GelatoEconomist on Nostr: Shell money - commodity money, used worldwide (some places even today like in Papua ...
Shell money - commodity money, used worldwide (some places even today like in Papua New Guinea). Small, portable, durable, neutral, impossible to counterfeit and stable against inflation.
Chinese traditional character 貝 (simplified 贝) bèi depicts probably the most popular type of shell money used in ancient China and worldwide - cowrie shells (Cypraea moneta/Monetaria moneta).
On the other hand, Inuit and Native Americans prefered dentalium shells and used them as an international trade item.
Some places shells were/are fastened together in strings of forty or one-hundred each, so that fifty or twenty strings represented a dollar.
#economics #finance #money #HomoSapiens #ShellMoney #GelatoEconomist #history #trade #world #Bitcoin #cryptocurrency #technology #Internet
Source: https://en.m.wikipedia.org/wiki/Shell_money
https://oceanographicmagazine.com/features/shell-money-papua-new-guinea/
https://en.m.wikipedia.org/wiki/Dentalium_shell
https://www.messynessychic.com/2019/03/18/when-seashells-were-money/
Chinese traditional character 貝 (simplified 贝) bèi depicts probably the most popular type of shell money used in ancient China and worldwide - cowrie shells (Cypraea moneta/Monetaria moneta).
On the other hand, Inuit and Native Americans prefered dentalium shells and used them as an international trade item.
Some places shells were/are fastened together in strings of forty or one-hundred each, so that fifty or twenty strings represented a dollar.
#economics #finance #money #HomoSapiens #ShellMoney #GelatoEconomist #history #trade #world #Bitcoin #cryptocurrency #technology #Internet
Source: https://en.m.wikipedia.org/wiki/Shell_money
https://oceanographicmagazine.com/features/shell-money-papua-new-guinea/
https://en.m.wikipedia.org/wiki/Dentalium_shell
https://www.messynessychic.com/2019/03/18/when-seashells-were-money/