Re: The Economy Of Plenty

James North (
Tue, 16 Sep 1997 14:10:23 -0600

At 12:57 PM 9/16/97 -0500, you wrote:
>Anybody who wants to continue using 'money' could do so under my new system,
>which is a superset of the old. More possibilities, not less. Complex barter
>doesn't have to be mandatory, just possible. The situation for holdouts would
>be loosely analogous to someone in our current society refusing to use money.
>Holdouts will lose (money)/(resources) until they give up and join in.

There are certain individuals (and groups of individuals) that control (I
won't say "are powerful" because I think they are actually weak) a great
deal of people and thier movements around this planet right now, and I think
that a.) they won't "give up and join in" if you manage to launch your
system, because b.) it appears to me, for your system to stand ANY chance of
acceptance and utility, it would have to be electronic in format, so, 'they'
won't let you! Consider the following paragraph:

from Mouse Monitor, sept. 1997 by Robert E. Bauman: "The US Treasury
Department's Financial Crimes Enforcement Network (FinCEN) on May 21, in a
little-noticed rule proposal, began the government's take-over of all forms
of electronic and digital cash in America. For the first time the US
government asserted direct control over all so-called financial "stored
value systems," defined as "...funds or monetary value represented in
digital format (whether or not encrypted) and stored, or capable of storage,
on electronic to be retrievable and transferable electronically."
(Official text at ) This definition covers
so-called "smart cards", online Internet banking and any other cash
transactions in electronic form."

I'm all for your system (or something like it) myself, and I would be very
interested to hear about how you are going to implement it.

All the best,

>I'm not saying that complex barter is necessary for the common good, although
>it is. I'm saying that complex barter is as much an improvement over money,
>as money is over simple barter.
> Eliezer S. Yudkowsky
>Disclaimer: Unless otherwise specified, I'm not telling you
>everything I think I know.

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