"I love that you've brought this to attention. An extensive database of uncommon but resistant and hardy plants/foods could be developed and organized by climate. Ease of growth and processing should also be taken in to account. I will try to…"
A crash course in changing the world.
The Future of Money
Economics. The market has a life of its own. It has its own nature, and as we prune it and fertilize it we discover new things about it. So it's really really hard for me to get my head around these radically different monetary systems proposed in week 5.
I thought about bartering a lot. But coin is just so very convenient; I couldn't get myself to believe that bartering could become mainstream, eg more prevalent than goods for coin.
I thought about time banking. I remember writing an essay essentially about time banking when I was 16. The assignment was designing a utopia. The problem is, time banking is not scalable. It works for small swaps like dog walking for cooking, but it's scope is limited.
Local currencies. If they take off, they can be traded for non-local currency and it therefore essentially becomes commensurate and continuous with how money works at large.
So I thought money as is would remain largely the same with innovations in refinements such as how loans work or how corruption is battled. But then I thought again. Perhaps radical changes are in our future -
I think the biggest changes to money will be hyper-transferability and possibly increased payments by 'benefits'
Hyper-transferability relates to this weeks reading, The future of money. With devices like PayPal, transactions are basically free and instantaneous. There is no delay in the bank, and no transaction fee, it doesn't intersect with bank regulations or state regulations. This takes power away from the state and bank. People and businesses will gravitate toward this kind of money-transfer because it is easier and better for them. And that will create demand for providers other than PayPal (which has already happened) with more comprehensive 'frictionless' transferability capabilities. I call this hyper-transferability and I think it is good because it increases economic velocity (if money circulated twice as fast, other things equal, twice as many procurements and services would be rendered [increasing quality of life] without inflation or economic in-sustainability]).
Benefits are what you get beside your salary. You can be persuaded to take a job with lower pay and greater benefits. It may turn out that we are (as a society) better off getting payment much more by benefit and less by direct pay. For instance, because to capitalize on the benefits you have to go out give someone work (the dentist for example). That seems to me to be a possible lever of great change - people could change in that way when they might resist other radical changes like switching to bartering or time banking.
I thought about bartering a lot. But coin is just so very convenient; I couldn't get myself to believe that bartering could become mainstream, eg more prevalent than goods for coin.
I thought about time banking. I remember writing an essay essentially about time banking when I was 16. The assignment was designing a utopia. The problem is, time banking is not scalable. It works for small swaps like dog walking for cooking, but it's scope is limited.
Local currencies. If they take off, they can be traded for non-local currency and it therefore essentially becomes commensurate and continuous with how money works at large.
So I thought money as is would remain largely the same with innovations in refinements such as how loans work or how corruption is battled. But then I thought again. Perhaps radical changes are in our future -
I think the biggest changes to money will be hyper-transferability and possibly increased payments by 'benefits'
Hyper-transferability relates to this weeks reading, The future of money. With devices like PayPal, transactions are basically free and instantaneous. There is no delay in the bank, and no transaction fee, it doesn't intersect with bank regulations or state regulations. This takes power away from the state and bank. People and businesses will gravitate toward this kind of money-transfer because it is easier and better for them. And that will create demand for providers other than PayPal (which has already happened) with more comprehensive 'frictionless' transferability capabilities. I call this hyper-transferability and I think it is good because it increases economic velocity (if money circulated twice as fast, other things equal, twice as many procurements and services would be rendered [increasing quality of life] without inflation or economic in-sustainability]).
Benefits are what you get beside your salary. You can be persuaded to take a job with lower pay and greater benefits. It may turn out that we are (as a society) better off getting payment much more by benefit and less by direct pay. For instance, because to capitalize on the benefits you have to go out give someone work (the dentist for example). That seems to me to be a possible lever of great change - people could change in that way when they might resist other radical changes like switching to bartering or time banking.
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