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Oxen, cauldrons and spits: money without coins #Shorts
Two men face each other in the middle of a battle and, before fighting, they recite their genealogies. Sixty verses later they step down from their chariots, clasp hands, and do not fight.
Homer tells it in the Iliad, around the eighth century before Christ. Glaucus takes sixty verses to answer — his father, his father’s father, and what each one did — and suddenly Diomedes recognises a name: his grandfather once hosted that man for twenty days, and on parting they exchanged gifts, a belt and a cup of gold. Their grandfathers hosted one another, and that binds the grandsons. A debt of two generations that nobody ever wrote down.
Because nothing here is written. What a man owes, and to whom, lives in the memory of his people. That is why it takes sixty verses to say who you are.
This is a society that knows perfectly well what things are worth and still has no prices. When the two warriors exchange their armour, Homer recites its worth: the bronze one, nine oxen; the gold one, a hundred. The value was known, and the exchange was unequal anyway. It was not a price. It was an obligation.
The ox is the unit the value is counted in, and a cauldron is worth an ox. But nobody pays with oxen, because they cannot be divided. For what is precious, cauldrons, which are stored and inherited. For what is ordinary, iron bars: meat spits over a metre long. The excavated hoards — one beneath the sanctuary of Hera, above the plain of Argos — say they were exchanged in handfuls of six. That handful was called a drachma, from the Greek word for to grasp; and the spit, an obol, its sixth part. That they circulated outside the sanctuaries is not proven, and the video says so.
None of the three works as money on its own: the ox counts, the cauldron stores, the spit exchanges. And all three have something in common. Nothing is weighed: it is counted. There is the cost of counting instead of weighing, and it is what the chapter is about: one ox is not identical to another, so somebody has to agree which one counts. The scale needs no agreement at all. Only the spits are identical.
With all this behind them the Greeks arrive at coinage. They do not invent it, but nobody adopts it as they do: the city’s coin enters every deal and takes from the man who shares out the meat the right to decide your portion. Here ends everything that was money before coinage.
Series “The History of Money” — chapter 10.
▶ The full series: https://www.youtube.com/playlist?list=PLLBHOsJv-zZU
TOPICS
– Glaucus and Diomedes in the Iliad: the recited genealogy as the only proof of who you are
– Xenia, inherited guest-friendship: an obligation two generations deep that nobody wrote down
– A society without writing: what is owed, and to whom, lives in the memory of your people
– The armour exchange, nine oxen for a hundred: the value is known and still it is not a price
– The ox as unit of account, and why nobody pays with one: it cannot be divided
– The cauldron, stored and inherited; the iron spit over a metre long, which changes hands
– The hoard beneath the sanctuary of Hera above the plain of Argos, and the handfuls of six
– Where the words drachma — “to grasp” — and obol, the sixth part of the handful, come from
– That the spits circulated as money outside the sanctuaries is NOT proven
– A Greece with no king holding power, no palace, nobody collecting taxes and no market
– The sanctuary as the one thing that brings these people together: an ox killed, roasted, shared by rank
– Counting instead of weighing: one ox is not identical to another and somebody must agree which counts
– The scale needs no agreement at all, which is why the identical spit is the missing piece
IMAGE CREDITS
Map card: coastline and marine areas from Natural Earth, and ETOPO 2022 relief (NOAA),
both public domain and carrying no attribution obligation; the credit is included anyway.
This video contains NO third-party photographs and no third-party footage: all the visual
material is original and was made for My Best Wealth.
⚠️ EDUCATIONAL CONTENT — NOT FINANCIAL ADVICE
This video is for educational and informational purposes only. It is not financial,
investment, tax or legal advice, nor a recommendation to buy or sell any asset. Past
performance does not guarantee future results. Make your own decisions and, if you need
it, consult a licensed professional.
#Shorts #historyofmoney #Greece #Homer #money
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Financial Gravity Keeps Most People Broke
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Lindsey CALLS Them Out!! Caleb Hammer realbrandoncavazos #fyp #calebhammer #financialaudit #money
Lindsey CALLS Them Out!! Caleb Hammer realbrandoncavazos #fyp #calebhammer #financialaudit #money #finance
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NEVER SEEN BEFORE RIPPLE CTO CLIP! (”HUNDREDS OF BILLIONS COMING TO XRP??”)
Learn how the XRP Ledger plans to integrate real world assets and what the latest market shifts mean for your portfolio.
David Schwartz breaks down the roadmap for bringing massive liquidity to the XRP Ledger through tokenized RWAs. This update provides clarity on how institutional adoption might impact the ecosystem and compares these developments against the current volatility seen in Solana meme coins.
I also cover key insights from the recent CoinDesk APEX 2025 panel to help provide a clearer picture of where the broader crypto market is heading this year.
0:00 Real-World Assets on the XRP Ledger
0:47 XRP Ledger’s Competitive Advantages
2:14 The Critical Role of Auditability
3:58 Unlocking Hundreds of Billions in Value
6:45 Reflecting on a Decade of Development
8:33 Building Financial Services for Everyone
9:41 EVM Compatibility and Future Growth
11:03 Charles Hoskinson and David Schwarz Collaborate
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Michael Saylor: Why Bitcoin Is Extremely Cheap Right Now
Everyone’s scared of Bitcoin right now. Michael Saylor thinks that’s exactly why it’s the opportunity of a lifetime. In this clip he explains why the current price is a gift, why he’s never once doubted his thesis, and why he measures Bitcoin in decades, not days.
This is a clip from our full conversation with Michael Saylor. Watch the complete episode and subscribe here: https://www.youtube.com/@NewEraFinancePodcast?sub_confirmation=1
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This content is for informational purposes only and is not financial, legal, or tax advice. The opinions expressed are those of the speakers, who are not licensed financial advisors. Trading crypto carries significant risk of loss.
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Financial Condition These Days #relateable #comedy #funny #shorts
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XRP NEWS TODAY! THE SEC IS DOING THE UNTHINKABLE! TRUMP BUYING MORE CRYPTO?!
#xrp #bitcoin #cryptonews #news #investing #money
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Bill Gates’ 6 Money Rules That Can Change Your Financial Life! | Wealth Mindset
Bill Gates’ 6 Money Rules That Can Change Your Financial Life! | Wealth Mindset
Want to manage your money smarter and build wealth?
This video shares 6 powerful money lessons inspired by Bill Gates that can help you develop better financial habits and a stronger money mindset.
From avoiding unnecessary spending and using credit carefully to saving before spending and investing wisely, these simple principles can help you think differently about money.
🔥 The 6 lessons covered:
1️⃣ Avoid unnecessary expenses
2️⃣ Pay for essential services first
3️⃣ Avoid unnecessary debt
4️⃣ Save before spending
5️⃣ Give value to every rupee you earn
6️⃣ Start investing early
👉 Watch until the end and choose one money habit you can start today!
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⚠️ This video is for educational and motivational purposes only and should not be considered personal financial advice.
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I RANK 60 CRYPTOS FOR 2029 – ONLY 22 SURVIVE! (CASHCAT, TAO, KASPA, XRP, ICP, MONAD)
I RANK 60 CRYPTOS FOR 2029 – ONLY 22 SURVIVE! (CASHCAT, TAO, KASPA, XRP, ICP, MONAD, ALGORAND) #crypto #bitcoin #layer1
In this video I rank Bitcoin, Ethereum, BNB, Sui, ICP, XRP, Venice, Kaspa, Tron, Cardano, Zebec , Pepe, Doge, Polkadot, Shiba Inu, Monad, Aptos, Pudgy Penguins, SPX6900, Official Trump,, Peaq Network, Algorand, Artificial Superintelligence alliance, Brett, Toshi, Popcat, Cashcat, Ansem, Akash, Memecoire, Hex, Pulsechain, Litecoin, Bittensor, Floki, Canton, Pumpfun, Troll Useless, Fartcoin, Bonk, Jasmy, Neet, Wif, Render, Zcash,, solana, onyxcoin, Near protocol, Pax, Altszn, Altseason
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BJP News: ‘Pressing Financial Issues…’ Shehzad Poonawalla Resigns From BJP For This Shocking Cause
Shehzad Poonawala Resignation News: ‘Pressing Financial Issues’ Shehzad Poonawalla Quits BJP For This Reason
Shehzad Poonawalla again submits BJP resignation after earlier exit request rejected. Poonawalla asks Nitin Nabin to finally accept his resignation. He seeks release from national spokesperson role and primary membership. Pressing financial and personal circumstances cited as core reason. Poonawalla says he will now move into the private sector. Recent events involving ‘certain individuals’ strengthened his resolve to quit. Poonawalla bids a ‘warm goodbye’ to the party he loves. He insists departure carries no hurt, only gratitude toward BJP. Poonawalla thanks Modi, Shah, Nabin and senior BJP leadership. He credits BJP for empowering a non-dynast Pasmanda Muslim voice. Poonawalla says he leaves organisation, not people or ideology. He vows continued support for Modi’s Viksit Bharat vision.
#shehzadpoonawala #bjpnews #bjp #shehzadpoonawalla
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How to Take Control of Your Money! | Ep. 1 | The Best of The Ramsey Show
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