53:36 A community can set up a CONTRIBUTION which everyone agrees to pay in the currency issued by the community issuer 53:48 Therefore a Debt Free Currency System really means a COMMUNITY TRIBUTE money system where the debt is a contribution to the community, payable in the currency of the issuer 55:45 A community can set up its own CENTRAL BANK that sets the interest rate at zero for the money in the community

50:32 Currency is the governments I.O.U. 52:04 When the government gets its tax, it no longer has the debt so it burns the currency which was an I.O.U.

48:52 Example of a Community Currency

40:40 UMKC created its own currency - the Buckaroo 40:42 Students had to pay buckaroos to get their grades

34:59 A government does not need money. It needs citizens to need money so that they can pay taxes

Governments FORCE PEOPLE TO NEED MONEY

34:47 Taxes drive demand for a currency

34:12 taxes are imposed by a government that is only payable in their currency and they make a law that puts you in jail if you do not pay their tax

18:17 A government who creates a currency does not need to tax its citizens to get dollars. 18:25 Currency issuers spend first before they tax - they do not use tax to spend

11:42 For a currency issuer, funding the money is NEVER the problem

9:16 Why are we borrowing in a currency that we print ourselves?

6:48 Federal Government Issues Currency

correctly and the notes could easily be spotted as counterfeit, but that only went so far.

LERs will give employers internal heat maps of talent

Data formats are like currency. Either standardize it or make sure there are converters. Money exchange. Most used formats are valuable but also valuable content in a rare format makes the converter more valuable.

= example - gamifying system change in one area - grocery shopping - 18.9 kg was the hard limit - shoppers must keep their purchases under 18.9 kg per week to do their fair share to stay within planetary boundaries, in terms of grocery shopping

quote

Google is like the Catholic Church both as organizers of information and society<br /> Just as the Catholic Church used funding from the masses to employ most of the smartest and talented to its own needs and mission from 500-1000 AD, Google has used advertising technology to collect people and employed them to their own needs. For one, the root was religion and the other technology, but both were organizing people and information for their own needs.

Who/what organization will succeed them? What will its goals and ethics entail?

(originally written 2022-12-11)

Web Monetization official site with motivation, wallets, providers, browsers, search engines, tools, documentation link, explainer link, specifications link, awesome list link, github link

Government officials are urging citizens to adopt the official digital currency in a bid to gain more control over the economy.

minor benefits, trivialities really. /s

Sunk costs are the time and other resource investments a participant has put into the game. Increasing reputation currency is also another motivator.

One starts education with where the student is. But mustn't we also inventory what tools and attitudes the student brings? What tools beyond basic literacy do they have? (Usually we presume literacy, but rarely go beyond this and the lack of literacy is too often viewed as failure, particularly as students get older.) Do they have motion, orality, song, visualization, memory? How can we focus on also utilizing these tools and modalities for learning.

Link to the idea that Donald Trump, a person who managed to function as a business owner and president of the United States, was less than literate, yet still managed to function in modern life as an example. In fact, perhaps his focus on oral modes of communication, and the blurrable lines in oral communicative meaning (see [[technobabble]]) was a major strength in his communication style as a means of rising to power?

Just as the populace has lost non-literacy based learning and teaching techniques so that we now consider the illiterate dumb, stupid, or lesser than, Western culture has done this en masse for entire populations and cultures.

Even well-meaning educators in the edtech space that are trying to now center care and well-being are completely missing this piece of the picture. There are much older and specifically non-literate teaching methods that we have lost in our educational toolbelts that would seem wholly odd and out of place in a modern college classroom. How can we center these "missing tools" as educational technology in a modern age? How might we frame Indigenous pedagogical methods as part of the emerging third archive?

Link to: - educational article by Tyson Yunkaporta about medical school songlines - Scott Young article "You should pay for Tutors"

aside on serendipity

As I was writing this note I had a toaster pop up notification in my email client with the arrival of an email by Scott Young with the title "You should pay for Tutors" which prompted me to add a link to this note. It reminds me of a related idea that Indigenous cultures likely used information and knowledge transfer as a means of payment (Lynne Kelly, Knowledge and Power). I have commented previously on the serendipity of things like auto correct or sparks of ideas while reading as a means of interlinking knowledge, but I don't recall experiencing this sort of serendipity leading to combinatorial creativity as a means of linking ideas,

If this is the goal and the main reason for stable coins to exist we don`t need them.

The selling of one’s personal account is an achilles heel of individual reputation scores. Bad actors could approach individuals and entice or coerce them, thereby reputation becomes misrepresented.

Marilyn Waring

Time: The New Currency

Women tend to be excluded from the national economy because their work is not paid and therefore not value or factored into the Gross Domestic Product of a nation. Money, then, is a mechanism for disempowerment.

Aizenman, Joshua, Yothin Jinjarak, Donghyun Park, and Huanhuan Zheng. ‘Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?’ National Bureau of Economic Research Working Paper Series, 23 April 2020. https://www.nber.org/papers/w27030.

Lyons, Richard K, and Ganesh Viswanath-Natraj. ‘What Keeps Stablecoins Stable?’ Working Paper. Working Paper Series. National Bureau of Economic Research, May 2020. https://doi.org/10.3386/w27136.

Goodell, G., Al-Nakib, H. D., & Tasca, P. (2020). Digital Currency and the Economic Crisis: Helping States Respond. ArXiv:2006.03023 [Cs, Econ, q-Fin]. http://arxiv.org/abs/2006.03023

29.20 / It all comes down to trust. (ingame-otc desk instead of using game's own marketplace.)

Trading posts between servers.

Merchant Guilds with grand-bazaar like reputation tracking.

GW2 economy design decisions necessitates the formation of guilds / trading communities.

Bypassing tax of "Trading Post" via P2P bartering.

Reddit exchange.

Only reputation metric is your trading history in that specific subreddit. Use people with high reputation as escrow.

No middle-class in GW2. Rich records 2 hours long podcast for more players to make money.

Achievement system integrates with how fast you make gold and progress on other parts of the game. Golden idea to be included into social economy design!

"Do x,y,z like "recycle 1 ton of plastic" - earn "plastic recycler badge and get a %0.02 reduction on your bills." This can also get out of hand quickly, slippery slope. Still, implemented responsibly, can work wonders for a society.

We want money to flow through people and make it flow through your community first.

Sell to your community first. Then use global trade post as plan B.

When we changed the way we trade, the nature of gold in game changed. We were prioritizing materials, not gold. Resources became money, a multi-currency economy.

Community became tighter, engagement increased, people socialized more and started to enjoy the game more. Middle-class emerged!

Players learn how to achieve goals. Make money just playing the game.

"Trade post guilds" changed the whole game.

Peg the spirit shards value to play time value, all of a sudden everything matters (in the game)

Economical decisions in this game forces people to cooperate if you want to achieve a goal.

Maps (levels) are designed in a specific way, you are expected to flow through the entrance to exit and earn map currency.

The buying power of a thousand pounds, is equivalent to the buying power of $87,093 US dollars today.

https://www.uwyo.edu/numimage/currency.htm

Another school of thought on sovereign currency is sovereign money (https://www.sovereignmoney.eu/).

Politics power and community.

Who is in, who is out.

I find that this is weird because El Salvador is actually pretty far away from the US. It is in the middle of central america, so u would expect for them to use a different currency.

Omidyar Network, established in 2004 by eBay founder Pierre Omidyar, is funding a company called eCurrency Mint, eCM, for a technology that will allow central banks to issue digital currency called cryptocomplex cash. They have been working with 30 central banks, and two of them are about to announce deployment.

Contrasting:

"Some economists, such as Paul Krugman, argue that Chinese currency devaluation helps China by boosting its exports, and hurts the United States by widening its trade deficit. ... Krugman has suggested that the United States should impose tariffs on Chinese goods"

vs.

"Greg Mankiw, on the other hand, asserts that U.S. protectionism via tariffs will hurt the U.S. economy far more than Chinese devaluation. Similarly, others have stated that the undervalued yuan has actually hurt China more in the long run insofar that the undervalued yuan doesn’t subsidize the Chinese exporter, but subsidizes the American importer."

[Source: https://en.wikipedia.org/wiki/Currency_intervention#Chinese_Yuan Retrieved December 9, 2015]

Money metaphor. We use our language like currency and must be able to exchange and understand.