4 ms·
https://twitter.com/real_vijay/status/968854238095753216?lang=en https://twitter.com/real_vijay/status/968854238095753216?lan... 1/ There are four stages that
by coralreef 6y ago
https://twitter.com/real_vijay/status/968854238095753216?lang=en https://twitter.com/real_vijay/status/968854238095753216?lan...
1/ There are four stages that all market-based monetary goods pass through in their evolution to becoming a fully fledged money:
1. Collectible
2. Store of Value
3. Medium of exchange
4. Unit of account
- jasonlaramburu 6y agoHow many examples of this exist besides gold and silver?
- coralreef 6y agoDepends how far back you go. I'm not a historian, but there are obviously local systems of currency; some used gems, feathers, etc. Rai stones were used by islanders as a ledger and store of value. https://en.wikipedia.org/wiki/Rai_stones https://en.wikipedia.org/wiki/Rai_stones