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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.
I now take payments in goats and manual labor.
Because the creators can make more, and then they have cryptocurrency *and* dollars.
Also, like stocks and religion, the power of currency is equal to the number of people willing to hold it.
How can I believe you when you tell me what I don't want to hear?
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
This is a common practice already, but now with added buzzword-compliance.
For decades, organizations have issued scrips of various kinds. From gift certificates and coupons to the ubiquitous gift cards exchanged today, there's always some new way to get customers to invest in your product before they buy it. This guy now has his own scrip currency, with the gimmick of being a "cryptocurrency" so people can generate their own, essentially paying him in their time and recognition of his brand instead of an actual recognized currency.
You do not have a moral or legal right to do absolutely anything you want.
It's worthless now, but when the zombies apocalypse starts, Evancoin's value is gonna go to the moon!
#DeleteFacebook
Turing wasn't motivated by money. Leonard Kleinrock has explicitly said that economics was not a motivating factor in the invention of the internet; they just wanted to communicate with other universities through the computer. Berners-Lee gave away the world wide web protocols. He wasn't motivated by money. Faraday turned down a knighthood, because he wanted to figure things out, not simply make money.
Capitalism throttles innovation because capitalism wants to control above all else. Money is about power. Quaint old economic theories about money as a store of value and medium of exchange make nice stories but have no relevance to life outside the window.
What about energy?
I'd actually go as far as to say that energy is the only true currency in the universe...
Bread. Water. Heat in the winter. Iron when you're making tools. A place to live. An hour of your life.
Plenty of things have inherent value - just not currencies. Their value is only in what real value other people are willing to exchange for it.
--- Most topics have many sides worth arguing, allow me to take one opposite you.