Comments on: Cash In A Cashless Society

By: Julia

Julia — Tue, 16 Oct 2007 23:51:09 +0000

http://en.wikipedia.org/wiki/Gresham’s_Law

Here’s the link. Apparently this law works for milk too. Creepy.

http://givingupcontrol.wordpress.com/2...6/when-bad-milk-drives-out-good-milk/

By: alistair

alistair — Tue, 16 Oct 2007 23:47:27 +0000

if the money supply is totally controlled then those outside the system will find a symbol to represent effort.

it has always happened, is happening now and will continue to happen as long as there is a value on effort.

if we find controllable devices to remove the necessity for effort then things will change to fighting for control of the devices………..

By: Julia

Julia — Tue, 16 Oct 2007 22:35:12 +0000

As soon as thereâ€™s paper money, gold goes out of circulation. [...]Interestingâ€¦ Iâ€™m filing that away as I donâ€™t know how to respond now but it feels important.

This is a very important Law of Economics. It has it’s own name but I can’t remember it now.

By: Tim Boucher

Tim Boucher — Tue, 16 Oct 2007 15:12:14 +0000

I like the idea of gifts of actual objects… That gives me an idea for a real-life acting tips article about bringing people gifts when you go to see them.

[Reminder to self]

By: speedbird

speedbird — Tue, 16 Oct 2007 08:35:02 +0000

One more thingk: if store cards become non-transferrable (obviously for anti-theft purposes ;-D) then either gifts of actual objects or the issue of local currency become the only options.

By: Tim Boucher

Tim Boucher — Tue, 16 Oct 2007 03:23:28 +0000

Interesting… I’m filing that away as I don’t know how to respond now but it feels important.

By: speedbird

speedbird — Mon, 15 Oct 2007 20:47:57 +0000

Yaarrrp…

I buy that. But if I’m playing devil’s advocate I could see ways for the PTB to target item (1)…

Weird things happen (I keep saying that!) in a market where it’s not easy to determine the real value of goods for exchange. Some guy won a Nobel prize for a paper on this called something like ‘the market for lemons’, an interesting take on the world of the used-car salesman. I forget where I read that (might have been here even, I dunno!). You end up with a race to the bottom where the items in circulation have the minimum possible acceptable value. There’s some explanation off the back of this as to how paper money evolved: if you’ve got gold in your pocket, and paper money with equal face value, which are you going to spend? As soon as there’s paper money, gold goes out of circulation.

By: Tim Boucher

Tim Boucher — Mon, 15 Oct 2007 17:03:39 +0000

http://en.wikipedia.org/wiki/Alternative_currency

In the Great Depression, people and corporations used gift certificates as a form of currency.

By: Tim Boucher

Tim Boucher — Mon, 15 Oct 2007 15:30:33 +0000

Ripple Pay seems to address some of these issues of exchange rates between various systems of currency:

http://www.p2pfoundation.net/Ripple_Pay