• NaibofTabr@infosec.pub
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    8 months ago

    bartering works primarily off credit

    How is this “credit” not just a form of currency? Isn’t it just a stand-in for the value of your cows that you want to trade?

    Doing so inherently creates a high-trust society.

    High trust maybe, but extremely localized. It requires that a person who wants to trade knows the reputation - the credit rating - of every other person they might trade with. This model of trade can’t scale.