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3/ In the industrial revolution, factories had to attract workers with frequent pay that could be spent at bargain shops. The Royal Mint was not producing low-denomination coins, so factories minted their own. Was not the only time or place for private coins. ht @GeorgeSelginpic.twitter.com/Aq1IITZgfR
4/ Vast majority of coins were minted by gvnts, but monetary use of metals was far broader than & long predated that of coins. International money was the metal not its form. "Pound", "drachma", "shekel" etc. were units of weight. https://unenumerated.blogspot.com/2017/03/collecting-metal-inner-and-outer-worlds.html … https://unenumerated.blogspot.com/2016/12/weigh-and-deliver-compensation-and.html …pic.twitter.com/ghz4IU6mqU
Ethnography was confounded by colonial bans on native institutions. Despite this many recorded use of shells as store of value & medium of wealth transfer. Shell beads go back over 100,000 years in archaeology. Copper was first smelted to make beads. https://unenumerated.blogspot.com/2017/02/conflict-and-collectibles-among-yurok_87.html …pic.twitter.com/ZDHAa1iR9R
@NickSzabo4 this is a good dyad and I'd suggest the debate now and in the future centers on blockchain being the lower half and debating what can be crammed in the upper half (and how to regulate it)! It immediately made me think of this chart I worked up and have been using...pic.twitter.com/kevFz2EKGs
Pretty good except IOUs are very different from fiat, and this chart wrongly puts some examples of IOUs (e.g. bills of exchange) in the fiat category.
Good point, I see what you mean, I'll update my working copy. I haven't made this public until now and appreciate any and all feedback.
current society is completely ignorant to how money should work, inflation is an invisible tax and nowadays ignorance <=> loss of money
So in terms of cryptoeconomics, maybe the central weight (not minted coin) is "censureless cryptographic mechanism" i.e. robustness against censure. This is more important than this coin or that coin or who made what, when.
But nick this is only a historical view, not an anthropological one. Currency is very very old, most likely did not develop in a centralized way.
The difference between currency and money is the "issue" here. Get it? 
Same with pizza 
- just sayin'
Peso literally means weight 
Thanks for filling in those gaps Nick. It's propoganda. 11/29 is my birthday. It's also when bitcoin first reached $10,000. The article failed to mention that when they said it dropped 20% that morning.
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