pull down to refresh

72 sats \ 1 reply \ @denlillaapan 26 Jun \ parent \ on: "Money Did Not Come From Barter - It Came From Blood Feuds" allegedly. discuss. bitcoin
Sounds like a version of Graeber's Debt: The First 5,000 Years.
What I found nice here,
mean that money was invented to measure blood debt. It's just as plausible that it arose as a form of economic debt.
is that blood debt is a market good like any other (well, service I guess). So as you observe, it boils down to what's a marker, and what constitutes economic trade.
Pretty unpersuasive to me; looks very barter/MoE-y even if its first use was to codify blood feud reparations
write
preview
63 sats \ 0 replies \ @Undisciplined 26 Jun
I had a similar impression. "Market" is being used way too restrictively. The description here is still people exchanging goods with each other to reach a desired end. That's clearly a market to me.
More broadly, we're not ever going to know what the first use of money was, for a whole bunch of reasons, but it's not implausible to me that there have been many instances of people making symbolic exchanges with each other and for a wide variety of reasons.
reply