• @[email protected]
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    fedilink
    26 months ago

    Think the point is that alternative strategies were in play when the biggest, most overwhelming cities in the world were maybe 100k people, the world population was 1% of what it was today, and economic activity was relatively limited in what sorts of goods and services were for trade.

    Currency came about because as the indirect bartering relationships became overly complex and the number of participants exploded.

    Though the currency situation did set up a sort of ‘meta’ of gaming the numbers for sake of the numbers themselves, which grew out of control until breaking the gold standard. Of course it’s still out of control, but what we see is nothing compared to the instability of a gold standard currency trying to tackle current day human activity.

    • Semi-Hemi-Lemmygod
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      16 months ago

      IIRC it had a lot more to do with exerting central control on trade. That’s why going back to their invention coins had pictures of rulers on them.