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The future potential of techno-barter in relation to monetary economics.

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by COINS NEWS 86 Views

Before i start this topic, i shall need to disclaim that i know i should tread lightly here. I have always been extremely interested throughout my life in theoretical economics, especially alternative and non-monetary economics. It would be hard to briefly explain the way i think, for anyone who knows the zeitgeist movement lets say that there are a number of similarities to it. Things like Resource based economics, even when its not necessarily the most worked out concept, has inspired me in what regards matters of how contemporary economics work and especially what regards "economic efficiency" within monetary systems. Either way, i do not necessarily expect the community to disagree on the notion that contemporary monetary policy's of nations have a lot to be critical about. It would as such atleast likely for this community be considered that cryptocurrency is exactly something that deviates from state controlled currency and that this might be "at the crux of a solution", whereas my larger interest and critique to the system is that currency is being used to such a degree to begin with for economic exchange, and that not using money at all is "at the crux of the solution".

In the past, i had to explain in difficult lengths how even a complex modern economic system of goods exchange could work with ought money, because money facilitates easier exchange of goods as opposed the most common understood alternative of it which is classical barter. Techno-barter however, as a concept, is a form of modernized barter that can lift the limitations that classical barter had on exchange and which historically made humanity move to monetary systems atleast in many country's that would later dominate, notably the west.Picture it as a large IT based trading network, a marketplace for goods where combinations can be made of "exchange in parts" and "exchange via multiple actors at multiple locations" The point is that modern information technology allows for a far far more powerful and useful variant of barter, which thus we can call "techno barter", and thus this can exist as an alternative of exchange.

And notably as it evolves it might come to compete with other forms of exchange. Indeed, whereas i see that it starts to get some life in an embryotic phase as is, i expect that there will be quite some evolution in it in the decades to come. And so while this is "very much speculative", crypto often is just of that nature too, with many people investing in it because the perceive it as "the inevitable future". I'm just not so sure about it, because in a future where forms of non monetary systems of exhange like techno barter could rise, perhaps even they could become so usefull and popular that one day they might dominate and drive any form of currency to lower use.

Perhaps the reason why im a bit careful with this topic is that it does not necessarily spell out anything positive for the future of crypto, au contraire perhaps, and that from another perspective it's a very complex matter of discussion especially with contemporary society's and their politics in mind. Some would say "money is power", and perhaps even those who crave power would not cherish the thought of moneyless systems of exchange dominating society as opposed to those monetary systems upon which they have control.

submitted by /u/Rik_Ringers
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