To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
We can literally design entirely new mechanisms. Redefine money. Local exchange trading systems with local currencies, new monetary systems and elastic mechanisms that are compatible with open governance. Global mutual credit systems. Shift towards bottom-up. Anti-capitalist. Mutualism. The Agora. Now we get to do Elysium instead.
I assume by being an ‘actual working currency’ you’re talking about speed for instant payments which isn’t a hard problem.
We can literally design entirely new mechanisms. Redefine money. Local exchange trading systems with local currencies, new monetary systems and elastic mechanisms that are compatible with open governance. Global mutual credit systems. Shift towards bottom-up. Anti-capitalist. Mutualism. The Agora. Now we get to do Elysium instead.
I assume by being an ‘actual working currency’ you’re talking about speed for instant payments which isn’t a hard problem.