₿itcoin ₿ombadil on Nostr: “Large scale handicraft production and other specialized labor in the palace and ...
“Large scale handicraft production and other specialized labor in the palace and temples needed forward planning and resource allocation. That required account-keeping, which in turn requires volumetric measures for crops and the distribution of raw materials obtained in foreign trade. What today is thought of as a monetary system became the organizing principle to denominate credit and exchange during the crop year, and to pay debts and other obligations at harvest time.”
-Temples of Enterprise, Michael Hudson
#Bitcoin is a new way to solve age old problems.
Published at
2024-06-26 19:18:57Event JSON
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"content": "“Large scale handicraft production and other specialized labor in the palace and temples needed forward planning and resource allocation. That required account-keeping, which in turn requires volumetric measures for crops and the distribution of raw materials obtained in foreign trade. What today is thought of as a monetary system became the organizing principle to denominate credit and exchange during the crop year, and to pay debts and other obligations at harvest time.”\n\n-Temples of Enterprise, Michael Hudson\n\n#Bitcoin is a new way to solve age old problems.",
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