3 ms·
The real history. A Play By Brandon Wirtz: Nearly 20,000 years ago a man said said, "we have to stop trading seashells, they are to plentiful, people just go g
by drakaal 13y ago
The real history. A Play By Brandon Wirtz:
Nearly 20,000 years ago a man said said, "we have to stop trading seashells, they are to plentiful, people just go get more of them, and they break"
"Fine what do you propose we use?"
"Have you seen this shiny yellow stuff? You can form it with heat and it stays shiny forever."
"That Gold stuff? yeah It is pretty. I like Pretty things. But there isn't that much of it, and it is hard to find."
"Yes, that way we can control how much of it there is, so it will have value. No one will be able to just wander down to the ocean and pick up more. And we'll make different sizes of it so that we know how much each is worth"
This is why we use Gold. Because it was the first metal we could work with, it is scarce enough, and requires enough skill that only certain people (usually a government) can issue coins of it. You can still trade the raw stuff, but to fewer people and with out the trust of the minter you get a lower price for it.