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by svs 3745 days ago
Yes and at some point you need a token of value. Imagine the plight of the itinerant tradesman as he herds his chickens through the forest from village to village simply so he can trade.

No no, food is far too cumbersome to be a token of value. Much better to slip a tiny token into ones waistband and exchange it in the markets. Gold was an exceedingly good token of value.

Diamonds are not currency because they are not easily divisible. But they have been a store of value for centuries now, and that makes them money.

1 comments

> food is far too cumbersome to be a token of value. Much better to slip a tiny token into ones waistband and exchange it in the markets.

Or massive stones? https://en.wikipedia.org/wiki/Rai_stones

http://www.npr.org/sections/money/2011/02/15/131934618/the-i...