Me: I would say that we need to implement the policies of Social Credit first…then, if it can be assured that block chain isn’t just the confusion of chaos with decentralization and freedom maybe it could be integrated into the system. Palliatives and reforms don’t seem to recognize that there are a million steps forward (or backward) from point one to point two toward an actual solution, while a solution, like a new cognition (a first time recognition)….leaps all the way to the goal.
Social Credit, and the other monetary and economic reforms like Steve Keen’s Disequilibrium/Minsky Financial Instability Hypothesis, Michael Hudson’s Financial Parasitism, MMT’s understanding that a fiat money system could be directly distributive and Ellen’s Public Banking movement need to integrate their efforts. Monetary and economic theory needs an integrated platform that strengthens them all and from which a mass movement directed at the correct and very large constituencies can take hold and push the entire political apparatus toward the actual goals and solutions.
I’m attempting to formulate this myself with my Wisdomics-Giftonomics/Gracenomics so as to innovate and extend policies that are aligned with the concept of the new monetary paradigm of Direct and Reciprocal Monetary Gifting and the philosophical concept behind even that new paradigm grace/graciousness.
EB: I see Ripple (XRP) and Corda (R3) have a lawsuit against each other over rights. I don’t see Corda or R3 listed on coinmarketcap.com. Maybe it’s not a currency. Bitcoin is the runaway leader because people think it will replace the dollar, but it can’t. Bitcoin is also the reserve currency for the others, since you usually have to buy bitcoin first. Ripple could be used in conjunction with the dollar to create a sort of Fedcoin that was honest and immutable; I think that would be a good thing. The money supply could be regulated by algorithm without human Fed meddling (since they always seem to get it wrong) to assure that demand is sufficient to meet supply, something on the order of social credit. I’ll have to research Corda.
Me: “The money supply could be regulated by algorithm without human Fed meddling (since they always seem to get it wrong) to assure that demand is sufficient to meet supply, something on the order of social credit. ”
Here’s the problem/misunderstanding with that:
You can’t cost cut your way to economic/monetary stability in an inherent individual monetarily austere and cost inflationary system…..unless you deal with both its individual monetary austerity and the cost inflationary nature….and that’s what the Discount and Dividend policies do. Bitcoin et all only cut costs.
Now, you’re actually not home yet because the economy is a dynamic process that is continually out of equilibrium, in fact any system embedded within the temporal-physical universe CANNOT remain in equilibrium because time and matter…..don’t stand still. Hence a mere statistical equilibrium won’t get you where you want to go which is stability…or rather free flowingness. Douglas’s/the social credit insight is summed up in the dynamically aware phrase “the rate of flow of total costs/prices exceeds the rate of flow of total individual incomes.” In other words the problem is the dynamically dragging to a stop scarcity ratio between costs/prices and individual incomes….and the resolution of that problem is an inversion and transformation of that ratio….into an abundance ratio.
If you look at every true paradigm change you can perceive that they are all inversions of problematic ratios, inversions of position and primacy of systems. The paradigm change from Hunting and Gathering to Agriculture was the inversion of nomadically moving around to obtain the earth’s abundance to staying in one place and creating even more. The Copernican helio-centric paradigm change was the inversion of position and primacy of the sun and earth.
Walking is a dynamic process of controlled movement to a stopping point. Flying is a dynamic process of controlled falling. Orbital insertion is a dynamic process of (almost) continual free fall. The business cycle is basically an expression of the sine curve of a failed orbital insertion.
And the inversion of the scarcity/austerity ratio identified by Douglas into an abundance ratio is the dynamic paradigm changing equivalent of systemic orbital free fall/free flow.
And then, if security, further technological cost cutting-efficiency and anti-social-criminal input can be further eliminated by block chain…so be it.