stacksatsio on Nostr: Coins are a rather late development in the grand scheme of money, raw metals were ...
Coins are a rather late development in the grand scheme of money, raw metals were traded by weight before that, and raw commodities before that.
If money was always on a ledger then it would not have expanded beyond individual civilisations - you don’t record on a clay tablet what the heathens who live 5 mountains away owe you and hope they return to make good.
Szabo has the most plausible account for the early history of money - moreso than both the Austrians and the Anthropologists.
Published at
2025-02-27 10:21:56Event JSON
{
"id": "876631a339301069b70aae96228576890b5484b3d0c2703ec6ee6d5574860668",
"pubkey": "7ca66d4166b16f54a16868191ba1c6386a976624f4634f3896d9b6740a388ca3",
"created_at": 1740651716,
"kind": 1,
"tags": [
[
"e",
"6f2e74918c148b393a0989ec9072a1e940f1160a0bd6e7eba752b6e98d5e9d61",
"",
"root"
],
[
"p",
"de7ecd1e2976a6adb2ffa5f4db81a7d812c8bb6698aa00dcf1e76adb55efd645"
]
],
"content": "Coins are a rather late development in the grand scheme of money, raw metals were traded by weight before that, and raw commodities before that.\n\nIf money was always on a ledger then it would not have expanded beyond individual civilisations - you don’t record on a clay tablet what the heathens who live 5 mountains away owe you and hope they return to make good.\n\nSzabo has the most plausible account for the early history of money - moreso than both the Austrians and the Anthropologists.",
"sig": "06be4c72d448adcafa87592c0b755177689fb02d3f07945637d7a0400127503fb8dc2812619fff3d95990a7fc4f059849217c76a901481790e4a1550f2242da1"
}
