[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
eternity using politics rather than economics
When I was working on Eternity DDS stuff, I basically came to the same
conclusion as Adam -- without anonymous bearer cash, you can't do
a workable eternity implementation.
It's an open question whether you could issue bearer cash backed in
Eternity-units. That was my original plan, but it seems you would still
want to have gold-units to trade for Eternity units. The problems of
guaranteeing quality of service in exchange for Eternity units are
complicated but tractable, but having a separate scheme for auditing
performance.
Where I think "political" schemes would be particularly beneficial is
in sharing administrative control over a virtual corporation, etc. While
those who believe Coase would believe corporations will devolve into
individuals or even autonomous agents, it might be a worthwhile tool
during the transition.
As far as I can tell, having a good Eternity implementation is still
blocked on getting a reasonable electronic cash system. There are
some people in Anguilla...