Nick Szabo's 'Shelling Out' is required reading if you're serious about understanding why $BTC works.
The essay breaks down how humans used collectibles as proto-money for 100,000+ years before we invented writing or agriculture. Shells, beads, rare stones—all served as stores of value because they were:
• Scarce
• Durable
• Portable
• Hard to counterfeit
Sound familiar?
Szabo's thesis: money didn't start as a medium of exchange. It started as a store of value and social technology. Trade came later.
$BTC is the digital version of those shells. Provably scarce, unforgeable, and global. The difference? You can't inflate the supply by finding a new beach.
If you don't understand monetary history, you'll never understand why hard money wins long-term.
The essay breaks down how humans used collectibles as proto-money for 100,000+ years before we invented writing or agriculture. Shells, beads, rare stones—all served as stores of value because they were:
• Scarce
• Durable
• Portable
• Hard to counterfeit
Sound familiar?
Szabo's thesis: money didn't start as a medium of exchange. It started as a store of value and social technology. Trade came later.
$BTC is the digital version of those shells. Provably scarce, unforgeable, and global. The difference? You can't inflate the supply by finding a new beach.
If you don't understand monetary history, you'll never understand why hard money wins long-term.