I think fungibility might be a mistake. I would like to find a way to capture community-specific value. I see currency’s origin as a reward mechanism for pro-so

I think fungibility might be a mistake. I would like to find a way to capture community-specific value. I see currency’s origin as a reward mechanism for pro-social behavior, and today’s socioeconomic system kind of like a tribe that has used rare beads as currency for so long that they are willing to trade Manhattan to an outsider that has provided zero value to the society, in exchange for beads which are, to them, easy to produce and worthless. Bitcoins are hard to produce, and provides a social account for who has what. That’s a huge step, and I think I should have been more impressed with it. It may well be another few hundred years before another monetary revolution of the type I’m interested in. It’s not just a technology problem. I’ve come to accept that greed and exploitation might be a requirement for adoption.