@udon @TerminalAutism @digdeeper @ryo Google started out as a CIA project. Facebook started out as a DARPA project (look up LifeLog). Microsoft got it's power thanks to intellectual "property" laws (which wouldn't exist in real capitalism). Big Tech is a government creation.
@ryo @TerminalAutism @digdeeper @udon People don't realize that anything can be used as a money. The ideal ancap society would probably use something like gold or silver (which cannot be created unless you can add/remove protons from atoms) for money or just use simple bartering in some cases. There will probably be parallel markets, each accepting their own money.
Money is just an extension of the barter system which seems to be innate within humans. Even primates barter food for services like picking lice.
And before anyone brings up "primitive communism" nonsense, hunter-gather societies didn't distribute goods "in each according to his need". Food was distributed on a borrowing or lending basis. Food was given only to those who would do something in return. People who worked more often earned more food and had more priority. So yeah, it was basically a barter system. They even bartered with other tribes.
@TerminalAutism @digdeeper @ryo @udon
>Maybe we should just use rounds of ammo, that could be a good currency!
My Dad told me I should invest in lead because people would be manufacturing bullets when the economy collapses.
But yeah, I do think that something like ammo could be a good option, as long as it's worth what it's actually worth, and not some arbitrary value, and as long as anyone can manufacture it. Inflation would be limited by the manufacturing cost, and at some point making more of it simply wouldn't be worth it. There may be some horrible flaws with that idea, though. I would have to think about it a lot more.
Using certain foods, rice was used in the past, could also work, because anyone can grow it, but if it's too abundant and loses too much value, people won't grow as much of it and will also consume more. So, inflation is actually quite difficult. The problem with doing that nowadays is obvious, though, like needing a truckload of rice to pay for anything.
Honestly, I think fiat can work, if done correctly. First of all, get rid of fractional reserve banking, and of the "Federal Reserve". Here is an idea that I had one day and saved:
"I had an idea in the shower today, though, that could eliminate all government debt AND inflation. And the idea was… print enough money to pay all the debt, and then implement a tax for banks that scales with inflation. The higher the inflation, the bigger the tax. And the money collected from that tax is destroyed. When it gets to 0% inflation, then the tax will be 0%. That will force the banks to keep inflation low and to not lend too much. Oh, and ban fractional reserve banking. So, they can only lend what they actually have. No more. No creating money from nothing. If done right, this would pay off all the debt, and it would reduce the inflation to zero. Well, if I'm right, at least."
The Jew hates this idea.