3 ms·
"Economy" doesn't necessarily mean "monetization" -- there are lots of parallel and competing economies that exist, and that we actively engage in (reputation,
by zeroxfe 8mo ago
"Economy" doesn't necessarily mean "monetization" -- there are lots of parallel and competing economies that exist, and that we actively engage in (reputation, energy, time, goodwill, etc.)
Money turns out to be the most fungible of these, since it can be (more or less) traded for the others.
Right now, there are a bunch of economies being bootstrapped, and the bots will eventually figure out that they need some kind of fungibility. And it's quite possible that they'll find cryptocurrencies as the path of least resistance.
- cheesecompiler 8mo agoI’m not sure you’re disproving my point. Why is a currency needed at all? Why is fungibility necessary
- zeroxfe 8mo agoI wasn't trying to disprove your point -- just calling out that the scope of "economy" is broader than "monetization". > Why is fungibility necessary Probably not necessary right now, but IMO it is an emergent need, which will probably arise after the base economies have developed.
- cheesecompiler 8mo agoI know you weren’t. I’m saying you’re claiming a currency is inevitable on some level. And I don’t understand why.
- kortilla 8mo agoResource allocation without it is not a solved problem