Fundamentally there are two positions, One Centralised FIAT Currency on one extreme and at the other an infinite number of ( Complementary, Competing) Crytpo’ and FIAT Currencies and other means of exchange’.
With the Crypto Market being at around 500 billion dollars it registers as a Player sized entity in the regular Markets of Capitalism it poses a risk only in the danger that it sets a Good example that challenges Petro Dollar Hegemony.
https://www.zerohedge.com/news/2018-05-10/cryptos-crash-after-nvidia-forecasts-big-drop-mining-demand
This Tweet I responded to yesterday is something of the scale of the situation and in the Old Adage of First they Ignore, then they Laugh and then they Fight then you win.
Winning is a curious Notion as in a functioning monetary system there is no winning only taking part.
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Mighty Oaks from Little Acorns. or perhaps the Longest March begins with a single Step. http://letthemconfectsweeterlies.blogspot.se/2018/04/re-opinion-turning-against-maywait-to.html … Daniel not endowed with any prescient forsight I see. https://letthemconfectsweeterlies.blogspot.se/2018/03/energy-returned-on-energy-invested.html …
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https://letthemconfectsweeterlies.blogspot.se/2018/05/to-richard-murphy-and-mmt-witch-finder.html … … #TurkeysandChristmas #So what do you know about money John or more precisely what are you beliefs about money?
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The establishment Gatekeeper position on Centralised IBS models of International Floating exchange rates and debt based money has been taken up by Richard Murphy the Tax Evangelist.
http://www.taxresearch.org.uk/Blog/2018/05/06/why-positive-money-is-wrong/comment-page-1/#comment-805559
All of the comment I made on the discussion have been removed but I kept copies in this series of Posts. Richard Murphy and the MMT School knowingly or not are carrying water for the Status quo which is effectively privatised and centralised money creation as debt based instruments. People like Richard Murphy, Mosler, Wray and Mitchell are frankly part of the problem.
http://letthemconfectsweeterlies.blogspot.se/2018/05/why-richard-murphy-disagrees-with.html
http://letthemconfectsweeterlies.blogspot.se/2018/05/to-richard-murphy-and-mmt-witch-finder.html
http://letthemconfectsweeterlies.blogspot.se/2018/05/mmt-and-money-creation-reading-lists-my.html
This recent discussion between Keen and Mosler is worth struggling through, Mosler clearly shows how he is on the Ought side of the Is Ought Dichotomy.
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Thanks for this series of tweets. There are better ways of doing Money EROI or emboddied energy metrics is the key. DIstributed Computing & smart contracts make direct democracy and real time Means of exchange accounting possible now! http://letthemconfectsweeterlies.blogspot.se/2018/03/energy-returned-on-energy-invested.html … …
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Thanks for this series of tweets. There are better ways of doing Money EROI or emboddied energy metrics is the key. DIstributed Computing & smart contracts make direct democracy and real time Means of exchange accounting possible now! http://letthemconfectsweeterlies.blogspot.se/2018/03/energy-returned-on-energy-invested.html … …
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Thanks for this series of tweets. There are better ways of doing Money EROI or emboddied energy metrics is the key. DIstributed Computing & smart contracts make direct democracy and real time Means of exchange accounting possible now! http://letthemconfectsweeterlies.blogspot.se/2018/03/energy-returned-on-energy-invested.html … …
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Energy Returned on Energy Invested, Surplus Energy Economics Data Base ( SEEDS) Embodied Energy CIrcular Economy. http://letthemconfectsweeterlies.blogspot.com/2018/03/energy-returned-on-energy-invested.html …
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Crypto Currency Exchanges, No News is Good News and All News is Bad News. http://letthemconfectsweeterlies.blogspot.com/2018/05/crypto-currency-exchanges-no-news-is.html …
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Energy Returned on Energy Invested, Surplus Energy Economics Data Base ( SEEDS) Embodied Energy CIrcular Economy. https://letthemconfectsweeterlies.blogspot.com/2018/03/energy-returned-on-energy-invested.html …
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