Please take your Biblical preaching and existential philosophical wanderings to own thread. It is OT here. Start a thread on that and I will join you over there.
Money does not inherently beget State and is compatible with tribalism. I am working on that paradigm shift now. I explained already
) that technology and not money is what caused the current state-of-affairs.
Your theory of money and economy is too myopic.
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
A heterarchical currency enables
every individual holder of the currency to draw against the balance of
every other holder of it. In the case of the
G.E. coin, an individual holder's inflation of the monetary base (effectively) draws capital from other holders in accordance with the magnitude of their GEC holdings, mitigating each holder's personal losses while, simultaneously, maximizing their provision. (Furthermore, it incentives one to minimize [perhaps, through destruction] its currency holdings.)
Let me see if I can bring this thread back on topic.
The above quote was an OT post to an OT discussion in the
Economic Totalitarianism thread. I wish we attempt to discuss monetary theory in an appropriate thread, so readers can follow threads.
The entire point of my (AnonyMint's) seminal essay linked from the opening post of this thread, is that
production in the Industrial Age and prior epochs required great economies-of-scale in fixed capital, e.g. factories, mechanized farming, Egyptian slaves for pyramid building, etc..
Production in the Knowledge Age is the
creation of new knowledge (not just the consumption of existing, although learning is a form of knowledge creation), e.g. software, 3D printing/CNC mill design patterns, marketing, writing, etc.. This notion (genre) of production can not be financed with interest bearing capital (read my seminal article!), and the capital resides with the individual and not with economies-of-scale (e.g.
The Mythical Man Month).
Thus the generative essence of the problem has been not money nor free market capitalism itself, but the power that the technological state of mankind imparted to money.
The Knowledge Age is solving this problem.
Money will return to its roots (as an improvement over non-fungible barter) of being a unit-of-exchange, and less of a store-of-value.
This is the why Industrial Age and socialism are going totalitarian into a NWO, one-world reserve and governance outcome (go big or die is their necessary mantra). Because the paradigm is dying.
So we don't want an anti-money (whom can free-for-all coinbase nilly-willy debase faster race into the abyss) shitcoin that is designed to perniciously, self-destruct into a mutual chaos. Instead you want a money that is designed to primarily to be the best unit-of-exchange and which has extensive ability to resist totalitarianism. Money must debase and
the best way is when it debases the most for those who do not transact so as to encourage the greatest unit-of-exchange. The power-law distribution of wealth is a pump that must be constantly reprimed, i.e. the concentrated wealth must be pumped back out to the masses to spend it again so it can return to those who concentrate wealth via their greater skill, fortitude, effort, etc..
Stay tuned...that money (with extensive mathematical innovations over any existing altcoin
and potentially a Bitcoin killer) is coming soon to a cinema near you...