Hi everyone. I have known about Bitcoin since 2013 and have been in the crypto space for years, and have had an account here lurking for a long time. But this is probably my first post.
I recently started interviewing people including Noam Chomsky (sociopolitical), Thomas Greco (economic), and Sara Hanks (regulatory) aspects of new payments systems and money. I think that if we don't build a decentralized payment system that can scale to handle an unlimited number of transactions around the world, we'll end up in a world where central banks of China and USA have their own digital Yuan and Dollar, and the whole monetary policy would be a lot more centralized. It'll be their world and we'll just live in it, just like we now live on privately-owned Big Tech platforms for our communication. We need a decentralized, open-source solution. Bitcoin is great as a store of value, but actual CURRENCY (money) needs to also be an EVERYDAY medium of exchange. So we need new technologies to make that happen.
This video is more about the economic aspect, though. It talks about the current money supply being issued by governments and banks, and what an alternative could look like. Money is a community phenomenon, like language, religion and culture, it benefits from a network effect. You speak English because others do. You pay with dollars because others will accept them. You are on Facebook because your friends are.
Anyway, I would love to have a discussion about the economics of having each community issue their own currency. Here is the video:
https://www.youtube.com/watch?v=EUacCM299zEAnd here is a presentation of a possible future:
http://intercoin.org/communities.pdf