4 ms·
For anyone interested, there is literally no evidence that any society anywhere, ever, switched to using money because using barter was so onerous. [0] On an is
by teachrdan 8y ago
For anyone interested, there is literally no evidence that any society anywhere, ever, switched to using money because using barter was so onerous. [0] On an island like this one the inhabitants would inevitably create a system based on mutual aid and ongoing negotiation of responsibilities to one another. While this is a fun article, to me it exposes how cryptocurrencies are primarily useful as a value store and a means of speculation rather than a solution to actual human-scale problems.
[0] From "Debt: The First 5000 Years," by David Graeber https://www.mhpbooks.com/books/debt/ https://www.mhpbooks.com/books/debt/