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Monday, September 15, 2025

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Home
Cryptocurrency
- Bitcoin
- Ethereum
- XRP
- Litecoin
- Altcoin
- Cardano
- Tether
- DOGE
- Solano
- XLM
- DOT
- XDC
- SHIBA
- BNB
- Ape
- HBAR
- QNT
Blockchain
Regulation
Market
Live
- Prices
- ICO
Meta
- NFT
Technical Analysis
- XRP
- BTC
- XLM
- ADA
- TETHER
- ETC
- ETH
- DOGE
- LTC
Exchange
Mining

No Result

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View All Result

Ledger Nano X - The secure hardware wallet

Aligning Social and Financial Capital to Create Better Money

2 December 2021

in Market

Reading Time: 1 mins read

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A common story we are told is that money arises from the insufficiency of barter. Known as the “double coincidence of wants” problem, it is said barter was too limiting and a more flexible medium of exchange was needed. According to anthropologist David Graeber in his book, “Debt: The First 5000 Years,” this story is not true. To summarize his findings in ancient societies, what was found as “money” was delayed barter. For example, I don’t need item A now but I may need it in the future. I will give you item B and ask for A when I need it. This was the first creation of credit.

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