DefiantDandelion on Nostr: Originally, The first “medium of exchange” was trust between humans. The ...
Originally,
The first “medium of exchange” was trust between humans.
The “double coincidence of wants” was solved because you lived and worked together to acquire the things you both wanted.
The “unit of account” was your gratitude and feeling of indebtedness you felt to your close relationships.
The “store of value”, was your culture and knowledge.
The “inflation” was the rate of decomposition
The first “medium of exchange” was trust between humans.
The “double coincidence of wants” was solved because you lived and worked together to acquire the things you both wanted.
The “unit of account” was your gratitude and feeling of indebtedness you felt to your close relationships.
The “store of value”, was your culture and knowledge.
The “inflation” was the rate of decomposition