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Client Challenge

JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. from Finance – Techyrack Hub https://ift.tt/mpugq2e via IFTTT
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Debt: Bitcoin Is Not A Return To Stateless Money, It Is the First

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I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods and services directly for each other, and money naturally arising as a result of the problems inherent in this. Graeber eviscerates this narrative looking at anthropological history. Primitive communities simply shared their resources freely with each other, living in a communal lifestyle, with bartering rarely taking place, and only in the context of separate communities interacting with each other. It played no role in early societies’ intra-communal affairs. Money, as in commodity money, only began to be used in rare inter-communal interactions across great distances. The economy in local regions did not begin using such mechanisms fo...
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