Lastly, money and sustainability do not go
together. It is either one or the other. Perhaps a free, fixed volume currency can work,
but it opens the opportunity to corrupt the
system, becoming our weakest link of trade.
Money disconnects our association from
people, not respect it. I believe every civilization before us has failed because of the
political dogma and monetary foundation
owning creativity, not leveraging it.
or provide the development of a different
price mechanism to take hold if there was
no more money created. This eventually
leads to …
It has taken a long time to get here on
such a global scale. Doing it again will
be easier the next time if we still value
quantity over quality.
Any currency has to be human-centric,
based on offering status by creating in
the most sustainable way possible.
I am going to comment on a few things
in this article, and then come up with my
argument for why a gifting economy is
feasible, scalable, and, I believe, inevitable.
Banglapesa
In essence, what was created was simply
the increase in volume of money available
to people, which allowed them to buy
more things, which means less waste. So,
despite the technical details of the currency
itself, in the context of how it was delivered
I do not see much difference than a bank
increasing the money supply. The significant difference is it can’t be taken away
by anyone, and yes, it can stabilize pricing,
but then how do people compare their
respective creations? They have based it on
the shilling, which doesn’t change much,
Bitcoin and Other CrCs
As centralised as it becomes because of
the higher work needed to validate transactions, there is no incentive to jump ship,
because taking money out of the system
limits exchange, and the engine that runs
validating transactions becomes virtually
maintenance-free. Even the energy to run
it can be on solar or whatever which makes
it free to run the server.
So, let’s say the world begins using one
currency (BTC) that costs as much as the
person who owns and runs the best server to
live how they want. Let’s say that’s me. What
on earth would be my gain if I take money
out of the system and have you struggling
for prices, especially since there is a limit,
and I have a hoard of BTC to spend? I am
going to look pretty stupid, and be ostracised, because even if prices fall for your