[ExI] De-Orbiting Gold
anders at aleph.se
Sun May 20 22:44:02 UTC 2012
On 20/05/2012 23:00, Kelly Anderson wrote:
> Who thinks my idea of orbiting money is ridiculous?
Well, given the success of Rai stones even dropped into the lagoon as
currency on Yap, orbiting money is probably not that bad.
However, the real problem is of course that all the value lies in the
perception of value. Bitcoin is very volatile because it is a small
currency. A currency better be either large or backed by some stable
institution to remain stable.
Future of Humanity Institute
Oxford Martin School
Faculty of Philosophy
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