[ExI] Bottom-up currencies

Eugen Leitl eugen at leitl.org
Sat Mar 12 09:49:49 UTC 2011

On Fri, Mar 11, 2011 at 11:37:37AM -0500, Richard Loosemore wrote:

> Conclusion:  trying to argue about what money "really" is, or what it  
> "really ought to be" is somewhat nonsensical, since it emerges as a  
> result of beliefs and interactions of a complex nature.

I've talked with operators of successful regional currencies,
so you can say 'hey presto, fiat money', and it will come.
Ditto a number of cryptocurrencies which were in operation,
mostly shut down for fraud/money laundering.

If the consensus money sucks badly enough it's pretty easy 
to get people to adopt an alternative system.

Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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