Perspectives on Financial Cryptography
* I present for your consideration some
debatable propositions
about financial systems and financial cryptography.
* Warning: the propositions expressed may or may not be believed by the author, and may be phrased in a deliberately provocative manner. They may contradict each other.
Internet money ==
Interstellar money (?)
* P1: There is little difference between Internet payment schemes and interstellar payment schemes.
* In 2097, you will buy info off the GGG (Grand Galactic Grid) with “starbucks.”
Most schemes don’t work well.
* P2: Historically, most payment schemes haven’t worked very well.
* Ref: Weatherford, History of Money.
* Commodities (metal, tobacco, wampum, cocoa beans)
* weighing, purity, quality, deterioration, transportation, storage, theft.
* Coins [Lydia, 630 B.C.]
* Shaving, debasing, theft, government abuse.
Perspectives on Financial Cryptography.ppt
Category : Make Money
Website : people.csail.mit.edu
Language : English
Size : 84 Kb
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