There are many qualities which make for sound money - durability, recognisability, portability, acceptability, and so on. Gold and silver have many of these qualities, as does Bitcoin. Then, you might have heard someone say this idea: "Ideas are the currency of the 21st century." Can ideas really function as money? Do they have what it takes?
Ideas certainly are durable. Some ideas have been around for thousands of years and still show no sign of slowing down. Ideas are certainly recognisable - but perhaps good ideas and mind-blowing ideas are only recognisable to certain people. Ideas are certainly portable - much more so than a cow or even an ounce of gold. Using radio waves, it's possible that ideas could be transported between worlds, without even exerting much energy. With some other form of technology, some kind of telepathy, perhaps ideas could even be transported between universes. And naturally, when they arrived, they would be much more likely to be accepted as being valuable, compared to silver or the information for a Bitcoin transfer.
We can see, at least in these few respects, ideas might make very good currency, though there would still be many questions to be asked.
In this episode, we discuss how valuable ideas are, how they might be used as ideas, and what kind of ideas might be considered valuable. We also discuss Kurt's success on the Steemit platform, and how it's progressing as a medium.
(If you want to get to the part where we're talking about the weird ideas on economics, jump forward to 13 minutes.)
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About us
The Paradise Paradox is a podcast where we talk about crazy ideas for open-minded people. We cover topics such as crypto-currency, technology, politics, economics, freedom, free-thinking, and psychedelic experiences.
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