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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Jan Nieuwenhuijs‏ @JanGold_ Aug 6
      • Report Tweet

      Gold and electrum rings from the Nahal Qanah Cave (Israël) late fifth millennium BC. Money?pic.twitter.com/ch9YbUkW8V

      4 replies 10 retweets 54 likes
    2. Nathan Lewis‏ @NLeconandpolicy Aug 6
      • Report Tweet
      Replying to @JanGold_

      Almost certainly. They are probably derived from rings for wearing, or possibly bracelets, but these are very rough and too large. The ring shape may have allowed easier subdivision by cutting or sawing.

      1 reply 0 retweets 2 likes
    3. Jan Nieuwenhuijs‏ @JanGold_ Aug 6
      • Report Tweet
      Replying to @NLeconandpolicy

      I don't think this is money yet. Came a bit later (third millennium bc, in my books). These are collectibles @NickSzabo4

      2 replies 0 retweets 1 like
    4. Nick Szabo  🔑‏ @NickSzabo4 Aug 6
      • Report Tweet
      Replying to @JanGold_ @NLeconandpolicy

      There isn't a sharp distinction to be made between collectibles and money. Collectibles were a store of value and medium of wealth transfer -- the main distinctions one might make are somewhat arbitrary cutoffs of velocity and granularity.

      2 replies 1 retweet 10 likes
    5. Nick Szabo  🔑‏ @NickSzabo4 Aug 6
      • Report Tweet
      Replying to @NickSzabo4 @JanGold_ @NLeconandpolicy

      Nick Szabo  🔑 Retweeted Nick Szabo  🔑

      Since these are electrum & gold they may have been used in higher-value wealth transfers than those of later Mesopotamian and Holy Land silver.https://twitter.com/NickSzabo4/status/983714112667508736 …

      Nick Szabo  🔑 added,

      Nick Szabo  🔑 @NickSzabo4
      Pre-coinage silver in action in the old Middle East: "And I bought the field at Anathoth from my cousin Hanamel, and weighed out the money to him, seventeen shekels of silver." (Jeremiah 32:9) "Weigh and deliver" in Mesopotamia: https://unenumerated.blogspot.com/2016/12/weigh-and-deliver-compensation-and.html … pic.twitter.com/eQfniUoK5A
      1 reply 1 retweet 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 Aug 6
      • Report Tweet
      Replying to @NickSzabo4 @JanGold_ @NLeconandpolicy

      Just going from the photo these rings look like ugly jewelry of standard sizes, making possible a higher frequency of use use as a medium of value transfer than the unique / nonfungible collectibles generally featured in museums.

      11:07 PM - 6 Aug 2019
      • 1 Retweet
      • 2 Likes
      • Digital Currency Laboratories Riding Unicorns to the Moon
      0 replies 1 retweet 2 likes

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