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I’d be interested to check those out books out, all economic thought pieces like those have plenty of criticisms from other economists but I’m open to the resea
by vmception 5y ago
I’d be interested to check those out books out, all economic thought pieces like those have plenty of criticisms from other economists but I’m open to the research.
Other people believe in the chronology I presented so I think its a quick way to get the point of a new concept across. I’m open to finding a more accurate way of saying that though, if its just as simple.
The key concept that I want to convey is that AMMs improve on this regardless, mainly due to the stored last price, and the routing between liquidity pools. So the required trust is even lower than what “trust-debt-glue” exists for. The AMMs practically fulfill its purpose.
- littlestymaar 5y agoIt's not about any individual book, there's simply no evidence of mainstream barter use in any know place or era in the world. The “barter before money” is just a fable invented by Adam Smith. Just Google “barter myth” and you'll have plenty of resources if you're interested in that subject. “Barter preceding money” is the economics equivalent of “knights fighting without a helmet” you can see in Hollywood movies.