Comment by zeroxfe

Comment by zeroxfe 2 days ago

4 replies

"Economy" doesn't necessarily mean "monetization" -- there are lots of parallel and competing economies that exist, and that we actively engage in (reputation, energy, time, goodwill, etc.)

Money turns out to be the most fungible of these, since it can be (more or less) traded for the others.

Right now, there are a bunch of economies being bootstrapped, and the bots will eventually figure out that they need some kind of fungibility. And it's quite possible that they'll find cryptocurrencies as the path of least resistance.

cheesecompiler 2 days ago

I’m not sure you’re disproving my point. Why is a currency needed at all? Why is fungibility necessary

  • zeroxfe 2 days ago

    I wasn't trying to disprove your point -- just calling out that the scope of "economy" is broader than "monetization".

    > Why is fungibility necessary

    Probably not necessary right now, but IMO it is an emergent need, which will probably arise after the base economies have developed.

    • cheesecompiler a day ago

      I know you weren’t. I’m saying you’re claiming a currency is inevitable on some level. And I don’t understand why.

      • kortilla a day ago

        Resource allocation without it is not a solved problem