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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (10522)	10/24/2006 10:55:29 PM
From: Maurice Winn	Respond to of 217906

<a new currency has to have something other than physical gold in order to be exchangeable, namely natural resources & from which to generate productivity.> My theory is that it doesn't need anything other than a self-referential value system = a bit like celebrities are famous for being famous. They don't necessarily have to do anything other than be famous. A bit like the Truman Show. Everyone focuses on him because everyone focuses on him. A bit like the big rock around which everyone surges on the Haj - they go there because that's where they all go to. The rock itself is just a big rock. There's lots of rock. Sure, it has some history "attached" to it, but that's just a construct in the minds of hordes of humans. Of course a currency is only of value if it can be exchanged for something else. One person has some Qi and somebody [or a machine] has something that they want. Each wants what the other has, so they do a swap. Hey presto, by definition, the Qi is exchangeable for gold, silver, platinum, oil, land, hours, lumens, rads and music. Mqurice