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Glad you enjoyed it! I'm convinced we've just taken the industrial age economic and banking system and copied it into the digital age, but we haven't accounted
by bergstromm466 6y ago
Glad you enjoyed it!
I'm convinced we've just taken the industrial age economic and banking system and copied it into the digital age, but we haven't accounted for the near-zero marginal cost of information creation, storage and transmission. So the actual scarcity vs. the artificial scarcity of things is off.
I think we can get there by valuing knowledge differently: subsidizing the cost of knowledge production and distribution - all costs from the start - so that it doesn't need a business model once produced. I think that's the key. To read more on this phenomenon I enjoy Yochai Benkler, who came up with the term 'Commons based peer production'. Some examples include Linux, Github, Open Source Ecology, Precious Plastic, Wikipedia, Sensorica, Valueflows (Holo-REA) and Holochain.
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"Money is just information, a way we measure what we trade, nothing of value in itself." [1] [2]
I am closely following the work of Arthur Brock and Eric Harris-Braun of the MetaCurrency Project. They've been working on digital age wealth acknowledgement systems (protocol cooperativism) for over a decade: https://medium.com/holochain/beyond-blockchain-simple-scalable-cryptocurrencies-1eb7aebac6ae https://medium.com/holochain/beyond-blockchain-simple-scalab...
[1] https://www.youtube.com/watch?v=TwmM5Nb6hiE https://www.youtube.com/watch?v=TwmM5Nb6hiE
[2] http://eric.harris-braun.com/blog/2007/05/14/id-53 http://eric.harris-braun.com/blog/2007/05/14/id-53, http://eric.harris-braun.com/blog/2007/11/05/id-55 http://eric.harris-braun.com/blog/2007/11/05/id-55 (if down, you can get an archived copy on Archive.org)