Why Does Money Exist? Currency and the Basics of Economics Explained.

  Рет қаралды 21,615

Basics Explained, H3Vtux

Basics Explained, H3Vtux

4 жыл бұрын

Uploading for my 28th birthday today! Bit of a different topic but one i've wanted to do for some time. Will be back to technology soon. And thanks for helping me get to 75k subscribers!

Пікірлер: 148
@Eternity4Evil
@Eternity4Evil 4 жыл бұрын
This was extremely interesting! Plese continue the series
@actionjumper42
@actionjumper42 2 жыл бұрын
This channel is insane. I have never ever seen anyone be so adept at explaining something so simply and understandably. You have a gift my friend.
@officialpremium1484
@officialpremium1484 4 жыл бұрын
This channel is like a ‘one stop shop’’ for every thing I’m interested abt in life.... 👍🏽.. And the craziest thing is.. I actually understood every thing he said.. 😳.. mhh crazy..!
@majRFan
@majRFan 4 жыл бұрын
Wow.. you have such a talent to explain things which i have never seen anywhere before. I watched all the explanation videos of yours in this channel and really enjoyed and learned a lot. Please.. please please make more of these videos.. You are like a superhero with the super power of explaining things the best way possible..
@officialpremium1484
@officialpremium1484 4 жыл бұрын
majR yeah bro.. exactly...🤦🏽‍♂️. I might have to watch the entire thing again .. u know to soak up the knowledge.. but over all an 11 / 10 for content.. Which he would say is impossible.. 😂..
@JohnMickus
@JohnMickus 3 жыл бұрын
I can't believe you explained this so clearly in 5 minutes. This is awesome, going to try your other videos!
@artemsmirnov9465
@artemsmirnov9465 4 жыл бұрын
This is an exciting realm of knowledge, so please keep up the series!
@wahoo_6471
@wahoo_6471 4 жыл бұрын
Happy birthday! I always get excited when you release a new video, and they've always exceeded my expectations. Keep up the good work.
@aloftoft8403
@aloftoft8403 4 жыл бұрын
Man, I would love some more explainers from you on economics. Your video really helped me understand the reason money exists.
@devin7551
@devin7551 4 жыл бұрын
Hbd, also im happy to see your back on youtube, you have always made great content and deserve more subs
@chigga5years173
@chigga5years173 3 жыл бұрын
I recently found your channel and iam in love with this. I didn't find your social network except for patreon. I couldn't financially help you cause iam a student living in a third world country. I will watch ads on your videos without skipping. Thanks for the knowledge that you have shared on Internet. 🙏
@rchamp247
@rchamp247 4 жыл бұрын
Yes I’m definitely interested in more videos like inflation! For me personally, the topics of money and computers are the most interesting. You’ve got some really nice content here I love the work :)
@manjunathks5354
@manjunathks5354 4 жыл бұрын
Welcome back sir, your content really interesting.
@dylantjaviation5964
@dylantjaviation5964 2 жыл бұрын
damn, only channel i enjoy learning things. most of my knowledge has come from your channel keep it up!
@levandeur3574
@levandeur3574 2 жыл бұрын
Thank you very much! Your way of explaining basics is brilliant.
@veerukancharla9271
@veerukancharla9271 4 жыл бұрын
Happy biryhday! And the video was awesome
@RoboCario
@RoboCario 3 жыл бұрын
These are the kind of things thst have puzzled me for years and i could jinda get an idea for why it exsist but never fully understand. But hlyou just explained it in one video and enlightened me a bit on how money works and why it exists. Please do more i really want to understand this stuff.
@ucminhpham7641
@ucminhpham7641 4 жыл бұрын
I find this very amusing and interesting, more of these pls.
@jazy1
@jazy1 4 жыл бұрын
Bro your vids are amazing !! Make videos on every topic !
@elgatoamarillo
@elgatoamarillo 4 жыл бұрын
Love the new channel name!
@NbaLive4ever
@NbaLive4ever 3 жыл бұрын
Great high level explanation of currency!
@armourwrld5156
@armourwrld5156 4 жыл бұрын
Yeah continue the series or the topic. I found it very interesting
@talitm
@talitm 4 жыл бұрын
Yes! Please do more on inflation, stocks, etc.
@alphazangaming7200
@alphazangaming7200 4 жыл бұрын
This was extremely interesting
@beasted_foundation
@beasted_foundation Жыл бұрын
This is amazing, well explained
@sakethvande7587
@sakethvande7587 4 жыл бұрын
hey , man great work that you are doing..keep it up.
@beparizaidalikhan9777
@beparizaidalikhan9777 4 жыл бұрын
U r covering good topics. Keep it up and carry on with such topics.
@bradsillasen1972
@bradsillasen1972 Жыл бұрын
Very helpful to understand a very abstract topic.
@ObscurityIsBest
@ObscurityIsBest 4 жыл бұрын
Another great vid!
@user-kt7px1bc9k
@user-kt7px1bc9k Жыл бұрын
Great idea to share
@laiquemirza1740
@laiquemirza1740 4 жыл бұрын
The video is interesting and full of information. and i am looking for the next videos. thank you
@oxy4747
@oxy4747 4 жыл бұрын
Yes make more videos on this topic!
@backhandkill
@backhandkill 4 жыл бұрын
Awesome video!
@cmpyak1998
@cmpyak1998 4 жыл бұрын
Good video, i wish you will do a serie to this topic
@katzmonaut
@katzmonaut 4 жыл бұрын
Your explanation always understanable
@koenf.5397
@koenf.5397 4 жыл бұрын
Very interesting!
@lammbird
@lammbird 4 жыл бұрын
Very nice video What I'd love to see somewhere down the line is a video about stock exchanges
@axedyson
@axedyson 4 жыл бұрын
Yes I would like to know more about the things mentioned in the ending like inflation etc. !!
@trader573
@trader573 4 жыл бұрын
Very interesting in your explanation..👍🏽
@hith2re
@hith2re 2 жыл бұрын
Great video :)
@g-nick397
@g-nick397 Жыл бұрын
Great explanation
@leyonerrosario3076
@leyonerrosario3076 4 жыл бұрын
Great way to explain it thx
@Barsaabn
@Barsaabn 3 жыл бұрын
I would like to see a video on debt, inflation, cryptocurrency, stocks its very helpful i have seen the shortselling 😊your videos are very helpful you shiuld have more viewers!!!
@3timesv
@3timesv 4 жыл бұрын
Great.. Thanks
@madanihomani2001
@madanihomani2001 4 жыл бұрын
It's interesting keep up
@manotto3939
@manotto3939 4 жыл бұрын
Thanks.. Waiting for the rest
@georgeluke6382
@georgeluke6382 2 ай бұрын
Please continue!
@manel5947
@manel5947 3 жыл бұрын
Extremly helpful
@arnavsuden185
@arnavsuden185 4 жыл бұрын
Please make more computer related videos you are really great and helpful
@keepgoing38
@keepgoing38 Жыл бұрын
Do more please. Thanks a lot.
@orondemanson4330
@orondemanson4330 4 жыл бұрын
yessss moreeeeee moreeeeeee
@swapniillalwala8859
@swapniillalwala8859 2 жыл бұрын
You should go for topics like Keynesian theory of inflationary gap, speculative motive for holding money, demand and supply of money, concepts like stagflation trade cycles etc..
@whatistomwithoutjerry6985
@whatistomwithoutjerry6985 4 жыл бұрын
Hi please just make more videos in general I just found out your channel because I had a random thought on how computers read 1s and 0s and turn into then text my ex send me that ruined my life BUT I stayed for the awesome explanation and easy to understand Intresting videos that actually made me hook on how stuff works
@H3Vtux
@H3Vtux 4 жыл бұрын
Well thanks i'm glad you enjoy it! Sorry to hear about your ex :/ hope everything is okay!
@nikhilmathews5643
@nikhilmathews5643 4 жыл бұрын
Nice 🤗
@shade0636
@shade0636 4 жыл бұрын
Please make more videos on the topics you proposed at the end.
@ObscurityIsBest
@ObscurityIsBest 4 жыл бұрын
Btw, Happy Birthday today!
@soldat7621
@soldat7621 3 жыл бұрын
amazing
@3RD_SAHILVERMA
@3RD_SAHILVERMA 4 жыл бұрын
We need more videos 👌👌👌👌👌👌👌👌👌👌🙏🙏🙏
@thewiseowl8804
@thewiseowl8804 2 ай бұрын
Please do more related to economics
@andrea.5677
@andrea.5677 4 жыл бұрын
This topic is of interest
@kivala1695
@kivala1695 Жыл бұрын
It would be interesting to see a simplified video about why do one earn 10 money for the same amount of the same work here and why one earns 15 money for it there.
@DanDanPlaysMusic
@DanDanPlaysMusic 2 жыл бұрын
Epic
@paulinaprieto19
@paulinaprieto19 2 жыл бұрын
Please more videos about financial help
@markspider9897
@markspider9897 4 жыл бұрын
Plz make more vids about this topic
@saadbhatti6437
@saadbhatti6437 4 жыл бұрын
I'm intrested
@ouanesachouche6785
@ouanesachouche6785 4 жыл бұрын
great video,can you make another video about cryptocurrency how is this unmaterial thing stored? and if its just code why cant i make my own one ?is it safe?
@saadbhatti6437
@saadbhatti6437 4 жыл бұрын
Hi h3vtux, Can you make a video on privacy and can you please explain it in detail. One of my freind told me that you should take your privacy seriously companies like google and facebook keep your data and know every thing about you, about your interests what you like what you don't like etc. I'm very confuce about privacy like why should i keep myself private if i didn't do anything wrong and what will be the consequences if i don't secure myself and what is the problem if they know that much about me. Aren't they keep data to make there services better ? I don't see anything wrong here can you explain it what is going on what is wrong here. And sorry if i did write something wrong my english is bad.
@judehickhickling7217
@judehickhickling7217 2 жыл бұрын
What if they can just give instead of trade? They would sometimes not have to trade
@malikrahman8649
@malikrahman8649 2 жыл бұрын
The first form of trade is called barter or bartering
@mayattv4986
@mayattv4986 4 жыл бұрын
Please explain how network security and network penetration work! If the internet is connection of computers, how are they safeguarded? And how are they penetrated? Please! Please! 😭
@Unknown_per
@Unknown_per 2 жыл бұрын
Start your advertisement on KZfaq, because you deserve more view and subscriber, and thank you really 🙂
@gamechaser94
@gamechaser94 2 жыл бұрын
Ha gives him wood
@Banibatiti
@Banibatiti 4 жыл бұрын
I have learned a lot in this video. Wanna be a friend.
@muhammadumar1273
@muhammadumar1273 3 жыл бұрын
Plz make a video on cryptocurrency
@samuelbeckley4813
@samuelbeckley4813 4 жыл бұрын
Make videos on Stock and cryptocurrency...
@shanebell1
@shanebell1 Жыл бұрын
Before those 3 people got the blue rocks to use, someone had to have all the blue rocks and then gave it out. How did they get the 3 to use the rocks? Cuz whoever did it was sly, for each rock they got something in return like gold. So who ever collected the blue rocks to give to the 3 as currency becomes the richest person because those people got a useless rock while they keep the thing that will always be valuable like gold
@ginnigaur9674
@ginnigaur9674 4 жыл бұрын
Yeah of course make more videos
@tuneteenth
@tuneteenth Жыл бұрын
Men trading each other's meat and logs is insane.
@adriannamariav
@adriannamariav 2 жыл бұрын
☺️
@ShinnVX
@ShinnVX 3 жыл бұрын
It's sad now that money is become known to the root of gree rather than root of cooperation....
@Ariel-ye4md
@Ariel-ye4md 2 жыл бұрын
cryptocurrency video please :D
@AndresLopez-st3lz
@AndresLopez-st3lz 4 жыл бұрын
S T O N K S
@nikosn.8841
@nikosn.8841 4 жыл бұрын
He told me to comment so i did...
@xy-rv5yo
@xy-rv5yo 4 жыл бұрын
2:46. Look up the theory of money and credit by Mises. It show the most important requirement for a currency is its intrinsic value. The value dollars derive is the ability to pay federal tax with them. However we are loosing faith with the government as they deface the currency. Gold is a better currency as the value is more intrinsic
@afzalarif1124
@afzalarif1124 2 жыл бұрын
this may not be sufficient for why a lot of people came to see this video. I would suggest taking look at more very much.
@CharacterUpgradeHub
@CharacterUpgradeHub 2 жыл бұрын
Now.. what if the 3 people built a friend relationship with each other and out of the care in their hearts, helped each other with their needs, then there would be no need for money. Now the real question is how can this be implemented in todays society
@kennethcovington9279
@kennethcovington9279 2 жыл бұрын
Why not just give the lumber guy the carrots since he have more than he needs? Money will end up leaving one or two of them helpless in the end.
@H3Vtux
@H3Vtux 2 жыл бұрын
In an instance of only 3 people, that would likely work fine (families and close friends for example rarely keep track of who has contributed what). But as social systems get larger and larger, keeping track of who is contributing what, and how much it's needed is crucial. It's not just a question of finding out if somebody is being selfish (ex: somebody is sleeping all day and then taking more food and logs than they even need without contributing anything), it's also important to find if somebody's time is being well utilized (ex: Somebody is getting logs, but we already have enough logs, so it makes more since for them to help hunt). It helps with logisitics.
@kennethcovington9279
@kennethcovington9279 2 жыл бұрын
@@H3Vtux the use of money has ran its course. I could over explain but ill keep it simple. You say contributing. But people are born with leverage. So the amount of work compared to the reward of money doesn't equate any more. The evolution of communication has eliminated the blind eye to poverty and ignorance. We know exactly who is struggling and to ignore is to ignore god. We are educated enough to control population and provide a fair life to all. Because life is happiness. Not the pursuit of happiness. The pursuit of a home and health care and food on the table? American dream is the abundance of stuff. This dream is old and played. We all deserve to have because we survived child birth.
@kennethcovington9279
@kennethcovington9279 2 жыл бұрын
We are trading the same goods. Food, shelter, and transportation. I'm certain the first 100 transactions did not have any murders. But once one product deemed more valuable than the other the system titled. Such as the lumber guy was useless in the summer. he built a bat because he was hot and hungry. One life lost to the dollar bill is far to many.
@matthewvarcelli2569
@matthewvarcelli2569 2 жыл бұрын
I like the way you think money definitely has ran its course
@matthewvarcelli2569
@matthewvarcelli2569 2 жыл бұрын
@@kennethcovington9279 also for example I landscape so I would only need to trade to 4 people a real estate developer a gas station a farmers market and a cars salesmen now on the other hand a drug dealer has way more money than I do does that mean they contributed more to society? If money didnt exist they wouldnt be able to trade drugs for essential goods unless those 4 people use drugs wich I hope they dont but you see where I'm going with this the drug dealer would be left in the elements because their trade is far less valuable than other trades society is ridiculous
@shaikhsanuar5339
@shaikhsanuar5339 Жыл бұрын
Want more videos
@paranjay4776
@paranjay4776 4 жыл бұрын
Make a animated video how computer can read 0 1. And how compiler translet our code.
@wahoo_6471
@wahoo_6471 4 жыл бұрын
He already made one on binary, if that's what you're looking for: kzfaq.info/get/bejne/jtabaZqK37XSZas.html.
@usercr7931
@usercr7931 Жыл бұрын
money still isn't the final best solution for an optimal future civilization
@adamjovicic9006
@adamjovicic9006 10 ай бұрын
What is?
@kentheengineer592
@kentheengineer592 7 ай бұрын
​@@adamjovicic9006Resource Based Economy Solved Money Problems & More
@alisonlapoint3260
@alisonlapoint3260 4 жыл бұрын
Yes please c
@soldat7621
@soldat7621 3 жыл бұрын
as always
@TheWorldsNumberOneFan
@TheWorldsNumberOneFan Ай бұрын
We shouldn’t agree that money has value, if we disagree with money being valuable, things are more likely to be free. Stop cooperating and let’s stop inflation.
@maxpower9445
@maxpower9445 Жыл бұрын
🤑
@abubalo
@abubalo 2 жыл бұрын
I don't KZfaq is treating this channel well.
@dusandragovic09srb
@dusandragovic09srb Жыл бұрын
Money = Black Magic Money = Accounting System, period.
@tezcanaslan2877
@tezcanaslan2877 4 жыл бұрын
TLDR:Why does money exist is because people was running out of storage from the goods they got from trading and invented money as a result
@matt.k5161
@matt.k5161 2 ай бұрын
Hear me out, split your own logs, harvest your own meat, grow your own carrots
@clintonfernandes5945
@clintonfernandes5945 4 жыл бұрын
Sorry to tell you this but this definition is completely wrong. It's not based on reality, but rather propped by posh city dwelling economists like Adam Smith, as a mere theory. If you want to know the history of money and what it is, don't ask economists, but anthropologists. Anthropological view on money: Really what money is, is debt. Specifically debt owed by the King/Authority figure. Kings had to pay standing armies for their conquering voyages. So the Kings decided to use a semi useful token like gold (but can be paper as well) with a mark on it to denote the debt owed by the King to whoever holds the coin. So a coin denoting 10 could mean that whoever holds it and returns it back to the issuer of the debt i.e. King will get 10 worth of crop/goods anything, and the debt will be cancelled. The coinage method was very useful in paying soldiers, as the King had asked all the commoners on its lands to accept the coins given by soldiers, provide the needed foods and shelter (which otherwise had to be carried from the source of travel) and consider the coin as a debt owed by the King. More coins you held, the more the King owed to you. The same applies to paper currency, digital currency. It's just debt.
@vanshikaatrevadia2093
@vanshikaatrevadia2093 2 жыл бұрын
Woah awesome I love how history is replicated today So history is not useless
@bestxd4945
@bestxd4945 2 жыл бұрын
But actually money is kind of worthless like Can you even imagine What can paper and sliver gonna do? Paper is made for writing I knew but Why? Why don't we just take a simple thinking Like there's 3 roles: 1. Citizens 2. Worker 3. Food managers 4. Engineer So here's explanations: A Citizens have be select for their roles depends on how they can do well and commitment, Citizens which select as workers has 14 group which is D1,2,3,4,5,6,7 N1,2,3,4,5,6,7 D mean day and N mean night there's machines enough for workers per group and workers have to switch with another group when they done working example: D1 with switch with N1 and N1 switch with D2 and when they reach N7 they switch to D1 Engineer have roles to build houses (feel illegal tho) and teach news Engineer And when they done working there will be food managers which give food every 3 hours They have to get food for resting also Workers is working with engineer's machines and machines make electric And when the house is on fire. Its house fault. Engineer will rebuild
@jorgefachada6401
@jorgefachada6401 2 жыл бұрын
What he failed to tell, is that the inicial system didn't work because they assume that people wouldn't cooperate with each other. That they would be stupid to the point that they would prefere to not have vitamin C and something of value for a future trade. Money is pointless.
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