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A version of those huge stone coins found in some cultures. The "owner" of the coin is in name only, it can't really be moved. Value is stored via the knowledge
by xenadu02 2y ago
A version of those huge stone coins found in some cultures. The "owner" of the coin is in name only, it can't really be moved. Value is stored via the knowledge of how many exist and who owns them.
For China's ghost cities: Each empty apartment has a unique address and an owner so I guess that counts as a byzantine form of currency too. Maybe the BOC could print "empty apartment" bank notes where it maintains the empty apartment on your behalf but you can trade the note in for the deed to the apartment.
What about stock shares.... eh let's not go there :)
- AndrewKemendo 2y agoThe yapese Rai stones - A big part of mariana culture That is a brilliant reference and I think good way to think about modern financial vehicles - namely that our species is still into necromancing our totems in order to give a dead object anthropomorphic spirits What silly creatures we are
- chii 2y agoIt's because all of this is just a way to physically represent trust. Having an object to direct the trust at, such that strangers can both agree is useful.