Re:The blockchain paradox: Why DLTs may do little to transfo...
by TremendousJudge on Wednesday June 14, 2017 @01:27PM
(#14554327)
>Some kinds of money surely existed before anything recognizable as a "state"
I wouldn't be so sure. As far as I know, current academic consensus is that in primitive societies, where everyone knows everyone, it comes down to a system of favors and everyones natural sense of what's "fair". These are relatively small groups of people, so there's a lot of trust involved. No need for any sort of currency there
That said, we'd need to agree on definitions of "state" here. Some kinds of money surely existed before anything recognizable as a "state", but then again, such notions of money are likely as meaningless as this kind of unrecognizable state.