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Software Developer Creates Personal Cryptocurrency (wired.com)
mirandakatz writes: If you want to pick Evan Prodromou's brain -- as many people often do -- you'll have to pay him. And not just a consulting fee: You'll have to pay him in his own personal cryptocurrency, dubbed Evancoin. Currently, 20 days after his Initial Coin Offering, a single Evancoin is worth $45. As Prodromou tells Scott Rosenberg at Backchannel, "I'm not above a stunt! But in this case I'm really serious about exploring how cryptocurrency is changing what we can do with money and how we think about it. Money is this sort of consensual hallucination, and I wanted to experiment around that." The story goes on to explain what, exactly, goes into creating a personal cryptocurrency, and whether Evancoin could becoming a phenomenon that spreads.
He's a young hip techbro.
He's 49
https://en.wikipedia.org/wiki/...
lucm, indeed.
What part of "agreed-upon" is not consensual hallucination?
Money is nonsensical because if it measures value, why is it kept scarce? It's as if each time you measured something, you lost inches and have to buy more inches before you can measure something else. The definition of money as a medium of exchange and store of value is nonsensical. Money is more like points. There are no limit on points and the rules for point allocation are arbitrarily and fickly decided by a select privileged few, with very little regard to supply and demand.
To conclude, your definition of money is quaint and wholly ideological, not observed.
You may be thinking of Bowie Bonds.
https://en.wikipedia.org/wiki/Celebrity_bond
http://www.billboard.com/articles/business/6843009/david-bowies-bowie-bonds-55-million-wall-street-prudential