That’s quite a read, Stephen. Very stimulating. I don’t think I got the total logical flow, but feel like I followed most of it. I’ll give it another read. Thanks for this.
Ha ha, it was quite a write! And considering it distils over 10 years of work, I'm delighted you were able to follow most of it, Mark.
I wrote it following recent conversations with the decentralised digital fraternity, including blockchain developers who have already spent millions trying to scale the Mutual Credit model — on the false assumption that it works (is fit for purpose) at a local level and can therefore scale.
At the heart of the matter is a simple fact: money no longer has inherent value. It's simply a way to exchange the "things" we humans regard as valuable. But value can't be calculated as easily as money, so our double-entry ledgers substitute currency for actual value equations. My DVC model fixes that — and in turn opens the door to a new way of understanding the value impact (on us humans) of any system in motion when a new "thing" is introduced.
And since we're practically neighbours — next time I see you at the cafe, the coffee's on me and I'll happily walk you through the logical flow. It's a lot to take in on one pass!
That’s quite a read, Stephen. Very stimulating. I don’t think I got the total logical flow, but feel like I followed most of it. I’ll give it another read. Thanks for this.
Ha ha, it was quite a write! And considering it distils over 10 years of work, I'm delighted you were able to follow most of it, Mark.
I wrote it following recent conversations with the decentralised digital fraternity, including blockchain developers who have already spent millions trying to scale the Mutual Credit model — on the false assumption that it works (is fit for purpose) at a local level and can therefore scale.
At the heart of the matter is a simple fact: money no longer has inherent value. It's simply a way to exchange the "things" we humans regard as valuable. But value can't be calculated as easily as money, so our double-entry ledgers substitute currency for actual value equations. My DVC model fixes that — and in turn opens the door to a new way of understanding the value impact (on us humans) of any system in motion when a new "thing" is introduced.
And since we're practically neighbours — next time I see you at the cafe, the coffee's on me and I'll happily walk you through the logical flow. It's a lot to take in on one pass!