Internetcurrency

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Internetcurrency should be an new currency, not given out by states, with no authority, only by a system to communicate and trust.

Contents

[edit] attributes of money

[edit] not centralized

Real money is centralized by central banks. But not all money all over the World. The System of reserve currency was given up after Bretton Woods. Today many currencies have changing foreign exchange rates.

[edit] not stable

When you are trying to earn money with hard work you think there is not enough money at all. But the owner of this money(system), these central banks, always change the amount. Either they stamping more coins or chance the prime rate to balance inflation or deflation.

Mostly this is useful, but you also can abuse this like a money faker; when a government needs money (e.g for a war) where you don't get back useful things and they cant get higher taxes the print money.

[edit] virtual

Long time ago when money was invented, commerce was barter trade. Jim was a good cook, Joe made good houses so they invented the division of labor. But it was difficult to for them to swap their services and products and they replaced them by some other smaller wighter things: gold. This gold was used into the 20th century as gold reserve. But people didn't walked around with it, they used banknotes and bookmoney. When he goldstandard was given up, nothing changed, people still trust to get products and services for this papes and bits. Real money is (also) virtual.

[edit] internet money

This money-system should be for the internet and like the internet. decentralized but interlangual.

[edit] moneyserver

Not this monitor-less computers, server, one who is giving out informations, in this case money. The client and the merchant have an account at a server they both trust. If you want to have these nice hat you pay, some of this new money to the account of the merchant (lets call her Antoinette). Antoinette expects some goods from the moneyserver, the moneyserver only gives me money, if I also give service in the moneyserver. If I dont't do this Antoinette distrusts the moneyserver.

Or I can also buy new money with old money. I can exchange (No not these f**ing mailclient)

[edit] protocol

It would be to centralized when only one organisation can hold this server, everbody would have to trust this one. It should be the right fr everyone to open an moneyserver. Every has to get poeple who want to trade "over" him. And every moneyserver is responsible for the trade between the moneyserver (like internet-routing).

[edit] Examples in the wild

  • "In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area." ok, cool, just cancel *small area" and write internet
  • LindenLabsDollar form S2? Ive never been there. But I heard they chrasht from underliquidy.

[edit] Morality

This idea seems to be total neoliberal, this might be true. But it is the same in the net, there is more speed, there are less chances to exploit trade differences.

[edit] More

PS we can kill paypal

[edit] Weblinks

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