ea on Nostr: Bitcoin Headline, If the development of money began in early human societies based ...

Bitcoin Headline (npub1dgm…lhuw), If the development of money began in early human societies based upon perceived value and exchange, then, one of the earliest forms began with the barter system. The barter system was designed as a form of exchange i.e. value for value exchange. Variations of this could be seen in economies of gifting. For example the author of Sacred Economics and The Most Beautiful World Our Hearts Know is Possible highlights a few use cases and a compelling argument for such an exchange even in modern day society. As human civilization became more complex due to travel and trade, the invention of the written language was extended also into an accounting system which was used to not only record transactions but to develop values based upon units. Such units were developed around earth metals such as gold, silver, bronze, copper, and other precious metals to allocate its weight in relation to produced commodities. For example, in ancient Greece, a goat herder could potentially exchange their goat to their neighboring farmer and receive a silver coin. The Greek farmer with the silver coins may have commissioned a metalsmith artisan with their supplied raw material to produce a coin with a plated symbol. In other parts of the world, e.g., ancient China, a traveling goats man may have found traveling with earth metals more convenient than a herd of goats when sourcing for materials, so, they may have even designed the coins to have a hollow square shape in the middle as a way to organize the coins. Fast forward to the year 2024, and the US adds a digital currency, Bitcoin, as a strategic reserve which raises considerations to both sides of the argument as some have expressed ....tbc.