| ▲ | pjc50 3 hours ago | |||||||||||||||||||||||||
> scarcity based economics is failing us and crypto give us a way to explore alternatives The entire field of crypto was an attempt to create scarcity where none existed, by turning scarce electricity into special numbers. | ||||||||||||||||||||||||||
| ▲ | __MatrixMan__ 3 hours ago | parent [-] | |||||||||||||||||||||||||
It was about creating a rules based monetary system. It made engineering sense to start with a mimic of a system that was already known to be consistent (gold), but the feeling I got was that it was much more about letting the people choose which rules they wanted to follow, and less about favoring any particular ruleset (i.e. ones that create scarcity). | ||||||||||||||||||||||||||
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