Re:A Victoria man has gone two decades without money
by imtringued on Sunday July 25, 2021 @01:30PM
(#27951109)
Yes, money is just a token to keep track of your balance sheet intuitively. Given a secure enough institution we could do it entirely on paper.
Re:A Victoria man has gone two decades without money
by bruiseralmighty on Monday July 26, 2021 @01:27PM
(#27962272)
This is one of the fundamental principles behind Satoshi's white-paper and all of crypto currency.
That’s one theory, and it’s not even the one Graeber preferred. According to him (and supporting evidence) money originated as a way to “keep score” of debts.
The question of the origin of money is an interesting one, but that will be probably be unsolvable, since some of the alternative theories (like barter) would leave little to no evidence.