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Money seems like an extremely good coordination mechanism to me. Name something that can perform the purpose of money that is not more coercive and less efficie
by wycs 8y ago
Money seems like an extremely good coordination mechanism to me. Name something that can perform the purpose of money that is not more coercive and less efficient than money.
- jchanimal 8y agoMoney’s problem is its commodity nature. It obscures the supply chain and puts unjust gains on the same footing as useful work. A replacement would make supply chains transparent and make relationships and reputation primary. I have a pet project along these lines but I’d like to hear other ideas: https://www.wired.com/2014/07/document-coin https://www.wired.com/2014/07/document-coin
- nine_k 8y agoI wonder how do you separate "unjust gains" from "just". Criminal proceeds can be detected and reverted by criminal courts.
- jchanimal 8y agoIf you don’t convert value to a commodity form, but instead trade in representations of the original work, then just and unjust can be in the eye of the beholder. With commodity currency, distant parties never have a chance to know.
- deleted 8y ago[deleted]