If they (and you) read up on what travelers, missionaries, & ethnographers actually witnessed & recorded of recently contacted cultures, you will find that SoV & medium of wealth transfer long preceded record-keeping. See https://twitter.com/NickSzabo4/status/954225789129469952 … & refs in the linked articles.https://twitter.com/mikejcasey/status/981141578285805569 …
-
-
Replying to @NickSzabo4
People that claim record-keeping preceded store of value can't answer the question why record-keeping Mesopotamians used silver (and barley) as unit of account. Hint, because it was already a store of value.
3 replies 8 retweets 51 likes -
Replying to @NickSzabo4 @paulbuitink
at first I was taught that money was invented to replace barter/solve coincidence of wants problem, then I was taught that was wrong and it was actually a means of tracking debts, now you're saying it is something else
1 reply 0 retweets 2 likes
The coincidence of wants part is true, if we include things like "coincidence of wants with somebody dying and leaving you their stuff" and "coincidence of wants with somebody owing you a fine or tribute."
-
-
This Tweet is unavailable
- 2 more replies
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.