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I agree with this sentiment.
It seems that in some cases technology can offer more to us by fragmenting financial services. For example, there could be ways that people could loan to each other in P2P networks that could be more dynamic and have far less overhead than banks. But I suspect it can go much further than that. We might be better off creating economic alternatives to money itself. Rather than a place keeper for value, maybe we can exchange something that has different characteristics.
thenewgreen · 4516 days ago · link ·
- maybe we can exchange something that has different characteristics.
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I've thought on it quite a bit. The closest thing that I can think of looks something like Cory Doctorow's "Whuffie" in Down and Out in the Magic Kingdom.
It's basically digital karma. Sentiment replaces money.