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RE: Notes on Token Design Philosophy

in #cryptocurrency7 years ago (edited)

Check this out in support of UBI:

http://annavonreitz.com/commonwealth.pdf

As for the whole debacle of commodities, electronic or otherwise, yes the very first point is wholly in line with the idea of Currency (see the article on www.bibocurrency.com called Commodity or Currency) but all other points are counter to Currency and describe the same mechanism by which our current "fiat" or even "resource/commodity"(oil/gold) backed currencies are leveraged against us by Suppliers, though they are painted as "gamifying" but in actually they will always be simply Hoarding/Hedging/Betting/ and ultimately controlling the Unit Creation as is and as has been for all such systems.

I think that by understanding the functions which a Currency is tasked with accomplishing and how they cannot be accomplished by Value itself we will avail ourselves of much of the confusion regarding these matters, most specifically realizing that all we have done our entire life was to barter one commodity for another, and maybe we can look back in time when Currency existed (tally sticks, knots) and examine the implications of those systems and why we have moved away from that!

http://annavonreitz.com/shemitah.pdf a couple articles before the one above it, also thought you might find interesting!

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Thanks for the links! I might sleep over the shemitah stuff though lol (not big on numerological stuff). And for what it's worth, I think currencies are not what we think they are (or what the ancients think) and it's still being defined by emerging coins and use-cases. There was an interesting write by @itchykitten (The Myth of Barter) which I thought was interesting as well.

Thanks again, gonna read them tonight :)

Undoubtedly that post is by far excellent but he hadn't delved into actual currencies only barter, fascinating indeed even so since the concepts at the heart of it are very important, as they have always been.

The shemitah is similarly important because of the concepts, I read a post about a currency that would reset all account balances to an equal distribution ever so often, granted the thought would infuriate most who are stuck on "the myth of barter" it's quite valid from the point that such token would provide a UBI if everyone would adapt it, and all profits and losses would be shared by everyone, but then again the point of Free Unit Creation which all Currencies need to actually be a Currency would still make it only a community commodity.

Here's the link about Currency or Commodity which is why I was saying that "all we've done is barter one commodity for another", because interestingly if you follow the inception of Money after the tally sticks you'll come to say "criminal motive for the suppliers, Check and complete total control over Trade, Check!"

http://bibocurrency.com/index.php/downloads-2/19-english-root/learn/196-money-commodity-or-measure

I'm gonna leave it at that for now, don't want to bombard you with information :D

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