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Aside from your gold bug commentary, I do find your poop example intriguing as it's probably one of the worst examples possible for currency: - literally anyon
by kfarr 6y ago
Aside from your gold bug commentary, I do find your poop example intriguing as it's probably one of the worst examples possible for currency:
- literally anyone can make it
- it is unsanitary and can spread disease
- it is difficult to measure
On the plus side:
- it does represent (some amount of) labor
- cryptica 6y agoI think it would be an amazing currency. - Good alternative to Universal Basic Income since people can produce it themselves directly. - The unsanitary aspect of it will help prevent too large accumulation of it. People will have a stronger incentive to put their money to work instead of hoarding it. - Not difficult to measure since it can be weighed and banks could print paper bills that are backed by it using weight as the units of account. The main downside I can see is that it will encourage people to eat more and demand for laxatives would grow significantly.
- kfarr 6y agoAnd like any fine metal you can polish it! https://www.youtube.com/watch?v=yiJ9fy1qSFI https://www.youtube.com/watch?v=yiJ9fy1qSFI