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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really? What are some money-like objects that I ignore that either 1. Arise from barter or 2. Act differently than the forms of money I discuss & describe?
Why are you raising the topic of "barter"? I'm talking about stores of value and media of wealth transfer, neither of which need to have anything to do with barter (especially not in the narrow sense in which you use that word).
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Numerical measurement and counting like 1-2-3-4-... (as opposed to visually mapping sets of objects) were not necessary for SoV or media of wealth transfer to evolve.
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If you define it that broadly and vaguely, then unit of account may have been practically universal. A better specified definition is needed.
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Szabo, he did include that & has more than a chapter on human economies, the currencies they use, & how, & how that system morphs in face of violent external forces. I suggest you read the book again, it is a very joyful endeavor.
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Isn't ability to barter necessary for store of value or medium of exchange? What value is being stored if not the ability to barter for practical goods and services?
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this is why I assumed it was a circular argument
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I haven't read the book yet, but it only makes sense that debt is the first form of money as it is an explicit agreement of future value that can be transferred. Once there is enough explicit future value in the form of debt, it could be traded for things like gold.
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A liquid and stable market between future obligations and gold would then make gold a "store of value" and medium of exchange based on the amount of future value it trades for.
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