Thanks for reminding me of the crow story, I remember reading about it a while ago. It's a fascinating story about how arbitrary "value" is. On a less cheery note, the same beans have been exchanged by colonists with amerindians and that didn't bode well for the latter. And that gives at least a partial conclusion: the coherence of the context is fundamental for the weight of the "value". The crow context is way less coherent with a human context than is, obviously, the context of a human... So we first must agree on the main rules, to be able to derive value. I used to think - and I still do - that money is the most common - and powerful - form of agreement. At least between humans.
Not a lot of thought has been given to online groups, even less to the likely impact of introducing technology-based support for managing social relationships. We are very definitely in new (social) territory.
Cheers
Graham
It fascinates me as well. Hence, my intention to formalize this with a token called
hubcoin.cash. I've been playing with Tendermint as a blockchain backend and I'm putting together the application logic. Tendermint is written in Go, and Go is similar with Chinese to me, which basically means 1) I don't understand a thing and 2) I'm compelled to learn it. So it may take a while until the MVP is live (the roadmap on the site is already a bit overdue). But hey, at least I have a white paper
