Whoa, our bailout was lots bigger: http://www.nytimes.com/interactive/2015/07/22/business/sizing-up-the-greek-and-american-bailouts.html?_r=0
On Wed, Jul 22, 2015 at 5:59 PM, David Eric Smith <desm...@santafe.edu> wrote: > 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 > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com >
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