older and did not particularly care for the Pokémon card. From this perspective it was a fair trade.