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Topic: Current situation in Greece confirms Qora's dev words regarding Barter economy (Read 686 times)

hero member
Activity: 980
Merit: 1001
I don't know of any coin that couldn't be used as a coin for greece. It's not like there are many requirements besides being able to use it as currency and the means to exchange for EUR (which would prob be set up by greece if they decided to go that route).

I don't know of any coin that could be used as a currency of a whole nation. The scalability just isn't there.

That's actually a good point.

If the coins offers asset to asset exchange, then why not? Eg 30 assets of eggs for 17 assets of tomatoes

I don't think in a scenario like this anyone would be using an asset exchange. You go to the market just like you do know and then pay with %insertrandomroin% instead of EUR. Do you honestly believe all of a sudden small markets would start to put their entire investory into an asset exchange ? Not only would it be incredibly cumbersome it would imho also be unneccesary.

In days of crisis and in days where economy was absent, wasn't everything dealt with exchanging objects?


Well then I'd say people will do that face to face. Just because someone has an asset egg doesn't mean he actually owns the egg. There is no way for him to prove that (afaik not yet implemented in AEs). So they'd meet up and exchange that egg for whatever in person.

I think the strengths of AEs up to now lie somewhere else Smiley
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
I don't know of any coin that couldn't be used as a coin for greece. It's not like there are many requirements besides being able to use it as currency and the means to exchange for EUR (which would prob be set up by greece if they decided to go that route).

I don't know of any coin that could be used as a currency of a whole nation. The scalability just isn't there.

That's actually a good point.

If the coins offers asset to asset exchange, then why not? Eg 30 assets of eggs for 17 assets of tomatoes

I don't think in a scenario like this anyone would be using an asset exchange. You go to the market just like you do know and then pay with %insertrandomroin% instead of EUR. Do you honestly believe all of a sudden small markets would start to put their entire investory into an asset exchange ? Not only would it be incredibly cumbersome it would imho also be unneccesary.

In days of crisis and in days where economy was absent, wasn't everything dealt with exchanging objects?
hero member
Activity: 980
Merit: 1001
I don't know of any coin that couldn't be used as a coin for greece. It's not like there are many requirements besides being able to use it as currency and the means to exchange for EUR (which would prob be set up by greece if they decided to go that route).

I don't know of any coin that could be used as a currency of a whole nation. The scalability just isn't there.

That's actually a good point.

If the coins offers asset to asset exchange, then why not? Eg 30 assets of eggs for 17 assets of tomatoes

I don't think in a scenario like this anyone would be using an asset exchange. You go to the market just like you do know and then pay with %insertrandomroin% instead of EUR. Do you honestly believe all of a sudden small markets would start to put their entire investory into an asset exchange ? Not only would it be incredibly cumbersome it would imho also be unneccesary.
legendary
Activity: 1512
Merit: 1000
If the coins offers asset to asset exchange, then why not? Eg 30 assets of eggs for 17 assets of tomatoes

The problem is the distance. A barter economy usually workin well in local communities, but what will happen if the seller of the 30 egg assets located in northern Greece and the physical tomato assets are in Crete... However if it's a local community then they don't need any coins.
legendary
Activity: 1246
Merit: 1000
Just FYI Naut coin is going to be tested as a digital currency in a small Greek community.

http://www.cnbc.com/2015/07/08/greek-island-agrees-to-test-digital-currency-commentary.html
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
If the coins offers asset to asset exchange, then why not? Eg 30 assets of eggs for 17 assets of tomatoes
hero member
Activity: 966
Merit: 1003
I don't know of any coin that couldn't be used as a coin for greece. It's not like there are many requirements besides being able to use it as currency and the means to exchange for EUR (which would prob be set up by greece if they decided to go that route).

I don't know of any coin that could be used as a currency of a whole nation. The scalability just isn't there.
hero member
Activity: 980
Merit: 1001
I don't know of any coin that couldn't be used as a coin for greece. It's not like there are many requirements besides being able to use it as currency and the means to exchange for EUR (which would prob be set up by greece if they decided to go that route).
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
I’m wondering if the current situation in Greece confirms my words regarding the Barter economy.

Reuters : Hay for cheese? Barter booms in cash-squeezed rural Greece
ZeroHedge : Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation

Quote
Quotation from Beyond Bitcoin Bonus Hangout - Qora : A Decentralized Web

"I believe there is something good in Qora that I would like to see it in an economy and hopefully in Greek economy. As I said before we have on Qora the asset exchange which gives you the ability to trade assets with assets.
This is the barter exchange, this is a kind of economy that does not need money. I am in Greece, we are a society that has many problems right now due to the financial crisis, economic crisis in Greece we have many problems. We have seen in the road we have a lot of homeless people, we have a lot of unemployment people, we have a lot of debts to pay. And the Greek society is actually driven by those big concerns. Why not introduce a feature that will let you directly change/trade your needs. I mean, I am a Developer, I can create a website and I will be rewarded by a restaurant that I have been working for it’s website. This is the barter exchange, this is a feature of Qora and to me this is a helpful movement for a society, an idea that can be really be implemented into society and may solve part of the problem, not of course the debt problem and everything, but I’m trying to expose a feature that Qora has and the problem that is here and how this can be tied in."


As Greece reverts to Barter Economy, could Qora be the mechanism that will be used for this?

EDIT:
What do you guys think about this? Could Qora be used as a coin of Greece? Yanis Varoufakis had made several announcements regarding a possible national digital currency for Greece in the past.

I've listened to the hangout and the dev has some very interesting insights.
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