Is it possible to trade privacy for freedom from corruption? I don't know much about economics, but let's just imagine this - a world where moral high ground is the dirtiest taboo, and everything is transparent.
Imagine a world where all currency is digital, secured via quantum cryptography, and processed on a global cloud that makes all transactions searchable. A world where it is not banks are the ones issuing legal tender notes based on complex mathematical models - currencies are personal credits, issued by individuals, each credit being a promise to fulfill a unit time of work. Credits rise and fall in buying power, based on the value put on the individual's work. You can't issue more credits than the hours you have in your predicted lifespan. When you're down and out, agriculture is your fallback plan - at the bottom line, one credit is an hour on a farmer's hand, harvesting the crop from the earth.
Since there is no universal currency, companies cannot simply pay you, but have to secure the credits of individual service providers. Goods have no inherent value, tangible goods are just a means of securing somebody's services.
What would such a world be like?
Sunday, June 10, 2012
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