Hi Marcus, and thanks, > “4. Back to mechanism: If the above are correct, then any sub-system of the > economy that depends on a bitcoin-like digital currency will be subject to > the stresses that come from an inflexible-supply money such as gold, and > those will need to be addressed somehow. “ > > Of course, Bitcoin is the biggest, but still just one of many existing or > possible digital currencies (some of them having the properties of gold). > Others, like NXT coin, reward holding the currency rather reward mining it. > If creating these currencies means little more than creating a protocol and > supporting code, and building a community around it, then different systems > of governance can be built around the rules, including the ability to have it > be a flexible money supply. In principle, trans-national economies could > emerge, and they could gain more momentum than the official currencies of > smaller nations.
Yes, wonderful. The concepts of ecologies of monies, near-monies, and credit instruments. I would love to see a serious push toward a theory of economic dynamics, driven by the ability to create, and the need to understand, systems of this kind. I wonder (technically) what would be needed to see a productive direction into doing this scientifically well, and (societally/academically) what would be needed to draw a community to it capable of making some genuine headway. All best, Eric
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