[p2p-research] All Money is Fantasy

Nathan Cravens knuggy at gmail.com
Wed Oct 14 02:16:02 CEST 2009


So is Cascio on the post-scarcity bandwagon? Mmm? :)
Nathan

On Tue, Oct 13, 2009 at 3:16 PM, Ryan <rlanham1963 at gmail.com> wrote:

> Jamais Cascio and Stow Boyd on "all money is fantasy."
>
>
>
> Sent to you by Ryan via Google Reader:
>
>
> All Money is Fantasy<http://feedproxy.google.com/~r/OpenTheFuture/~3/7Uzpy4Dqdls/all_money_is_fantasy.html>
> via Open the Future <http://www.openthefuture.com/> by Jamais Cascio on
> 10/13/09
>
> [image: Future of Money.png]My friend Stowe Boyd, consultant and
> provocateur, interviewed me recently for his Future of Money project<http://www.stoweboyd.com/message/2009/10/the-future-of-money-jamais-cascio.html>.
> The video of that interview is now available at Stowe's blog, /Message<http://www.stoweboyd.com/message/>
> .
>
> It's a good conversation, although I clearly haven't learned the blogger
> video conversation practice of simply talking over the person I'm conversing
> with. I'm far too polite.
>
> I start with the observation that all money is fantasy. I laugh/sigh when I
> see "gold bugs" going on and on about how money should be tied to gold,
> because gold has "real value." The only intrinsic value that gold has
> relates to how we can use it (in electronics, mostly, or as meal garnish<http://www.wchstv.com/gmarecipes/celeryapplesoup.shtml>);
> its utility as *money* is just as imaginary, just as "fiat," as post-Bretton
> Woods <http://en.wikipedia.org/wiki/Bretton_Woods_system> currency. It's a
> mutually-agreed upon fantasy. A "consensual hallucination," to steal from
> Gibson.
>
> <http://feeds.feedburner.com/~ff/OpenTheFuture?a=7Uzpy4Dqdls:SvvjkXCGwIc:yIl2AUoC8zA>
> <http://feeds.feedburner.com/~ff/OpenTheFuture?a=7Uzpy4Dqdls:SvvjkXCGwIc:V_sGLiPBpWU>
> <http://feeds.feedburner.com/~ff/OpenTheFuture?a=7Uzpy4Dqdls:SvvjkXCGwIc:7Q72WNTAKBA>
>
>
>
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>
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