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It seems like the presenter has very limited knowledge of monetary history. Here's a much better source imo:https://twitter.com/NickSzabo4/status/981169950927630336 …
Thanks. It's silly ideology to pretend that use of gold as SoV started in 600 BC with the invention of coins, when the archaeological record of its use dates back to at least 4600BC, and use of gold jewelry as SoV continues in many cultures to this day.
@Suitpossum whats your take on this argument?
I'm not sure what the argument is. Gold's use as jewelry is a different phenomenon to its use as money. The very concept of 'store of value' as applied to gold by Nick means 'exchangeable for money'
Display of wealth and store of wealth are very far from being mutually exclusive uses of an object in most cultures. Modern Western culture makes a very sharp dichotomy between "money" and "jewelry" but that is our culture, not the historical cultural norm.
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