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Warren Mosler, is that you? Seriously, though, I had this exact conversation with him when I first launched Intercoin back in 2018 and reached out about advisi
by EGreg 2y ago
Warren Mosler, is that you?
Seriously, though, I had this exact conversation with him when I first launched Intercoin back in 2018 and reached out about advising us on economics (I had interviewed many economists since then). He said he never saw any currency that was in use that wasn’t accepted for taxes. I asked what about Bitcoin and all those other cryptos.
Actually, money doesn’t require government. It simply requires a network effect, same as language, religion and culture (which also don’t require government force). Money is just the most liquid asset in a specific network. Its value comes from others accepting it for goods and services.
You may want to watch some of my discussions with economists of different schools:
https://www.youtube.com/intercoin https://www.youtube.com/intercoin
Or you might want to read articles like:
https://community.intercoin.app/t/rolling-out-voluntary-basic-income-in-communities/1069 https://community.intercoin.app/t/rolling-out-voluntary-basi...
https://community.intercoin.app/t/local-community-currencies/1067 https://community.intercoin.app/t/local-community-currencies...
- dools 2y ago> I asked what about Bitcoin and all those other cryptos. They're not money, they're a hybrid of commodity and payment system.