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RE: Demonetizing Money

in #busy6 years ago

Haha this keeps me talking about Benjamin Franklin's The Nature and Necessity of a Paper Currency, I mentioned this no less than 4 times in the last couple of days in different places. Why I mention it here? Because you bring up the need for an abundance of money, which is what the premise of Ben's work was pinned on.

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Wow, that is an oldie but goodie.

If memory serves me correct, I believe he talked a lot about land, labor and commerce.

Could the updated version be:

Land: our stake in the digital realm through the different tokens we hold
Labor: AI or automation: all of us being able to "employ" that and not have it in the hands of a few feudal lords (FB, Google, Governments).
Commerce: the ability to buy, sell and invest in the digital world via token for token swaps regardless of the tokens.

Food for thought.

That's exactly what it was, brevity the soul of wit.

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@baah gotta give you mad respect for mention a hero of mine and for logic Benjamin Franklin!! Thanks !

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