Oddbean new post about | logout
▲ ▼
Silner | 3 months ago (raw) | root | parent | reply | flag +2 
 You mean a large community I's warrant. I can think of several small communities, from kibbutzim, through amish villages and on to scientific communities in antarctica.

I can't think of any larger groups though.
▲ ▼
Brunswick | 3 months ago (raw) | root | parent | reply | flag 
 You think accounting doesen't happen in kibbutzs or amish communities? Whether its done with fiduciary media or good-will, its still a form of money involved in exchanges.
▲ ▼
Silner | 3 months ago (raw) | root | parent | reply | flag 
 Well now we're getting philosophical and that's my favourite place, so I'm wondering, if the most successful blockchain in the future measures people's  hourly workrate value, would you call that a currency?

I'm imagining this currency could be built in a way where the only capital was the hours banked. So there would be no rich people, only people who were in demand at that moment.

I think I might like that world, because a hard working plumber would be doing very well and an entrepreneur who didn't actually do any work would be doing badly. That seems like a very fair world to me.

In fact, the way Bitcoin only measures accumulated wealth - because that's all gold and silver can do - might be short sighted. cryptocurrencies can measure things that metal can't and maybe they should?

But would that be commerce? Would that be an economy?