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Comment on Commoncy & Ecommonies: The Future of Money

nom the puppet Wed, Mar 4, 2009
This is a really interesting alternative theory of value. Also a couple slight concerns, ones we don't have to worry about in the next few years or more, but still interesting to think about is deflation due to space travel in a relative universe, product/owner distinctions breaking down as computers outpace human production and taking the concept with it, suicide vs change debates (memory storage, identity issues, temporal abolitionists).

@spaceweaver: concerning #2: They will probably have to function as most people in that position do— as a connector. If they are needed by everyone, and they have a monopoly on that supply, they will be useful for bringing people together and spreading ideas, like a watering hole. They would have a tremendous social responsibility that could be checked by the population through coordinated voluntary labor/consumption strikes, but most necessities that don't provide for the public efficiently enough are usually out-competed by making them obsolete through innovation or price reduction. But most of these people doing the boring jobs will ultimately be calculators with no conscious functions. (hopefully)

concerning #3: innovators may be those complex function monopolizers in #2 but with interesting tasks. Because innovation is so difficult to measure in long term value, it will either have to be considered a sunk unknown cost or it will be felt in effects that are shared by all.

concerning #1: maybe a task could have a root of:
seconds of personal time + tip/consumer appreciation = value

this way, tip will account for the demand of the capabilities of that person's time while still endowing everyone with a base allowance as a given fact that they own their labor, over-tippers will be overwhelmed with offers thus creating a pressure to conform to standard pricing in public arenas, but still allowing for rare aberrant personal exchanges of appreciation to have more value. Under tippers will be pressured to conform up to normal price due to the reductions in offers of services made for their time, but still encouraging smart shopping practices. The best producer will become the most capable consumer. All producers will have an open source receipt system to track their average tip, that must be verified with the consumers checkbook in an international database. The problem is stopping hackers from price-gouging their appreciation values by gaining control consumers' checkbooks. It might encourage slow industries in the beginning, but with the level of technological capability available to us at the present it shouldn't be too hard to find the means of comfortable subsistence at an affordable cost. Hand made things might take on a whole new luxury value that couldn't be expressed in our old economic system.

I'm going to throw an idea out here, I'm not sure where it goes and I'd like to get a second opinion: What do you think of the statement 'Human subsistence and reproduction is an act of labor and should be treated as such.' in relation to the Ecommony ideas in this thread?