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RE: Notes on Token Design Philosophy
Thanks for the links! I might sleep over the shemitah stuff though lol (not big on numerological stuff). And for what it's worth, I think currencies are not what we think they are (or what the ancients think) and it's still being defined by emerging coins and use-cases. There was an interesting write by @itchykitten (The Myth of Barter) which I thought was interesting as well.
Thanks again, gonna read them tonight :)
Undoubtedly that post is by far excellent but he hadn't delved into actual currencies only barter, fascinating indeed even so since the concepts at the heart of it are very important, as they have always been.
The shemitah is similarly important because of the concepts, I read a post about a currency that would reset all account balances to an equal distribution ever so often, granted the thought would infuriate most who are stuck on "the myth of barter" it's quite valid from the point that such token would provide a UBI if everyone would adapt it, and all profits and losses would be shared by everyone, but then again the point of Free Unit Creation which all Currencies need to actually be a Currency would still make it only a community commodity.
Here's the link about Currency or Commodity which is why I was saying that "all we've done is barter one commodity for another", because interestingly if you follow the inception of Money after the tally sticks you'll come to say "criminal motive for the suppliers, Check and complete total control over Trade, Check!"
http://bibocurrency.com/index.php/downloads-2/19-english-root/learn/196-money-commodity-or-measure
I'm gonna leave it at that for now, don't want to bombard you with information :D