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Money’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
by jchanimal 8y ago
Money’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.