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RE: What Is Financial Value?

in #economics7 years ago

I've actually read some different views on this historical change from Matt Ridley (Origin's of Virtue, I think it was) which argued we have always used money whether it was shells, rocks, tally sticks, etc... Money didn't come out of barter. It was used from the beginning. If that's true, it makes a strong case that money is just a ledger and cryptocurrencies are the best ledger technology ever invented.