Category: Future Money, Future Problems

Var­i­ous cur­ren­cies are com­mon­ly accept­ed and used for the trade of goods and ser­vices. With the advent of cryp­toe­co­nom­ics and decen­tral­ized finance we see cur­ren­cies that no longer act as just 'mon­ey,' val­ue indexed on pro­cess­ing pow­er, seem­ing­ly cre­at­ed out of thin air. In future economies could we trade in rep­u­ta­tion, inter­net hype, likes, bio­di­ver­si­ty, tok­enized frus­tra­tions, good inten­tions, com­plete­ly arbi­trary things, or just not trade? And what would be the micro- or macro­eco­nom­ic impli­ca­tions of such new systems?