Topic: Would society function better without money? (Read 25 times)
Ofcourse, this works best with products with long shelf life for longterm holding of the cards or NFTs. You could for this reason naturally preserve "perishable foods" to last longer
Bartering is not as primitive as people may think it is. It can be greatly improved to be effective and efficient.
For example, we could have Product & Service Marketplace where people can swap what they have for their needs. If you are carpenter who needs fish, you simply advertise your service on the marketplace and request to be paid with fish. The marketplace merges you with someone in need of your service who may not necessarily have fish but has other product to exchange for fish within the marketplace. He swaps his product for fish with the marketplace exchanger whose role is to automatically merge peers that have what each other need. Or the exchanger own/has lots of products and services he exchanges with people who needs them for what they have. Once the carpenter's job is done, he gets paid with the fish. This swapping happens instantly and effortlessly.
People can swap as much products (that have been safely stored and locked individually somewhere) as they want , with the keys (which could be in digital form) instantly given to their new owners once the product exchange is completed.
You could imprint the keys and the product description on some sort of digit card (like nft) to resale the products. It was for this reason that nft was invented, unfortunately it's used for things that are not very useful
One very important advantage of this method is that is acts as hedge against inflation, as it's better to hold your products/nft longterm than fiat
For example, we could have Product & Service Marketplace where people can swap what they have for their needs. If you are carpenter who needs fish, you simply advertise your service on the marketplace and request to be paid with fish. The marketplace merges you with someone in need of your service who may not necessarily have fish but has other product to exchange for fish within the marketplace. He swaps his product for fish with the marketplace exchanger whose role is to automatically merge peers that have what each other need. Or the exchanger own/has lots of products and services he exchanges with people who needs them for what they have. Once the carpenter's job is done, he gets paid with the fish. This swapping happens instantly and effortlessly.
People can swap as much products (that have been safely stored and locked individually somewhere) as they want , with the keys (which could be in digital form) instantly given to their new owners once the product exchange is completed.
You could imprint the keys and the product description on some sort of digit card (like nft) to resale the products. It was for this reason that nft was invented, unfortunately it's used for things that are not very useful
One very important advantage of this method is that is acts as hedge against inflation, as it's better to hold your products/nft longterm than fiat
chaotic
barter only works in small communities where everything is fair, but when you move to other cities that have other economics and life costs it gets chaotic. then county to county, state to state country to country. the worse exchange rates get and barter agreements fracture
money/medium of exchange is not the problem.. its money that loses value the longer you hold it that is the problem, no one wants to hold onto it, save it, value it. they just want to get rid of it as soon as possible
inflationary money has one purpose, inspire people to spend spend spend, consume consume consume. and not value what money they have but instead value possessions they can get
barter only works in small communities where everything is fair, but when you move to other cities that have other economics and life costs it gets chaotic. then county to county, state to state country to country. the worse exchange rates get and barter agreements fracture
money/medium of exchange is not the problem.. its money that loses value the longer you hold it that is the problem, no one wants to hold onto it, save it, value it. they just want to get rid of it as soon as possible
inflationary money has one purpose, inspire people to spend spend spend, consume consume consume. and not value what money they have but instead value possessions they can get
If we removed money and replaced it with a barter or resources-based economy, would the world be more fair or more chaotic?
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