Senate House Library Website: senatehouselibrary.ac.uk/ 4 eighteenth century tally sticks Nick Barratt | Associate Director of Collections and Engagement Follow us on Twitter: @senatehouselib
The workings are different for each application. Its a sort of pen and paper that you can copy so to speak which makes it valuable as proof of an agreement such as having paid taxes. You take a prepared stick and cut markings into it. The markings obviously need to correspond to a system so that they can be read back such as how big the gouge is. Afterwards the wood is split along the markings so that you have two pieces of the stick with the same markings. Text was also often included to easier identify them. Lastly a more complex version that is being shown here has the addition of not splitting the sticks fully so that one is longer than the other and works as the more important one. Here is another video that talks a bit more about them: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2DkyahZplFo.html
It was a simple wooden stick with line down the center and was used for business transaction.A notch was made on the stick to record each transaction. When deal was completed, the stick was divided into two and each partner in the received half as a receipt. I hope you got your answer.
@@majidiqbalkhan6232 yeah I mean, that's basically what one imagines. But it's really incredible that the presenter in this video failed to establish this fact and show it in detail, since the mechanism by which they work is such an important part of it: the fact that you create the notches before the split, and then each half records each notch equally.
@@majidiqbalkhan6232 And due to the grain of the wood, the matching split shape and the matching notches they could not be forged or unilaterally altered.
To answer a question: apparently the tally system was used across Europe at one time. Yes, bankers would consider them competition. YOU could use a similar system with neighbors and friends if the lot of you wanted to opt out of the coming CBDC tyranny. The stick pieces. can't be counterfeited. Maybe inconvenient, but given a high-trust Folk community, a very good way to assure that money is based upon labor, not fiat, privilege, or having to acquire a large stash of prescious metals. Tally Stick Money. Remember this.
The real question is, during their nearly 700 years of usage as currency, were these issued to represent promises to pay without the redundant cost of interest imposed. If they were not, could that be the real reason they were burnt..to hide the seven century long, monumentally successful experiment in interest-free currency #PfMPE
There was a tremendous benefit to these things that was lacking in paper receipts. They were secure. You couldn't forge them. And neither could the Exchequer. A bit of paper looks like any other bit of paper. But a piece of wood was unique. It had a grain pattern like no other. So your half of the tally stick was impossible to duplicate and impossible to change (as long as you kept it in your possession). The tally stick was the blockchain of the day.
