For me Money was an invention that was a logical progression to remove some of the obvious limitations of the barter system. Labor always was at a disadvantage in a barter transaction with an asset or objects, like a pig or a bag of tomatoes. Labor could not be reversed.
The co opting of the monetary systems over the centuries by the elites is certainly coming to an end, and crypto is a huge catalyst for this.
You are viewing a single comment's thread from:
What if the economy was sectored out and decentralized and then was traded out using the free market principle where each sector has their own blockchain. Energy, food production/service, holistic health care, entertainment, anything pertinent and necessary for a well oiled society. It would be a peer to peer currency and work sector by sector. Everyone would be paid in the crypto that they work in and then use a blockchain marketplace to trade for what they needed.
and value would move between each "sector" blockchain using atomic swaps in wallets.
I like your thinking.
It would only work as we imagine if it evolved into this rather than being mandated to be so
I think we are somewhat already moving into this direction with some of the more serious alt coin projects out there with seemingly lofty ambitions, but still focusing on economic sectors.
One sector I think that I have not yet heard much about that is ripe for disruption is insurance
A peer to peer community insurance system would definitely attract attention. Slippery part is verifying fraud fairly.