Funnymoney: Difference between revisions
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Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the [[OSE Bank]]. | Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the [[OSE Bank]]. | ||
Full Reserve Banking (FRB) is a solution. Open Source Microfactories plus global collaborative open design are the substance behind FRB, and more than that: they are abundance, as at this point of [[Kardashev Scale]] each person can be 100-1000x more wealthy without collapsing natural life support systems. | |||
Revision as of 18:50, 18 January 2023
Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the OSE Bank.
Full Reserve Banking (FRB) is a solution. Open Source Microfactories plus global collaborative open design are the substance behind FRB, and more than that: they are abundance, as at this point of Kardashev Scale each person can be 100-1000x more wealthy without collapsing natural life support systems.