Talk:Abundance token

As much as i dislike the Financial System/MBA Types/Ghoulish Consulting Firms / “tHiNK TaNks” (funded by billionaire ones at least),

Tying Currency to Anything Fixed, and especially Labor may be a bit problematic.

I’ll have to dig up historical examples later (although these don’t occur in a vacuum so not exactly scientific; political instability+sanctions/coups etc, but those haven’t worked great

Putting aside historical aspects, it also goes against some of the more foundational/philosophical reasons for using a Fiat Currency over a Gold Standard (/similar mineral / fixed “thing” standard) or what seems to be the new hype, Cryptocurrency as a “Standard”.

It ties in with Microfinance / Microloans , in particular the “ Right to Credit etc, but at least until we reach a Post-Scarcity Non-Capitalist Economic Model as the mainstream system (which i think we are still a ways off from), having a HIGHLY REGULATED Financial Sector running off of Fiat Currency managed from INDEPENDENT Minimally Corrupt Federal Banks etc is the “least bad” option.

Loans allow stuff to be built up/‘’’if not restricted with [[Redlining]’’’] , or done in a predatory fashion (such as IMF policies etc), they CAN raise people out of poverty/raise standards of living in countries (Granted again “for who” is an important aspect of this; it must be across the board and Equitable)

I think Cryptocurrencies have SOME use cases, such as for Cash Transfer / Bypassing Opressive Institutions etc(although the “dual use” potential of this is Corrruption/Money Laundering, re Current USA Administration Crypto-Bribes/Profiteering etc), but in terms of Fundraising / Payment i think using the standard local currency is a better practice.

I can “flesh this out” more later, but yeah that’s my take at least.

--Eric (talk) 13:46, 5 December 2025 (UTC)