Super article worth reading all of it about Bitcoin (TM), real Bitcoin and reclaiming the narrative https://www.epsilontheory.com/in-praise-of-bitcoin/
Do you know #React and #nextjs ? Would you like to earn a $1000 bounty for helping us build an aggregator for murmurations.network? Check out this bounty https://github.com/MurmurationsNetwork/MurmurationsProtocol/issues/25
@cy For a definition of The Gift read Marcel Mauss. A system of credit indicates obligation, often legally enforced, to return a specific amount.This is very far from gifting.
really helpful sensemaking of the pandemic so far and the innappropriate government response. https://worlddoctorsalliance.com
@cy Then you promise to give something later. The unit of account on the ledger is the record of the difference between what you have received and what you have promised.
Some people call it credit money.
@cy Definitely NOT like a gift economy. Its an exchange system, with a precise unit of value. Instead of minting tokens and pretending they are valuable, members just promise to give as much as they receive.
@cy mutual credit systems another paradigm from blockchain and silver monies. I have much work to educate the public in this largely forgotten/ignored paradigm. Sometimes they are called moneyless systems because the credit members created is only accepted by other members. Hence 'mutual'. Its no microloans because its not money. All members have is the goods and services they produce and their promises.
well aware of those concerns thanks. Yes its not designed for tax avoidance but avoidance of money/credit and banks.
KYC problems are handled because it is in the interests of each group to police their members or the whole group is liable.
Why haven't "buying clubs" become more common with internet?
For example, 100 cat owners could join together, approach different cat food providers and bargain a discount through joint-purchasing.
My guess is that the venture capital model makes us only think in terms of what works as a capitalist firm.
Ventures like buying clubs make more sense as #coops or mutuals. The largest hardware store chain (Ace Hardware) and carpet flooring firm (CCA Global) in the US are both purchasing coops.
angry woke nonsense
It's not conservative vs liberal
It's not LGBTQ vs cishet
It's not even PoC vs white supremacists
It's RICH vs POOR, and one side is buying propaganda to make us fight over every divide EXCEPT for the class divide. Can we all just step away from each other's throats for ten fucking minutes, kill all of the landlords, and then get back to your regularly scheduled social war?
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