2014-03-30 23:26 GMT+02:00 Bryan Bishop <[1]kanzure@gmail.com>:

   because it quantifies explicitly the role individuals have in
   collective economic activity, and thereby gives a method for explicitly
   holding persons proportionally responsible (in both credit and blame)
   for their contributions to that activity.

   This sort of mechanism is explicit with the corporate structure. The
   suggestion that "Payout% = responsibility%" is highly simplified
   compared to the current real-world complexity. Not to mention that
   usually payout means everything is A-Okay.

   But I think that's a much more radical proposal than the one I've
   offered for Strangecoin, and I should probably only be defending that
   here. =)

   Yeah. Because I really don't see the interesting properties emerge from
   Strangecoin as described. Bitcoin has this issue where people think
   it's things it's not. In money human perception is vital. Yet
   (economic) reality eventually persists trough any veil of beauty.
   Strangecoin seems to have nothing but very a-typical properties.
   Afterwards you seem to describe some properties you'd really like to
   see. I cannot judge how well you achieved them.
   Even when you've modeled a good ideal-world, there's still the journey
   there. With Bitcoin the journey is pretty solid (we're seeing it). The
   final situation is a subject of much speculation. I suspect Satoshi
   just checked his own value in the final situation and decided "Awh,
   what the hell", given it can't go wrong.
   So, does Bitcoin have any desirable (inherent) property except that
   it'll spread? Maybe, but it would only be that of cold-hearted
   economics. The kind humans are exceedingly bad at. Human Failure, much
   more than economic failure, causes current situations.
   Human Failure is encouraged by soft-economics, as it reduces the
   penalty for failure. Things like picking the wrong bank, not spreading
   risks, etc. There's no course in primary school for evading Human
   Failure in this aspect, even though it's the very core of humanity's
   current existence. Any speculation as to why?
   Either way, no currency alone will solve Human Failure. Even if
   Strangecoin would have very nice properties there will be
   misunderstanding of it, and it will be applied wrongly in nearly every
   situation. It will fail less than it should, because the "brick wall"
   that should be hit will also have the same misconceptions about
   finance.

References

   1. mailto:kanzure@gmail.com