[extropy-chat] Vanity Money (was Bloodless Redistribution)

Lifespan Pharma/Morris Johnson CTO megao at sasktel.net
Thu Dec 29 02:26:18 UTC 2005


I like the idea.
Partly because I have always viewed minting coins and bills with high 
cost artwork to be a
total waste of good time and money if it is only for security purposes.

However if the cost of the artwork is paid for privately, it reduces the 
public cost to nil.
And if money goes out of circulation as a collectors item , it counters 
the inflationary forces
of printing money to simply enlarge the money supply.

I think you've got a real neat idea whose time has come.

I think art should be useful, not simply to be put on a wall, etc.

Money is also a high quality medium to work from.
It also would subsidize the cost of implanting rfid and tracking
devices and biosensors and other neat technology  into money which would 
also keep track of who was spending
and who was collecting their money.

The trick is to sell the idea for only the reasons that the decision 
makers want and
not to push the other neat features we are discussing right now.

The NSA and CIA and other spooks would  help behind the scenes if these 
extra features were "woven in".


The Avantguardian wrote:

>Are you joking? Bloody unlikely. Susan B Anthony,
>Sakajawea dollars, and two dollar bills haven't tanked
>our currency despite their unpopularity (the
>coins/notes and not the people) so I don't see how Ken
>Lay would. (You did have to pick HIM, didn't you?) It
>would be many years before numistmatists would be
>interested in any of them any way, and collector's
>value has little if anything to do with fiat currency
>valuations any way. A dollar is a dollar no matter
>what it looks like. If you don't like Ken Lay on the
>$20 note, carry tens and fifties or use your debit
>card. I would.;) As far as your previous objections to
>enshrining rich capitalists on our money, do I need to
>remind you that slightly over half of the people
>currently depicted on our money were wealthy
>capitalist slave owners, not all of whom were
>presidents? 
>
>  
>
>--- gts <gts_2000 at yahoo.com> wrote:
>
>  
>
>>It would destabilize the currency. $20 notes bearing
>>Kenneth Lay's photo  
>>(former Enron Chairman) printed a few years ago
>>would be worth less or  
>>more (probably less) today than $20 notes bearing
>>Bill Gates' photo  
>>printed this year.
>>
>>People would be trading these things on ebay like
>>baseball cards and  
>>cabbage patch dolls. We would have no idea about the
>>real money supply.  
>>Probably the increased risk of ownership would cause
>>the US dollar to tank  
>>on world markets.
>>
>>-gts
>>
>>_______________________________________________
>>extropy-chat mailing list
>>extropy-chat at lists.extropy.org
>>
>>    
>>
>http://lists.extropy.org/mailman/listinfo/extropy-chat
>  
>
>
>
>The Avantguardian 
>is 
>Stuart LaForge
>alt email: stuart"AT"ucla.edu
>
>"The most beautiful thing we can experience is the mysterious. It is the source of all true art and science. He to whom this emotion is a stranger, who can no longer wonder and stand rapt in awe, is as good as dead: his eyes are closed. . ."
>
>- Albert Einstein, "What I Believe" (1930)
>
>
>	
>	
>
>
>  
>

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