Replying to Avatar inventor

Doesn't need to.

You issue tokens for your goods/services. No need for currency other than your commitment to give, for example, one hour of labor for each token.

Everyone in the network does the same.

Failure to honor token redemption results in reputation loss.

How much of their stuff you get in exchange for yours is determined by expectations defined by both parties beforehand in their respective token issuance smart contracts, and calculated automatically by the network (fairly simple algorithm).

This should work well for medium-sized communities.

No more "prices", no more speculation of any kind, no inflation (or deflation), only reputation and commitment.

100% networked barter.

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joe 1y ago

That is retarded.

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inventor 1y ago

We already did it in a small community, pre-computer era, it works.

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joe 1y ago

Go read The Bitcoin Standard. It taught me a lot of the basics that you're missing here.

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inventor 1y ago

That you can't mention because you got zero field experience on this topic.

I do have it.

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joe 1y ago

Dude I'm just going to block you if you keep pestering me with retarded ideas. Please stop.

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