sumerians denoted everything in silver shekels but trade was done will all manner of commodities, including barley grains. your theory of money sounds like it comes from the Adam Smith cult.
Are barley grains a currency? I’m not understanding your argument here. In a practical sense, cryptocurrencies are far too volatile to use as a currency and the “stable” coins are tied to things like the US dollar. Well, I should say allegedly tied because “stable” coins like tether haven’t been audited to actually prove it’s tied to the underlying.
sumerians denoted everything in silver shekels but trade was done will all manner of commodities, including barley grains. your theory of money sounds like it comes from the Adam Smith cult.
Are barley grains a currency? I’m not understanding your argument here. In a practical sense, cryptocurrencies are far too volatile to use as a currency and the “stable” coins are tied to things like the US dollar. Well, I should say allegedly tied because “stable” coins like tether haven’t been audited to actually prove it’s tied to the underlying.
barley grains have been used as currency, yes.
Are they a currency now? Why or why not?
I am not in touch with every living culture but my guess is that they are not. at least, I don’t know of any current cultures using barley grains.
people use all kinds of things as money. none of it is fake, except counterfeits, but even they have found use as currency.
That’s like saying stocks are currency because you can trade them for money.
no, it’s not.
People have paid for things with stocks before, as a currency.
oh nice. then yea. it’s money.