[P2P-F] Crucial insights into egaliterian potential of the crypto-economy

Tue May 15 19:26:46 CEST 2018

there is a paradox though,

* sovereign money is still going strong

* complementary curriencies exist in spades, but are everywhere really
marginal

* Crypto currencies have many problematic aspects, but they are generating
massive investments in new infrastructures

* we have theories of what money should be, but they are not implemented ...

in that context, taking something that seems to take root, but transforming
it to broader egaliterian interests, seems a good strategy

On Tue, May 15, 2018 at 6:17 PM, Michael Linton <michael.linton at gmail.com>
wrote:

> There's much good thinking here, but thinking still inside the old
> familiar box of asset, control, property, distribution ....
>
> So their ideas are still firmly embedded in systems of rivalrous
> competition.
>
> The ends they project can be much more easily achieved by other means. A
> few days ago on a thread about "weaponized" currencies, I wrote
>
>
>> The Rivalrous and the Anti-Rivalrous | Deep Code Experiment: Episode 2
>> <https://youtu.be/cEEV6gJIb7g?t=615>  - Jordan Greenhall on a roll
>>
>> STIR (2013)
>> <https://docs.google.com/document/d/1_PhKi--LpujOSAxOVBRUrGo4SY29FOxQoS5HcQ0l1XU>
>> - the key distinction is this.  Some moneys are supposed to be material in
>> nature - and so are scarce, tokens of property.  There are other moneys
>> that measure, and are not scarce at all.   Currencies that are based on
>> scarcity are de facto competitive - pointed sticks at the core.
>>
>> So the new crypto-currencies are most generally weaponized, and that's no
>> country for old men like me.  My interest is in the dmz of money.
>>
>>
> From where they look, this is all they are going to see.  But it's not all
> there is.
>
>
>
>
>
>
>
> On Tue, May 15, 2018 at 3:51 AM, Bob Haugen <bob.haugen at gmail.com> wrote:
>
>> I'd like to see a real life somewhat-populated with real people
>> example of how this is supposed to work and what this is supposed to
>> enable.
>>
>> On Tue, May 15, 2018 at 4:01 AM, Michel Bauwens <michelsub2004 at gmail.com>
>> wrote:
>> > This article from Dick Bryan is the first one bringing it all together,
>> > giving clear criterial for p2p/commons oriented crypto developments, I
>> had
>> > intuited some of them, but was not able to bring it all together yet as
>> this
>> > author has:
>> >
>> > https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d
>> >
>> >
>> > Some criteria to look for (via Dick Bryan):
>> >
>> > 1. "Programmable organizations enable production to be organized in a
>> way
>> > that makes social criteria the rationale for production; not a
>> constraint on
>> > it."
>> >
>> > [1]
>> >
>> > 2. "The rise of ‘networks’ as modes of corporate organization breaks
>> down
>> > the conventional means that differentiate one corporation from another
>> and
>> > challenges the principle of ‘competition’ as the driver of corporate
>> > rationale. These are both issues that feature prominently in
>> decentralized
>> > applications."
>> >
>> > [2]
>> >
>> >
>> > * 3. Mechanisms, like tokens, that allow surplus value to be retained
>> by the
>> > workers, not capital.
>> >
>> > " Changes in the nature of work (precarization, casualization,
>> > subcontracting, the rise of the gig economy) see workers carrying
>> greater
>> > risks and break down the attachment of work and living standards to
>> > employment. There is growing interest in alternative ways of organizing
>> > work." [3]
>> >
>> > 4. "the real potential is cryptocurrencies as units of account: as
>> modes of
>> > measuring economic activity that are conceived differently from those
>> > intrinsic to fiat money. Fiat money has become tied to conventional
>> framings
>> > of profit and loss, income and expenditure, and a market-centred
>> calculus.
>> > Non-fiat monies have the potential for developing new ways to calculate
>> > economic activity; ways that represent different social and economic
>> values,
>> > and measure performance by criteria other than profit. Think about it
>> for a
>> > moment. The unit of account potential signals the importance of the
>> crypto
>> > economy developing ways (not a singular way, but coin-specific ways) of
>> > accounting and measuring the activities supported by each token. We see
>> this
>> > as central to giving tokens a material basis in the crypto economy; not
>> just
>> > leaving them as speculative stores of value. .... "Exchange is often
>> between
>> > parties of unequal power, so mutual gain cannot be presumed. An
>> important
>> > issue of the crypto economy is how blockchain can and cannot countermand
>> > asymmetrical power in trade. We see blockchain not facilitating
>> frictionless
>> > markets but rather frictionless capital: distributed capital." [4]
>> >
>> >
>> >
>> > --
>> > P2P Foundation: http://p2pfoundation.net  -
>> http://blog.p2pfoundation.net
>> >
>> > Connect: http://p2pfoundation.ning.com; Discuss:
>> > http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation
>> >
>> > Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens;
>> > http://twitter.com/mbauwens; http://www.facebook.com/mbauwens
>> >
>> >
>> >
>> >
>>
>
>

-- 
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