Nevertheless, as prices and technology rarely come hand-to-hand, during this period we’ve seen some conceptual improvements started being implemented, such as Ethereum side-chains and plasma or Bitcoin’s LN and Superspace (which I aim at discussing on my next piece).
Before you dive into this one, I urge you to read its predecessor available here, where I discuss the role of money in our society, how it can potentially have quantum-like properties and, finally, different ways to measure growth and value.
Growth Accumulation VS Growth Redistribution
One of the most important quests of mankind across centuries has been how to achieve continuous economic growth. From the first world empires to the industrial revolution, the single most important factor that allowed for this unsustainable mindset was the monies creation mechanics. Logic dictates if your monetary system is inflationary, future money will always be worth less than present money. Meaning, it’s quite hard to change monetary policies to support citizens wealth creation, when the object of said wealth creation loses value every year. If we could potentially find a solution to the debt-based system, it would most likely be connected to a better redistribution of wealth, I argue.
There are many paths to chose from to achieve the above outcome, for example, through income distribution STO’s, utility via rewards, airdrops and bounties or even a completely new token scheme with both income, utility and governance. Decentralization allows for different kinds of money systems, not only based on debt but also on your actual time,