Had some thoughts about Safecoin recently. Might be an appropriate post to share them in.
Someone please correct me if I’m technically completely missing something here, I’m not a coder and I am just going on my own understanding of the way the currency will work.
Currencies have always been pegged to… nothing, since maybe the time of bartering, when some amount of goods was strongly represented by the currency being used (historians, please correct me?).
Gold, silver, dollars, euro, bitcoin, whatever else, has all been valuable because… humans believed it was valuable. In a different sense than that which made bartering-currency valuable: gold came to represent a value in itself, as have dollars and bitcoin.
Safecoin will be directly imaginable as a certain amount of extremely precious goods, always. The certain amount of goods in this case being your pictures and films and books and music and writings and thoughts and memories and your ability to get and share and create more of these things.
What difference would it make to human society if we had a medium of exchange that directly represented a certain definable amount of things important to humans?
Would, for example, putting a massive apartment building up for sale at a price which only makes sense if the purchaser is going to invest in extremely expensive apartments be universally decried as socially violent behaviour?
Or have I missed something? If not, discussions about cashless societies seem to be slightly outboxed by the possibility that humans might be about to see what happens to human societies when there is an anonymous and secure and straightforward and possibly sanity-inducing currency readily farm-able.