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Money is a foundational technology for society.

Money is a foundational technology for society. The core hasn't changed in thousands of years. It predates high technology and information systems. Traditional money alone is obviously outdated. The situation we have is as if World of Warcraft had only one stat for each character (money) and no way to track what was going on wih the environment aside from user reports. And the server somehow could not regulate anything in the simulation without it being done by a user. Economists have done an amazing job with one number, at least in terms of finding ways to game the system and multiply one's point total while ignoring billions of people. But we need automated and mainstream systems with more than one dimension.

Posted by ilaksh on May 6, 2015, 7:12 PM

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Money is a foundational technology for society.

ilakshMay 6, 2015, 7:12 PM

Money is a foundational technology for society. The core hasn't changed in thousands of years. It predates high technology and information systems. Traditional money alone is obviously outdated. The situation we have is as if World of Warcraft had only one stat for each character (money) and no way to track what was going on wih the environment aside from user reports. And the server somehow could not regulate anything in the simulation without it being done by a user. Economists have done an amazing job with one number, at least in terms of finding ways to game the system and multiply one's point total while ignoring billions of people. But we need automated and mainstream systems with more than one dimension.

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