Activity Lesson 1

Bitcoin Monetary Revolution
#1388

Q: 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: One of the barter transactions I did when I was a child was with one of my friends. He offered me a deck of Yu-Gi-Oh cards for my football. So, the deal was 1 deck of cards = 1 football, that was the price. For the time I did the exchange I might have thought it was a fair exchange, because finding the cards was difficult and not cheap. My football was not cheap, too. Therefore, I think it might have been a fair exchange

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#1389

As a child i traded Pokemon Cards to some other goods. Pokemon or other Trading Cards were so hype at this time, that they had value for almost every child. We even had a small bazar once a year in school, were these cards and also games, like Pokemon Nintendo, were the most traded items.
When i look back, i think this was a fair market, even then we didnt have online price list, but some of the children new which cards were rare and which were not.

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#1390

The barter transaction that I remember from childhood was trading Kinder Surprise toys. The exchange was fair as we mostly traded figurines that we had a double for.
I also remember bribing my younger sister to take a fault for something I did in exchange for doing her homework. As she never got punished by our parents I was a good student, it was a win-win situation :slight_smile:)

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#1391

Growing up Mexican meant attending endless birthday parties from friends, neighbors, and a plethora of cousins of course. During these parties there was always a piñata that was busted open during the last events of the party before the cake was cut. Since I was kind of chubby at the time of my youth I was always the slowest runner in racing towards the candy once the piñata was cracked open. What I lacked in stamina I made up for in strength by accumulating large amounts of candy with my hands, shoving other kids out of the way. One kid in particular had 5 king size Reese’s in his possession so I offered him all the Mexican lollipops and other small pieces in my hands in exchange for his, so he agreed. I think it was one of the best deals I ever made in my life.

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#1392

Activity

  1. A Brief History of Money
    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 once traded a 6 string guitar for another 12 string guitar. I had always wanted a 12 string guitar so seeing that at the time I had two 6 string guitars, it was a no brainer to exchange one of my 6 string guitars (of which I hardly used) to a 12 string guitar that I wanted in my arsenal. I still own the 12 string till today but it only has 6 strings on it so looking back maybe it wasn’t such a good move, saying that it is over 50 years old and is considered a vintage guitar so the value has risen since I made the trade.

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#1393

I have been paid in food for construction work at my parents’ house. Food was good meat I had trouble easily getting my hands on back at home, so that trade worked well for me.

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#1394

Bartering is pretty normal for me… I am a professional submission grappler and teach Brazilian jiujitsu to many different people with diverse walks of life. I thoroughly enjoy spreading the knowledge of bjj to as many people as possible and quite often take payment in unique ways. Iv’e bartered bjj lessons with massage therapists, yoga instructors, carpenters, lawyers, tattoo artists, mechanics ect. I do believe most trades were of close or equal in value and always love to leverage peoples unique gifts. I’ve been careful to trade my valuable skills with others that are proficient and talented in their trade. This makes me feel that the value I have been privileged to attain is worth its weight in bjj.

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#1395

I’ve traded a collection of car parts for an engine. This was most definitely a fair exchange considering the fact that the car parts were just taking up space and I needed an engine because mine was burning oil.

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#1396
  1. I remember exchanging eraser and pencil for cartoon cards at school.
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#1397

It’s realy hard to remember but i do have some foggy memories of a situation where i gave a few yu-gi-oh cards for a realy tasty sandwich.I was realy hungry and those yu-gi-oh cards didnt even belong to me they were my brothers card’s.It ended up being the worst sandwich i ever ate since my brother was older then me,you can imagine what happened after :slight_smile:

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#1398

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 don’t really have a good example with myself but I remember that my father back in the days was trading milk for honey or exchanging male rabbit for female rabbit or selling chicken eggs or rakia for money, and both sides were happy from the trades they were doing, because both of them were in need of something that they don’t have but want to have
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#1399

My experience of a Barter is always unfair, usually, adults who know the value of what you have in terms of money will offer you barter for an item they have with a lower value, and during the transaction, they talk it up and make claims on how their item is very valuable. As a child, you then fall into these traps and agree upon the proposed trade, in other words, I get scammed LOL.

An example would be my Basketball Ball for a Pen (claimed by the other party to be worth hundreds of dollars because it was used by someone famous).

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#1400

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 hardly remember doing barter transactions, probably the last of this type I made was back at school when I played with marbles or a bit later on with Magic cards.

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#1401

The most recent transactions I have had as a form of barter was a service for a service. A musician friend of mine needed some saxophone on a song of his. So, I played sax for him on his song knowing that he offered his service to me whne I would need it. In return at some point I needed mixing of one of my songs. So I called in the “debt” and he fulfilled the exchange by mixing my song for me.
I think it was a perfect exchange as we both got we we wanted and needed when it was needed. He does not play saxophone, I do. He is a much better sound engineer than myself, so he mixed for me. No money exchange needed, just service provided. It was a TX that took place over time but that was the deal we made, to fulfill the TX when it was needed, no expiration or fulfill by dates.

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#1402

As a child, I do remember trading battle game cards like Yugioh with my friends. The standard was that the rarer and more useful the card, the more valuable it was and would allow me to receive several cards for one.

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#1403

When we were kids we used to exchange playing cards of wreslting stars or cricketers. Based on the rankings of the character sometimes a card is worth more than one .

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#1404

As a kid I had a friend who always wanted to exchange toys and gimmicks, but I never traded because I was happy with what I had.
Turned out to be an attitude kinda thing…

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#1405

When we were children, I traded my little brother a nickel for a dime based on the fact tha the nickel was bigger than the time. Not an ethical trade. Hehe.

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#1406

As a kid I traded stickers with my friends. Some of the stickers were bigger, smaller or more unique. So the trades were always different depending on which friend that I was trading with and what stickers we wanted to trade.

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#1407

As a kid I made a barter transaction where other kid and I exchange pokemon tokens. Exchange was fair, but I was not happy about it later on. I had seconds thought that maybe my pokemon was better.

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