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Reason: None provided.

I saw it, but as many other experiments of that kind (Third Reich, Paraguay, etc.), they does not break out to anywhere and were cut down or just fade silently.

It is a sign that something is wrong with concept. If we imagine that some decent type of money was invented, without aforementioned problems, then that money had to uncontrollably spread out of experiment location all over the world ignoring borders, laws and other stuff.

As I said, some kind of such success was observed only with bitcoin. But bitcoin, as any crypto have many other problems, so it is also not what we need.

As for barter - it is not that simple, because current money is basically barter too, but we exchange our goods and efforts not to some useful things, but to sheets of paper or digits in bank computer. It is a barter for some unneeded and controllable fake shit, but disguised with some propaganda from state.

Minimum conditions that have to be met to make the currency successfull, I suppose are following:

  • No any authority who could control the currency.
  • Ease of use for exchange
  • Usefulness of currency itself as some needed thing
  • Inability to play with value of currency

For now, I can't think out nothing other than some kind of "energy money" where a unit of energy represent a unit of currency. If you have a tiny battery with 1 kWh of energy, then no authority could play with its value, it is easy to use for exchange, it could be used directly by owner, and so on.

I'm shure there should be other things and concepts of that kind, and it is very interesting thing to explore. May be some of concepts even could be perfectly implementable with current level of tech.

2 years ago
1 score
Reason: Original

I saw it, but as many other experiments of that kind (Third Reich, Paraguay, etc.), they does not break out to anywhere and were cut down or just fade silently.

It is a sign that something is wrong with concept. If we imagine that some decent type of money was invented, without aforementioned problems, then that money had to uncontrollably spread out of experiment location all over the world ignoring borders, laws and other stuff.

As I said, some kind of such success was observed only with bitcoin. But bitcoin, as any crypto have many other problems, so it is also not what we need.

Minimum conditions that have to be met to make the currency successfull, I suppose are following:

  • No any authority who could control the currency.
  • Ease of use for exchange
  • Usefulness of currency itself as some needed thing
  • Inability to play with value of currency

For now, I can't think out nothing other than some kind of "energy money" where a unit of energy represent a unit of currency. If you have a tiny battery with 1 kWh of energy, then no authority could play with its value, it is easy to use for exchange, it could be used directly by owner, and so on.

I'm shure there should be other things and concepts of that kind, and it is very interesting thing to explore. May be some of concepts even could be perfectly implementable with current level of tech.

2 years ago
1 score