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Shelling Out: The Origins of Money




Abstract:

The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects. By Nick Szabo.


LINK TO ORIGINAL SOURCE (NAKAMOTO INSTITUTE)