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Kalle Pihlajasaari's avatar

I never knew about digital gold systems. Great write-up.

What are your thoughts on bitcoin having been created by a TLA with a deep hidden vulnerability that can sink it when the time comes_ How will bitcoin thrive if the Internet fails and only StarLink is available and Musk says no to blockchain traffic. Are there people who are investigating a fallback method of moving blocks if they are blocked by filters?

The only alternative before bitcoin that I had stumbled upon was the system of time banking using "talents" I think for a currency that was created only through the generation of a debt when a new member made purchases before they had earned any. This made the pool of currency controlled by the number of members and the amount of debt they were willing to extend to individual members, I think it was suggested at about US$200 or so.

This was the organisation. It has grown quite large and is in Finland as well though frowned upon by the tax authorities and social services means testing rules.

https://www.ctte.org.za/about-ces/

Recently I found an alternative local food system called REKO Rings but this is using regular fiat and simply a way to eliminate the small retail shops by assisting direct from farmer purchases if customers do not want to support the retail giants.

https://growingformarket.com/articles/reko-ring-new-way-presell-online

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