“Large scale handicraft production and other specialized labor in the palace and temples needed forward planning and resource allocation. That required account-keeping, which in turn requires volumetric measures for crops and the distribution of raw materials obtained in foreign trade. What today is thought of as a monetary system became the organizing principle to denominate credit and exchange during the crop year, and to pay debts and other obligations at harvest time.”

-Temples of Enterprise, Michael Hudson

#Bitcoin is a new way to solve age old problems.