acceptable coinage/ currency/ money

[Steven Schear]

I very much doubt any money system can fix the economic and social
environment within which its embedded. A more effective lever for change is
to make unnecessary as many of the current economic underpinnings
as possible.

One likely approach is the development, to practicality and widespread
application, of APM (Atomically Precise Manufacturing), i.e. nanotech. If
APM can largely eliminate supply chains, especially non-local, and make
communities (or even individuals) practically independent (i.e.
off-ecconomic as well as off-grid) then the economic and social pyramid
could greatly flatten and deny small numbers their privileged positions.

On Fri, Oct 11, 2019, 7:12 AM Zenaan Harkness <zen at freedbms.net> wrote:

> On Fri, Oct 11, 2019 at 12:35:20AM -0300, Punk wrote:
> > On Fri, 11 Oct 2019 14:15:11 +1100
> > Zenaan Harkness <zen at freedbms.net> wrote:
> >
> >
> > > > >
> > > > > Can there be such a thing as an "ethical billionaire"?
> > > >
> > > >   no - there's no way for a single person to earn 'billions' in a
> > > >   free market. It's completely impossible to be filthy rich without
> > > >   being incredibly criminal.
> > >
> > >
> > > So which sort of "digital coins" systems, are ethical to roll out?
> > >
> >
> >       well, no system can fix the prvious/current criminal allocation
> >       of 'property rights'. Something like bitcoin can prevent further
> >       looting through inflation but it can't fix previous looting. And
> >       as seen, bitcoin has introduced its own skewed 'distribution of
> >       wealth'. Not to mention the fact that bitcoin has been
> >       successfully attacked by the american govt and its subsidiary
> >       'coinbase'.
> >
> >       So what sort of digital coin can fix all those problems? I
> >       obviously don't know =)
>
>
> Well that's the question isn't it...
>
> Humans seem prima facie inclined to engage in transactions of
> "currency" (e.g. fiats) or "money" (fiats, gold and silver coin,
> digital coin, etc).
>
> As we recently learnted from Jordan Peterson, hierarchies are rather
> fundamental to our biology, and indicate strongly the pyramidal
> distribution of wealth, status and mating opportunities.
>
> AKA "skewed distribution of wealth".
>
> So, I want to know what JuanCoin looks like - and I (really or 'in
> principle') don't care whether it has any of the following
> properties, except that they satisfy Juan :)
>
>  - inflation/ deflation/ stagflation
>
>  - phys backed/ pure fiat/ combo
>
>  - central-/ pure-decentral-/ combo- mintage
>
>  - use X or Y electrons per unit of JuanCoin minted
>
>  - and any other axis of interest
>
>
> Until we lay out the parameters of acceptable, our pot shots at
> "every attempt thus far" may appear a little thin in reasoning -
> let's rectify that.
>
>
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