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 …
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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.
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Replying to @NickSzabo4 @paulbuitink
except for the Incas who had no money or tokens. Instead they used rope with knots (quipa) for record keeping and accounting.pic.twitter.com/3yBRN18W3O
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Replying to @ToxicMaximalist @paulbuitink
The Inca used a number of collectibles as stores of value and media of wealth transfer, including "ceremonial" textiles and monetary metals. The conquistadors weren't looting strings with knots.
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Replying to @NickSzabo4 @paulbuitink
sure, but no coins. They had huge amounts of gold and silver, all in the form of jewelry and larger artifacts. For everyday transactions they seem to have used these ledgers made of strings instead of a currency.
1 reply 0 retweets 0 likes
For SoV purposes it doesn't matter that their monetary metals were in some other form besides coins (as indeed most monetary metals were for most of their history).
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