Money As Debt: Difference between revisions
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(What would back a P2P currency, and how would issuance be constrained without a central authority?) |
(Proposal to issue currency against Physical Sources as assessed by User price paid.) |
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What would back a P2P currency, and how would issuance be constrained without a central authority? | What would back a P2P currency, and how would issuance be constrained without a central authority? | ||
: I propose such a money be backed by (issued against) any [[Physical Sources]] held under the [[General Public Law]] in proportion to the [[Value]] as assessed by Users by the [[Price]] they are willing to pay, but am not 100% certain this is correct. Any other proposals? --[[User:Ownut|Ownut]] 12:05, 3 September 2007 (PDT) | |||
I would like to write a simple computer program (maybe some kind of trivial game) to show how this works, but am having trouble envisioning what it would look like. Any ideas? --[[User:Ownut|Ownut]] 11:27, 3 September 2007 (PDT) | I would like to write a simple computer program (maybe some kind of trivial game) to show how this works, but am having trouble envisioning what it would look like. Any ideas? --[[User:Ownut|Ownut]] 11:27, 3 September 2007 (PDT) | ||
Revision as of 19:05, 3 September 2007
http://MoneyAsDebt.net (Full film at http://Video.Google.com/videoplay?docid=-9050474362583451279 )
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created.
Questions/Thoughts
Can centralized control, renting the right to issue, arbitrary fiat and partial reserves, be solved through peer issue?
What would back a P2P currency, and how would issuance be constrained without a central authority?
- I propose such a money be backed by (issued against) any Physical Sources held under the General Public Law in proportion to the Value as assessed by Users by the Price they are willing to pay, but am not 100% certain this is correct. Any other proposals? --Ownut 12:05, 3 September 2007 (PDT)
I would like to write a simple computer program (maybe some kind of trivial game) to show how this works, but am having trouble envisioning what it would look like. Any ideas? --Ownut 11:27, 3 September 2007 (PDT)