A true anarchist is not a knee-jerk reactionary against social convention for it's own sake. Not the one who screams 'no rules!', while trying to make everyone else follow theirs.

An anarchist has a code, a set of rules they hold themselves to, not anyone else. An anarchist is one who asks; 'who made this rule, and what purpose does it serve?' before deciding whether or not to follow it.

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#anarchists #anarchy

An anarchist does not drive on the opposite side of the road just because what side to drive on has a rule. But they might treat a red light as a stop sign when there's little or no traffic.

Like models, rules are never universally right, but some are useful. Good rules are guidelines, that help keep us safe. Not policies to be policed, regardless of the likely outcome.

Following rules because they're rules is recorded in history as "just following orders". We know where that leads.

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A couple of days ago I posted about what being an anarchist means to me. Obviously given the way I defined it, I can't determine what it means for anyone else. A contradiction, yes. But one that holds space for flexible ways of understanding that can better respond to our constantly shifting situations.

One thing my freedoms-based definition didn't address though, was how I apply it to political economy. For example, do I believe that all legitimate anarchist politics is anticapitalist?

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So one thing I want to clarify is that although I see "anarcho-capitalism" as just fascism with better branding (Peter Thiel being an archetypal example of where it leads), I do accept that a person can be right-leaning economically, and still be an anarchist.

But there are limits, beyond which this becomes a contradiction in ways that are universalizing, and inflexible (again think of the neoreactionaries defending the freedom to deny others freedom).

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When people claim that property is an inalienable right - like freedoms of expression or association are - then "property is theft", as Proudhon famously put it. But as long as they accept that property is a social agreement, subject to negotiation and consensus, then "property is freedom" (a lesser known quote from Proudhon).

Having said that, being open to the idea of a place for markets in a free society does *not* make an anarchist right-leaning. It just makes them not a Stalinist.

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The reason I'm opposed to markets is I just can't figure out any way that 1) markets would not necessarily lead to authoritarian rule and 2) authoritarian rule would not necessarily be required for markets. So markets both cannot exist in a free society and a free society cannot persist with any sort of market in place. If you could manage it that markets didn't reward bullies and cheats and increase inequality until we're some warlord's bitch, I suppose it'd be fine. But how is that possible?

The best I heard we've managed is different tribes meeting for negotiation and trade. And some mediation strategies to try to handle grievances. But once everyone has to all agree (or be made to agree) on the value of a common currency, it's a downward spiral from there to slavery.

@cy
> So markets both cannot exist in a free society and a free society cannot persist with any sort of market in place

David Graeber covered this in Debt, better than I possibly could. If you haven't read that, I recommend you do. If you have, maybe time for a refresh?

But one argument against what you say here is that it's ahistorical. In his book Life Inc. Douglas Rushkoff pointed out that the importation of the tradition of the bazaar into Europe had a profoundly liberating effect.

Oh, you mean a "free" society. My bad.
@cy
What is the purpose of this snark? How does it help the conversation?
@strypey
Is there ever a purpose to snark? No reason to converse @[email protected] made it clear what they mean.
@cy @strypey What did they mean?
The freedom to do business without government interference.

CC: @[email protected]

@cy
> The freedom to do business without government interference.

This is some serious reading out of context. Did you even read the thread you're replying to? By what tortured logic did you extract that conclusion from references to Graeber and Rushkoff FFS?

@light

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@cy Ok, now I've calmed down a bit, let me flesh out my point and see if it clarifies anything for you.

This turns on how we're defining "business". Does a subsistence farmer selling surplus veges in a bazaar-inspired medieval market, or a baker selling bread there, count as "business"? In the broadest sense, sure, but not in the sense that I think concerns you here.

For this explanation, I'll use 'bazaar' instead of 'market' to avoid confusion with other uses of 'market'.

@light

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Were medieval bazaars free from central government interference (ie the King and the Crown)? Yes, as most governance functions in the Middle Ages were more localised. Nation-state scale government didn't become practical until the emergence of tech like national train networks and reliable postal system, which were originally inseparable from them.

Were bazaars unregulated? certainly not. For a start they existed by the grace of the local landlord and church authorities.

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Within that, a bazaar was a commons, run by and for the community that bought and sold in it. Like any sustainable commons, this required regulation, eg to avoid having stallholders selling poisonous food or faulty goods, or people stealing from stallholders, or anything else that would threaten the market's reputation.

The modern equivalent would be a supermarket run as a multi-stakeholder co-op, where workers, producers and customers all have a stake in ownership and decision-making.

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Is a bazaar or a co-op supermarket the ideal model for food exchange in a community too large to do it by trading veges over the back fence? The question makes no sense to me. There are no 'ideal' models, only what makes the most sense as a response to a given situation.

Gaining this understanding this is one thing that makes slogging through the dense prose of situationist writing worthwhile. Revolutionary Self-Theory isn't too hard a read, and is a good intro;

https://theanarchistlibrary.org/library/larry-law-revolutionary-self-theory

Revolutionary Self-Theory

Larry Law Revolutionary Self-Theory 1975 First published as “Self-Theory: the pleasure of thinking for yourself”, by The Spectacle, USA 1975. This version —...

The Anarchist Library

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Are Farmer's Markets (also inspired by the medieval bazaar) and co-op supermarkets an improvement on corporate supermarkets and their highly centralised, too-big-to-fail supply chains? I think so. Keep in mind that union-driven projects like this were used to build worker self-management in the lead up to the Spanish revolution.

Could there be a place for them in a society run mostly on anarchist principles? On what basis could we suppress them without becoming Stalinists or Red Guards?

@strypey

while i agree with the goals here and am in favour of street markets and bazaars and farmwrs markets and mutual aid networks and worker co-ops and so on...
...i would step back and wonder what are prerequsites for those?

certainly all of the above have in common that they use money owned by the capitalists and billionaires, who would love all the above and then print money for themselves to buy the most popular ppl and products who are happy to receive lots of money we all work for

@strypey

... that IS the centralizing/consolidating/bullying effect @cy mentioned, but imho misleadingly associated it with any kind of market in general, ...its in the money we use.

@serapath
What about Thomas Greco's "credit clearing" institutions or perhaps a decentralised equivalent?
h/t @KevinCarson1
@strypey @cy

@light @KevinCarson1 @strypey @cy imho that has been tried by a project called "Ripple" and it didnt scale so that turned into XRP.

The best or closest system to that today is imho bitcoin lightning and its amazing.

Maybe theres a way to scale the original idea, but it requires imho open supply chain and a massive amount of people keen to try hard to work with this and even then its unclear. if it works we can still switch to it, but bitcoin lightning with open supply chains could get us there

I liked Ripple (and the XRP scam ruined it) but I don't think it has to scale. If I could get a better deal helping someone 500 miles away, I really don't give much of a fuck. If it's good enough to deal with the people who directly help me, with maybe a few levels of separation at most, I'm fine with that. When you try to minimax the whole world you're opening the door to scammers.

In fact there are arguments for lax accounting even between people you're helping directly.

CC: @[email protected] @[email protected] @[email protected]

@cy @light @KevinCarson1 @strypey
feel free to get it started.
i think its super hard and having a transparent supply chain and maybe an app that supports this kind of economic relation might help it to exist in practice.

so far i dont see anyone trying and succeeding.
ripple tried and they stopped.

..if it was a good idea, anyone can start, because since XRP there is now room for somebody picking up the original ripple idea 🙂

i personally think it could be a complementary system to bitcoin

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@serapath
> When you try to minimax the whole world you're opening the door to scammers

This! This is what the design of ATProto tries to do, and why it can't scale without oligopoly;

https://dustycloud.org/blog/how-decentralized-is-bluesky/

> there are arguments for lax accounting even between people you're helping directly

In the context of an ongoing relationship, as Graeber points out in Debt, trying to balance the books is like telling someone you don't want to know them anymore.

@cy @light @KevinCarson1

How decentralized is Bluesky really? -- Dustycloud Brainstorms

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@light
> What about Thomas Greco's "credit clearing" institutions or perhaps a decentralised equivalent?

A guy I know tried to build something like this. They called it "Cashless", which was ... not great, but the concept and the UX design was really good;

https://github.com/CashlessSociety/cashless

They chose SSB as the transport protocol. Which ran into all the same problems most SSB software has. Maybe DAT would be better for this kind of experiment? Don't know.

@strypey

hm.. its web3 scam.
atproto or bsky is as much decentralization theather as ethereum.

the thing you linked uses ganache and infura (owned by consensys) ... basically its trash.

everything with web3 in the name is essentially trash 🤷‍♀️ ....sadly

@serapath
Also uses Infura (centralised Ethereum API)
@strypey

Just for context, the repo I pointed to was an early alpha. Most of the work done was on concept, UX and SSB. The ETH-based prototype was just a PoC.

The goal for Cashless, as with Taler, was for it to be usable with any form of backing. Currency, crypto-tokens, time credits, surplus veges for that matter, whatever people chose to back their time promises with. But unlike Taler, no backing was actually needed. Someone could accept a promise of future work on reputation alone.

@light @serapath

@strypey @light

hm, i dont really understand how its supposed to work.

if its ripple like, they tried that and it didnt work. ...

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@serapath
> dont really understand how its supposed to work

The best person to explain it would be the founder. They gave a talk at a blockchain conference in Te Wanganui-a-Tara when the project was live. I'll try to dig up a recording.

FYI we met through the Aotearoa Indymedia email list. They were involved with the NY group too (the Indypendent, etc), while doing a tech job at a Wall St clearinghouse back in the late 1990s/ early noughties.

@light

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We got to know each other in person through the permaculture and timbanking movements here, and they did a bunch of research and work around timebanking and mutual aid software before starting Cashless.

So they know 'FinTech' inside and out, both from an insider and outsider perspective, and I have absolute trust in their social values, and their commitment to building something that enables large-scale cooperation while re-distributing political-economic power.

@strypey @light
hmm, so
1. coming from a wall street tech job is a red flag regardless - even if they have good intentions, how far outside the box can they even think but fine you say you trust them
2. building a prototype on ethereum is already highly questionable, because ethereum as a baselayer is already inherently broken but okay, maybe it was quicker to bootstrap - but it usually means you are in the ethereum/web3 community
3. the cashless repository has no proper explainer readme either

@strypey @light

usually in order to buzz, some folks get some money to pitch a quick idea and hack something together to attract more people to ethereum/web3 but nobody really cares and once funds are used up those projects die, because nobody in web3 has real believes and values to fight for, they are all mercenaries that vibe and go where money directs them.

Now i could dig out the old website from the wayback machine:

https://web.archive.org/web/20230313224937/https://cashless.social/index

Cashless

@strypey @light

the initial sentence is already very ridiculous:

"we provide trust and transparency"
"but you are your own bank"

what is it now? A or B, cant be both, but maybe they explain what thats supposed to mean later...

@strypey @light

next: distributed, not on central server and not in cloud or blockchain

...thats a mouth full - there is tech that can do this, but i highly doubt they use that - they could mention it - the repository didnt mention it either so sounds like empty words.

next: automonous, you choose whom to accept from, but we provide "credit clearing"... ehh, whats automnomous about it?

there is 0 analysis who is custodial or not.

we can say bsky is decentralized too, but its not 🤷

@strypey @light

The gist imho:

Instead of money issued by banks ppl create credit: payment = promise.

a reputation system - questionable who actually checks (e.g. on linkedin fakers inflate each others skills, like for like, or fake amazon reviews, etc...)

then its reciprocity loops (like bitcoin lightning, but without any anchor)
...and thats even supposed to be done by THEM.

They also want to back it withstablecoins, so essentially who can print them can print in this system too, lol

@strypey @light

they even have a demurrage, so if i help and dont request help from others quickly, my claim melts away ...maybe others let me wait, because the longer they let me wait to help me, the less value my claim has.

also quite strange.
also great for them, because the stable coind that backed it doesnt melt, so they earn . yay :D

they also keep local ledgers, so how to have wide spanning exchange at all?

and then they wishywashy claim AI assisted clearing - ultimate black box

@strypey @light

Basically, imho what you propose does not scale, but i tink its a good mechanism and should be embraced local first by people, but imho when different communities interact we need something that scales beyond friends and local communities and imho bitcoin seems perfect 🙂

if we all adopted it, the divide between poor and rich would start to reverse and no military in the world could do anything about it. its all in our hands and we dont have to beg anyone, we just adopt it

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@serapath
> imho what you propose does not scale

You state this as if it's self-evident. It's not, you need to show your working.

> when different communities interact we need something that scales beyond friends and local communities

This is Cashless was for, and why the backing with other sources of value was being built. If it was friends only, no app would be needed. If it was local-only, reputation would be sufficient backing and a timebank would be fine.

@light @KevinCarson1

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@serapath
> bitcoin seems perfect 🙂 if we all adopted it, the divide between poor and rich would start to reverse

Again, you state this as if it's self-evident and you need to show your working. I see no reason to think that would happen and many, many reason's to think it wouldn't.

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Another thing my friend's app could maybe have made some use of is the Interledger protocol. Are any of you familiar with this?

"ILP is an open, currency-agnostic protocol for transferring funds based on TCP/IP, the protocol that defines the Internet. It was designed for sending packets of money across different accounting ledgers."

https://interledger.org/open-standards

I know the founders used to work at some dodgy places. But I don't judge the Matrix protocol by anything that AmDocs does.

Open Standards

The open standards we steward are governed and developed in collaboration with participating financial services providers, community members and the relevant standard bodies like the World Wide Web Consortium (W3C).

Interledger Foundation

@strypey @cy @light @KevinCarson1

yeah, i mean no question, bsky is decentralization theater🤷‍♀️

I loved that part! It made it make sense why people always took out a bar tab.

CC: @[email protected] @[email protected] @[email protected]
Mastodon Migration (@[email protected])

Bluesky Reveals Massive Hidden Investment Today #Bluesky revealed that in April 2025 they received a whopping $100M venture capital investment lead by Bain Capital Crypto and that they KEPT IT A SECRET. https://bsky.social/about/blog/03-19-2026-series-b So the answer to the big mystery Who Owns Bluesky? (https://mastodon.online/@mastodonmigration/116025246450023071) is finally out. Crypto VCs. Now, we should be asking why did this company that prides itself on transparency and "decentralization" decide they needed to hide who owned the company?

Mastodon
@cy @light @strypey @serapath But ultimately a system has to be about something beyond individuals helping each other, and be capable of coordinating flows of unfinished goods and raw materials between groups of producers.
@serapath @light @strypey @cy My problem with bitcoin in general is it's based on the myth of monetary scarcity -- that money has to be "backed" by something (i.e. mining/"proof of work").

@KevinCarson1 @light @strypey @cy

i think that is a misunderstanding

1. bitcoin is not backed by something and "proof of work" is just a mechanism to defend the network against attackers trying to rob everyone

2. money is never scarce. the wording is misleading - i agree. only goods and services can be scarce. a limited money supply does not make it scarce, it just standardizes is - is 1lg or 1m as a standard measurement unit scarce? ...would you want constant change in what 1m or 1kg means?

@KevinCarson1 @light @strypey @cy

i am saying this, because if you had more or less money in circulation and everything else stays the same (e.g. demand and supply of services and goods) then prices just adapt and you keep the same buying power.

nothing here is scarce and therr is no problem.

problems appear under fiat where the epstein class constantly prints money to defraud us, hence the growing divide between poor and rich. bitcoin inverts this by ending money printing to pay for upkeep

@serapath @light @strypey @cy The problem is the idea of money in "circulation," that has an independent value of its own. It's like saying there are feet and inches in circulation, independent of the boards being measured.

@KevinCarson1 @light @strypey @cy

nah, the measurement are prices.
you measure prices in a currency, but if the denominator changes, its a futile exeecise.

the money is just what you measure with.

price stability is a ridiculous concept invented by mad men, it shields ppl from feedback about growth or decline of the economy by seeing prices around them.

@serapath
> price stability is a ridiculous concept invented by mad men

Theoretically defensible, but politically sociopathic. As monetary policy, it says;

Keeping the value of a $ stable, as an objective measure of the value of things sold in markets, is more important than whether people can afford enough food to stay alive.

This is '#neoliberalism' and its hands-off central banking in a nutshell. Obsessed with controlling inflation, regardless of the effects.

@KevinCarson1 @light @cy

Inflation is typically the primary cause of people not being able to afford enough food to stay alive. Central banking doesn't stop or even slow down inflation though.

CC: @[email protected] @[email protected] @[email protected]

@cy @KevinCarson1 @light @strypey

only bitcoin ends monetary inflation and generally will cause deflationary prices as long as the global economy grows, so everyone gets a UBI by having their buying power increase, no matter how little bitcoin you hold...... pretty dope imho

@strypey @KevinCarson1 @light @cy

I think this is just absolutely idiotic or even borderline evil.

If there is fixed monetary supply in an economy then price changes will give real feedback to people. Price changes will tell people whether the economy grows or shrinks or stays the same.

If ppl start hoarding, then prices will deflate, good for everyone, if ppl stop hoarding prices will inflate temporarily until nobody hoards and the maximum is in circulation.

@strypey @KevinCarson1 @light @cy

playing around with money printing just means defrauding people and taking signal away, because now you cant know ...did they print or did the economy shrink or did somebody stop hoarding... its impossible to tell anything anymore... its ridiculous

@serapath @strypey @light @cy The paradigm by which there is a "supply" in "circulation," that can be "hoarded," is the problem.
@serapath @strypey @light @cy The root of the problem lies in the ideology, and associated practice, of goldbuggery and other assorted "hard money" systems.

@KevinCarson1 @strypey @light @cy

i dont really understand what you are saying or what problem you are referring to.

are you saying you want to work for money which others print to becoke billionaires and you watch house prices explode? ...it that a fetish you have?

also -goldbugs and bitcoin share little to nothing. some goldbugs converted to bitcoin, many others didnt, but also ppl from all other backgrounds like bitcoin. its not a goldbug thing and there is little in common

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@serapath
> goldbugs and bitcoin share little to nothing

Everything you say about the political economy of BitCoin is derived from the arguments goldbugs make about gold. As @KevinCarson1 pointed out - and as we've discussed many times - the core of tokenomics it's the faulty paradigm of seeing money as a commodity - whose most important value is a stable price - vs. seeing it as currency, whose most important values is facilitating the maximum number of useful transactions.

@light @cy

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> are you saying you want to work for money which others print to become billionaires and you watch house prices explode?

As we've discussed before - again, *many* times - we all agree that capitalists using banks to issue new money as mortgages on land and buildings (and other real world resources, but mainly real estate) is a problem. Enabling rampant property speculation, in order to profit from capital gains, while driving up prices *relative to incomes*.

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But this problem can't be solved by going back to the Gold Standard. Any more than it can be solved by clicking your heels together and saying "there's no place like home". This is just political economy 101;

https://www.investopedia.com/ask/answers/09/gold-standard.asp

Neither can it be solved by going to a BitCoin Standard, for *exactly the same reasons*. Again this is political economy 101 stuff.

What Is the Gold Standard? Advantages, Alternatives, and History

Learn more about the gold standard, including its complicated global history and its connection to the fiat system and the U.S. dollar today.

Investopedia

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There are a number of alternatives, each with its own pros and cons.

Social democrats propose returning to Keynesianism. Having democratic governments moderate the money supply. By tracking whether the real economy (of available goods and services) is growing or shrinking, and running surpluses or deficits as appropriate.

This is fine in theory, but relies on the existence of a state democratically controlled by the population it governs, not the 1% and their lackeys. Not the case now.

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My preferred solution is mutual credit. Where workers can issue a credit representing a 'promise to pay' against the future value of our labour, retailers against their goods, tradies and professionals against their services, etc. The downside, as you've pointed out, is that it's challenging to build enough reputation data into the system to get it to scale up beyond a #Dunbar2 (everyone we trust directly, and at 1 degree of separation).

@strypey

yeah. that is the promise since forwver and it doesnt ever do anything. waiting for the establishment and their promises is doomed to failure

@strypey

yes. bitcoin isnt sufficient.

we only solve it with e.g. open source and commons networks and mutual aid networks and worker coops etc... but without bitcoin, we wont, because the billionaires print away any progress we make.

we have to do this while using a currency they cant print

@serapath
> we wont, because the billionaires print away any progress we make

This, again, is goldbug logic. I just wrote a 9 post thread explaining - once again - why political economy doesn't work like this. But maybe this is an unshakeable article of faith for you. Received wisdom, delivered to you at some formative stage of your thinking on the digital ledger equivalent of stone tablets. An example maybe of how you can't reason someone out of a position they didn't reason themselves into.

@strypey @KevinCarson1 @light @cy

no current fiat is obsessed with stable price.

bitcoin doesnt care.
its about ending money printers privilege of the billionaire class.

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@serapath
> no current fiat is obsessed with stable price

You're mistaking neoliberal monetarism for fiat currency in general. Again, fetishising the particular. Keynesian is also based on fiat currency - even more so than monetarism - but has no interest in stability in the price of money. Just in the price of essential goods and industrial inputs, again, *relative* to incomes (ie capacity to pay).

@KevinCarson1 @light @cy

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You might benefit from reading a book called Sophie's World, which is the story of a fictionalised teenger taking a whistlestop tour through the history of philosophy, by having dialogues with various historical philosophers. Many significant economists are included, giving a really good nonpartisan overview of the major theories of political economy.

#books #novels #SophiesWorld #economics #PoliticalEconomy

@strypey i think i am familiar with the various economic schools of thought. it was part of my studies too, nut also have been continuously studying this myself.

keynsian economics is theory. the practice is those in charge print the money for themselves.

the poor vs rich divide is going on since forever and the global debt ...public and private too.

keynsian economics is the dominat mode of operation. its what brought us here. its the perfect excuse for money printing elites

@serapath @strypey @light @cy OK. Say there are two people networked to each other, and neither has any Bitcoin at all. Can one of them purchase 10 Bitcoin worth of services or merchandise from the other, be debited 10 Bitcoin, and run a negative balance of Bitcoin, without having to start with a positive Bitcoin balance? And then bring the balance up to zero by selling 10 BTC to the other person later? If so, it's a non-scarce system. If not, and they had to have a positive balance to start with in order to make a purchase, then it's scarce in exactly the same way as a gold-based system.

@KevinCarson1 @strypey @light @cy

yes they can.
bitcoin is just a social contrqct you can opt into buy using it.

it allows anyone to sell for bitcoin and have a guarantee from all others in the network they will sell to you for bitcoin.

if you dont have bitcoin you should start out by earning some first, but ...it doesnt prevent you by buying from somebody who trusts you to pay back later - thats always possible .... can even be a group, but its a individuals/group based special agreement

@KevinCarson1 @strypey @light @cy

....if that agreement doesnt work out its on those who made the agreement. it doesnt translate to the wider network. the wider network agreed of doing work for anyone who can present bitcoin numbers. its a protection mechanism against scammers - but if you have the trust of others you can always step outside that basic agreement and do what you proposed

@serapath @strypey @light @cy In an abundance-based system, it's the act of exchange -- not prior mining, "printing," or whatever -- that creates a positive or negative balance in the overall network.

@KevinCarson1 @strypey @light @cy

yes. also possible with bitcoin or dollar.

as i just tried to explain, that kind of "exchange" you mention creates a debt... it gives credit... its a loan.
...with positive and negative balances.

its not transferrable and wants to be settled.

settlement is what money is used for.
...or goods as in barter, but usually money

@serapath @strypey @light @cy "if you dont have bitcoin you should start out by earning some first" This is what I mean by scarcity of money. It's an idea of money as something with an independent existence of its own that has to be acquired before it can be spent, rather than something that's *created* by the act of exchange.