Impact

Markets are inherently adversarial – there is not a single thing you can do that won't end up disadvantaging someone.

Even if you invent a cure that saves the lives of 10 million people, there would be people who were previously treating the disease who would end up unemployed, investors who lose money, etc 

So if this is true for something with such a massive positive impact, how much more or for other things.

The problem with adversarial systems is that they are inherently nihilistic; you can't come to consensus on what is beneficial or in the common interest. You can't even come to consensus on basic facts because there is always an economic incentive to hold the contrarian view.

If we want agreement on the facts and on the common good, and if we want to create things where everyone benefits we need to use consensus-based systems. There is simply no other alternative.

What if the govt replaced dollars with CBDCs, but for some reason (perhaps ineptitude of govt devs) you could only use CBDCs to buy and sell things that begin with the letters A, B or C.

Want to buy an apple or a car? No problem. Want to buy a house? Sorry. Houses start with H, and money doesn't work for that anymore. Best we can do is an apartment. But even then the apartment wouldn’t have windows, because you can’t make money producing windows (or glass).. Read more 👇

Working on /impact ||


Abundance Economy book: book.abundance.id

What if the govt replaced dollars with CBDCs, but for some reason (perhaps ineptitude of govt devs) you could only use CBDCs to buy and sell things that begin with the letters A, B or C.

Want to buy an apple or a car? No problem. Want to buy a house? Sorry. Houses start with H, and money doesn't work for that anymore. Best we can do is an apartment. But even then the apartment wouldn’t have windows, because you can’t make money producing windows (or glass).. Read more 👇

https://paragraph.xyz/@abundance/an-absurd-economy


Great article! But the inner smart ass in me would buy a bungalow, an abode, a cabin, or a cottage with apertures rather than barter for a hobby house with windows.

Love is Undefeated. Working on integration of all Vectors through love-driven governance and perpetual evolution through recursive improvement.

Yes, you can definitely hire an Alphabet Expert (tho not a Marketing Specialist) to get around some of these limitations

I think a lot about the inherent limitations of money as currently imagined/implemented. Not only does it affect public goods as your article deftly points out, but it encourages hoarding. Money that approximates wealth better (wealth as being known resources, technologies and talents) and allows for those things to grow in "Abundance" exponentially to where money becomes worthless because wealth is so bountiful would he the goal I think.

💯 When we're at a point in human civilization where we can just create without the need for an economic incentive - perhaps if the incentive is abstracted away & all you need to focus on is making an impact - then eventually we wouldn't even need a "value database" to keep track of how much each person contributes.

Until that time we need to focus on how to align monetary value with actual value (and not just scarcity)

Don't know much about caloric money but will look into it - new rabbithole!
My intuition is that "what can be measured can be gamed" so it's not that simple to build the right incentives unless you have self-correcting mechanisms.

Something that has been in the back of my mind for decades is the "calorie" denominated Energy money explored in Red Mars by Kim Stanley Robinson. Money that measure energy creation/consumption. Sometimes I think BTC is close to that, sometimes I think it's just a meme.