I blogged this once before.
Re-listened today, which brought some fresh perspective.
Money has different functions (store of value, medium of exchange, unit of account). Technology affects each of these differently.
Checks, for example, transform a store of value (bank account) into a medium of exchange.
The Tally Stick government debt market discounted debts across both time and space.
Cash money is a stealth tax, since what is really exchanged is government debt.
The Euro is a doomed currency. So what about the "galactic credit" of science fiction fame?
Tech again puts money creation into everyone's hands.
Should a currency be resource-based (gold standard) or reputation-based (debt standard).
Payments and banking are two seperate functions which our current monetary model conflates.
In a world without cash, what happens to prices?
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