How money evolves now on Stacker News.

From the barter economy to metals, from fiat money to #Bitcoin. The most saleable good in a marketplace is what is called money.

Check it out: https://stacker.news/items/556371/r/CarlBMenger

Reply to this note

Please Login to reply.

Discussion

Something I’ve found interesting when digging into the earliest histories of money, is that barter is SO inefficient that it essentially never actually existed as a system, only in very explicit occasions and between different communities or groups who encountered each other for a very specific time, and even then the barter was often limited to the most clearly salable goods of each group like weapons, furs, etc.

The earliest records of exchange and “money” was actually just tallies of debts among people in the same community.