May 15, 2013 at 17:20Kriya Money. Part 1. Introduction
Kriya Money. Part 1. Introduction
KriyaMoney. Part 2. The idea of
KriyaMoney. Part 3. Theory of
KriyaMoney. Part 4. Problems and their solutions
KriyaMoney. Part 5. Software implementation * Why exactly this name will explain in the third part. As a comment on the article Designing a Payment System I want to express my opinion. Digression: Before reading this article, I recommend that you also familiarize yourself with the article The Economic Future of Bitcoin in 10-20 Years and Further , which very clearly explains where the money came from and what it really is. Now for the article Designing a Payment System
. I like the general idea, but, in my opinion, the way of labor assessment in Joules (Electrojoules) is not correct. Still, money (means of payment) cannot be rigidly tied to one resource (including one energy resource).
Judging by various materials on the Internet, the 2008 crisis in the United States and the 2010 crisis in Russia is only the beginning of a global economic crisis. (I do not provide links so that they do not count for advertising and, in addition, Habr - not for politics ). However, you need to do something about it.
Namely, you need to find a convenient and reliable way to pay for various "benefits", you need a convenient tool for investing, you need a convenient tool for accumulation. In general, we need a reliable system that can fulfill the role of money. I note that here I mean money as a free payment instrument, and not as a tool for managing people. (I will not develop this topic in detail here.)
robux in the article Designing a payment system wrote:
Some points are controversial, but the insecurity of almost all existing modern money is clear to many (although not to everyone). You can read a little more about this on Wikipedia: Fiat money , Money illusion . And, as an example of real money, I propose to see the following link: Sochi hour .
I would note the following shortcomings of the existing system *:
1) lack of money;
2) centralization of emissions;
3) as a result, the suppression of alternative emitting centers in various ways (up to direct military aggression);
4) a very non-transparent distribution of new money received during the issue.
* Apparently, at the moment we have one monetary system (FRS), but in the future, the appearance of similar large settlement systems with emission independent of the Fed. But this is not so important. The main thing is not the security of the “tsiferka” no matter how they are called and whoever released them.
We list real money:
1. Material resources (gold, silver, oil, salt, matches, animal skins );
2. Time ( Sochi hour );
3. Knowledge.
Consider each option in more detail.
Material resources at all times were considered a good means of payment. I note that the category of real money can also include the Electrojoule proposed in the article Designing a Payment System . But material resources are not always convenient for calculations.
For example, you have a ton of coal and you need to get a haircut. But the hairdresser does not need coal. He needs, say, bread. But the baker does not need a trim or coal. In general, you need to create complex chains for the exchange of natural goods. It is not comfortable.
As a universal means of payment, you can use rare long-stored materials (gold, silver, rare shells, etc.). But this is not always convenient, because There are serious risks when transferring a means of payment from buyer to seller (theft is difficult to carry a significant amount with you).
You can store gold in a safe place (in the bank), and for calculations use a paper receipt of the bank (banknote) with confirmation that the gold in the indicated amount is actually stored in the indicated bank. However, as you know, people greedy and bankers at one time learned to dispose of other people's gold as their means of issuing credit money not secured by real resources.
Time (more precisely, working hours ) is an interesting payment resource. But each person works differently. And even the same work can be done with different results. Still, it is more correct to evaluate labor, not as time spent or energy spent, but to evaluate the usefulness of the result.
Knowledge is a very important value. But at the moment it is not clear how they can be quantified. As an example of the use of knowledge as real value, various production technologies (including technology for creating program code), as well as business processes, can be cited . To create a business you need to have knowledge of all the processes of functioning of this business. But evaluating business processes is also very difficult.
However, I believe that knowledge as a real value is very important. And perhaps once knowledge will become real wealth, and the transfer of knowledge will become a universal means of payment. At the same time, how to produce knowledge mining (Knowledge Mining) and how to evaluate the quality of knowledge is still not entirely clear.
There were comments on the article ( Payment System Design ) that Bitcoin is much more understandable, the emission is stable and hard-coded by the algorithm, etc. Naturally, it would be better to spend the computing resources of computers on the “mining” of bitcoins on more useful calculations, but at the moment the Bitcoin system is closest to ideal money.
However, I will try to list what are the disadvantages of the Bitcoin system:
1. Computational resources are spent absolutely mediocre. In fact, computing power heats the air for the chance of getting a block.
2. The issue of new money is not for really useful work, but as if it is a lottery (I want to write a scam).
3. The emission of funds gradually slows down, which will lead to natural deflation.
Wikipedia: Deflation is an increase in the purchasing power of the local currency, which is manifested in a decrease in the price index. In fact, deflation is inflation with negative price growth rates. However, for a number of reasons, it is regarded as a less favorable factor than inflation.
Deflation is dangerous in that it becomes profitable to keep money in the “capsule” (to accumulate funds), rather than spend it. Why do something if the available money only rises in price. This leads to a drop in the turnover of money and, as a consequence, to a drop in the growth of production and the economy as a whole.
Continuation: KriyaMoney. Part 2. Idea
KriyaMoney. Part 2. The idea of
KriyaMoney. Part 3. Theory of
KriyaMoney. Part 4. Problems and their solutions
KriyaMoney. Part 5. Software implementation * Why exactly this name will explain in the third part. As a comment on the article Designing a Payment System I want to express my opinion. Digression: Before reading this article, I recommend that you also familiarize yourself with the article The Economic Future of Bitcoin in 10-20 Years and Further , which very clearly explains where the money came from and what it really is. Now for the article Designing a Payment System
. I like the general idea, but, in my opinion, the way of labor assessment in Joules (Electrojoules) is not correct. Still, money (means of payment) cannot be rigidly tied to one resource (including one energy resource).
Judging by various materials on the Internet, the 2008 crisis in the United States and the 2010 crisis in Russia is only the beginning of a global economic crisis. (I do not provide links so that they do not count for advertising and, in addition, Habr - not for politics ). However, you need to do something about it.
Namely, you need to find a convenient and reliable way to pay for various "benefits", you need a convenient tool for investing, you need a convenient tool for accumulation. In general, we need a reliable system that can fulfill the role of money. I note that here I mean money as a free payment instrument, and not as a tool for managing people. (I will not develop this topic in detail here.)
Disadvantages of the existing system
robux in the article Designing a payment system wrote:
System deficiencies
1) lack of money with a specific guarantor
2) currency war, exchange rate fluctuations
3) global centralization of emissions in the Fed of the United States of America
4) suppression of auto emission, suppression of alternative issuing centers
5) degeneration of the international distributed system of debt receipts
Some points are controversial, but the insecurity of almost all existing modern money is clear to many (although not to everyone). You can read a little more about this on Wikipedia: Fiat money , Money illusion . And, as an example of real money, I propose to see the following link: Sochi hour .
I would note the following shortcomings of the existing system *:
1) lack of money;
2) centralization of emissions;
3) as a result, the suppression of alternative emitting centers in various ways (up to direct military aggression);
4) a very non-transparent distribution of new money received during the issue.
* Apparently, at the moment we have one monetary system (FRS), but in the future, the appearance of similar large settlement systems with emission independent of the Fed. But this is not so important. The main thing is not the security of the “tsiferka” no matter how they are called and whoever released them.
What are the alternatives?
We list real money:
1. Material resources (gold, silver, oil, salt, matches, animal skins );
2. Time ( Sochi hour );
3. Knowledge.
Consider each option in more detail.
Material resources
Material resources at all times were considered a good means of payment. I note that the category of real money can also include the Electrojoule proposed in the article Designing a Payment System . But material resources are not always convenient for calculations.
For example, you have a ton of coal and you need to get a haircut. But the hairdresser does not need coal. He needs, say, bread. But the baker does not need a trim or coal. In general, you need to create complex chains for the exchange of natural goods. It is not comfortable.
As a universal means of payment, you can use rare long-stored materials (gold, silver, rare shells, etc.). But this is not always convenient, because There are serious risks when transferring a means of payment from buyer to seller (theft is difficult to carry a significant amount with you).
You can store gold in a safe place (in the bank), and for calculations use a paper receipt of the bank (banknote) with confirmation that the gold in the indicated amount is actually stored in the indicated bank. However, as you know, people greedy and bankers at one time learned to dispose of other people's gold as their means of issuing credit money not secured by real resources.
Time
Time (more precisely, working hours ) is an interesting payment resource. But each person works differently. And even the same work can be done with different results. Still, it is more correct to evaluate labor, not as time spent or energy spent, but to evaluate the usefulness of the result.
Knowledge
Knowledge is a very important value. But at the moment it is not clear how they can be quantified. As an example of the use of knowledge as real value, various production technologies (including technology for creating program code), as well as business processes, can be cited . To create a business you need to have knowledge of all the processes of functioning of this business. But evaluating business processes is also very difficult.
However, I believe that knowledge as a real value is very important. And perhaps once knowledge will become real wealth, and the transfer of knowledge will become a universal means of payment. At the same time, how to produce knowledge mining (Knowledge Mining) and how to evaluate the quality of knowledge is still not entirely clear.
But what about Bitcoin?
There were comments on the article ( Payment System Design ) that Bitcoin is much more understandable, the emission is stable and hard-coded by the algorithm, etc. Naturally, it would be better to spend the computing resources of computers on the “mining” of bitcoins on more useful calculations, but at the moment the Bitcoin system is closest to ideal money.
However, I will try to list what are the disadvantages of the Bitcoin system:
1. Computational resources are spent absolutely mediocre. In fact, computing power heats the air for the chance of getting a block.
2. The issue of new money is not for really useful work, but as if it is a lottery (I want to write a scam).
3. The emission of funds gradually slows down, which will lead to natural deflation.
Wikipedia: Deflation is an increase in the purchasing power of the local currency, which is manifested in a decrease in the price index. In fact, deflation is inflation with negative price growth rates. However, for a number of reasons, it is regarded as a less favorable factor than inflation.
Deflation is dangerous in that it becomes profitable to keep money in the “capsule” (to accumulate funds), rather than spend it. Why do something if the available money only rises in price. This leads to a drop in the turnover of money and, as a consequence, to a drop in the growth of production and the economy as a whole.
Continuation: KriyaMoney. Part 2. Idea