[ExI] De-Orbiting Gold

[Anders Sandberg]

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.
https://en.wikipedia.org/wiki/Rai_stones
https://en.wikipedia.org/wiki/Yap#Stone_money

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.

-- 
Anders Sandberg,
Future of Humanity Institute
Oxford Martin School
Faculty of Philosophy
Oxford University