What happen when money upload to become digital (internet money) but become real (like very physical thing)?

[BenJepheneT]

Edit: I've used the term cryptocurrency as a replacement for "what if money, but uploaded into the internet?" Like internet credits, but utilized wordlwide. I don't know if there's a valid term for this, but if there is, well fuck if I'm bothering to edit this whole thing again.

Alright, the entire forum knows I'm a smooth, monke brainlet. I can't economy whatsoever. I can comprehend the concept but everything else, I'm a fucken idiot on. The furthest I know about money is that I have it and I want more. So I'm asking you guys instead.

Beforehand, I'd like you all to imagine a future cyberpunk dystopia where the AnCap meter is dialed to the fucking MAX and that to suspend a little bit of disbelief for the world I'm gonna be using as an example. As it stands now, crypto currency will most likely never be a thing for the foreseeable future, but for now, I'm toying with a what if situation, so bear with me here.

Hypothetically, what if a fucken powerful corporation suddenly took a massive monopoly over the world's economy and pumped everything they have into a cryptocurrency? As in, paper-less money. Just bare fucking credits. Perhaps I should've worded it as an OMNISCIENT BEING/ENTITY that suddenly owned the world's most powerful currency and pumped it all into credits, effectively rendering paper money worthless. And to give context, these shits got bottomless resources. They effectively have their hands on the money printing machine, and their monopoly reaches so far they're not even called lobbying Congress anymore they just straight up own everything. Postal service, hospitals, public services; all paid for and with their new cryptocurrency, forcing everyone to adopt or rely on private services, which are also majorly owned by said Corpo.

How would it evolve overtime? Will it start off as just some Disneybucks, only to be used on their own properties? Will they slowly spread their fresh-off-the-oven currency by making it a mandatory currency for any of their services? And just forget any notion of fair play or rationality in regards for said Corpo -- just imagine that the CEO and heads of the table had an amazing amphetamine binge that lasted so long they signed off their brilliant idea without a second thought.

And how would that currency work within the actual world? I'd imagine they'd tie biometrics to their bank accounts to pay shit. Buy a piece of gum from 7/11? Go to the counter and scan your thumb or smth like that. Cashiers are fucking dead that's for sure. Mom and pop stores would probably be compelled into using same thing too (just imagine the meth addicts on the round table got around to giving biometric scanners to every store in the country. Don't question how, just roll along with it.)

How would borrowing money work? As in, between family members and friends? Do they just carry devices with them to transfer small amounts? What if they relegated paper money to "free-to-use money", as in their bank accounts have spending money AND stored money, and that in order to use the stored money you have to transfer a certain number to your spending money in order to use it freely, to transfer it between mates as "borrowing money" or to be used in physical restaurants and shit? How would banks work? I guess like normal ATMs, but instead of paper money they transfer the stored money into the "spending money".

It's just a stupid concept I have. It's probably more complicated than that.

And what about the poor as fuck folks? Would the corpos even think about them? Probably not. I'm not genius but a viable cryptocurrency would probably need an easy, always-connected external hardware to access. It'll probably be engineered cheap in order to accommodate as much people as possible, but not the homeless, who live by pennies. They'll probably have useless notes, like Malaya after the Japanese occupation, where they have millions of banana notes with no use whatsoever. NY style side shows would probably be gone. Or they'll probably have those mom-and-pop style scanners where people can donate by scanning a finger anytime they want, but with that, the public would probably be less compelled to drop a tenner, as right now, instead of dropping pennies anonymously you're actively dropping "cash" from your bank account.

The stock market would probably be widely different, or just the same. Idk I think it'll stay the same. If the $GME thing were to happen under cryptocurrency it'll probably be the exact same thing. I don't know. Just a wild, uneducated guess.

How would other countries respond? Will they also have their own version of Disneybucks? How will they contest with one another? How would another "Venenzuala" happen under cryptocurrency? Hell, would all the countries just unite under one crypto currency? I mean, I already said it's a what if scenario but even that seems impossible.

And I'M NOT DONE YET BOYS MY SCHIZOPHRENIA HAS MORE TO SAY

What about the underground market? Places where money that doesn't exist trade hands. Holy fuck, would they depend on actual hackers or insiders of Corpos to sneak $$$ around? Hell, you're telling me Shadowrunning would be an actual thing? Fuck me, I want that shit. But back on point, how would drug cartels and traffickers deal with shit now? Money laundering through twenty different currencies? The police would probably hire less physical force and employ more technical tactics to catch these fuckers.

Funny thought but the prison industrial complex would probably put more focus on catching hackers to work FOR the corpos than labor workers.

Oh come on its an AnCap dystopia of course they'll still use the general public to do they're stupid shit.

How would loan sharks operate? They can send money, but under heavy surveillance it probably won't fly. Just a funny thought but I'd like to imagine of all people, the GOVERNMENT (aka Corpo) were the ones to steal their (illegal) jobs. They'll probably pump interest to the roof, since they're the only valid loaning agents to get loans from.

Now onto more fantastical aspects: big crimes. Normal gas station robberies won't work; unless you're stealing milk, then you'll probably get away. But if cryptocurrency and its application has gotten this far it'll probably be safe to assume technology has advanced to the point where you probably won't get away far enough with that milk carton. Will the corpos fuck you over even for milk? I guess they would. They'll probably send out a fucken drone squad just to fuck with milk bandits.

Alright I'm sorry, back on point.

I mean money heists. Not the usual GTA or Payday 2 type of heist but the Ocean's 11 type shit. Hacking mainframe, EMPs, hiding digital trails and shit. Or course, shit like this are probably more boring than Hollywood would make it seem. Just lots of suspense and computer screens. Probably a lot of phone calls with an inside man as well. Raid the Corpo itself? Realistically speaking, the corpos will probably have split HQs where each HQ will run one aspect of their entire company. Those HQs will probably have seperate HQs as well. Lmao thinking about it now, unless you got a MGSV Mother Base LOAD of competent hackers you're probably not even gonna dent the Corpo itself.

Heists would probably lean more towards the individuals. The entrepreneurs and the philanthropists-that-MOST-PROBABLY-have-a-mineral-mine-on-Pluto-run-solely-by-small-time-prisoners-and-is-just-using-his-philantrophy-to-hide-the-fact-he-has-an-Elon-Musk-style-Lithium-mine-lightyears-away-in-outer-space-also-yes-space-travel-is-a-thing-roll-with-it. Since Shadowrunning is probably a viable thing, Inception could probably be a working concept. Damn you, Nolan-san, stealing my ideas from the past.

Wait wait wait, I'm gonna go on the left field for a second and dive into the prison industrial complex for a bit.

IS IT POSSIBLE or at least viable to have a planet that's ripe with minerals and solely mined by prisoners, and that the planet itself is already its jail, and that housing is practically just concrete buildings with windows and piss-stained bed sheets? Since we're turning the AnCap meter to 21, what if corpos ALSO allow businesses to be run on the planet? Are the prisoners even earning enough money to use money? Are the prisoners even allowed to use their cryptocurrency? Who cares? They get rent from the businesses anyway. And what if the planet just looks nice? Would other corpos open a resort for the ultra rich ALL WHILST a prison complex system is working on the other side of the planet? Hell yeah a literal economic segregation. Now we're talking.

Lmao a literal Gettho town indirectly built by the prison complex system. They'll probably have actual cities built for tourists but prisoners can't go into them because they're "prisoners". Hey, now we have a market for human smuggling for prisoners. AND a market for Shadowrunning in order to build new identities for said prisoners wanting to be smuggled out. A whole fucken package for em'. Maybe the shadowrunners can build aliases within the system so they could use the cryptocurrency in another identity. But wait, biometrics are needed to make transactions, right? What happens then? Actually changing your fingerprint? That's impossible, as they grow back, and there's a lot more to biometrics than simple fingerprints. What kinda shit will they pull to bypass this thing?

Okay that's all for my schizophrenia. What do you guys think? As in, how would cryptocurrency be applied, semi-realistically, in this AnCap as fuck dystopian universe? You guys definitely know more than me. Plz, unsmooth my monke brain, tell my how wrong I am.

 

[Assurbanipal_II]

Alright, the entire forum knows I'm a smooth, monke brainlet. I can't economy whatsoever. I can comprehend the concept but everything else, I'm a fucken idiot on. The furthest I know about money is that I have it and I want more. So I'm asking you guys instead.

Beforehand, I'd like you all to imagine a future cyberpunk dystopia where the AnCap meter is dialed to the fucking MAX and that to suspend a little bit of disbelief for the world I'm gonna be using as an example. As it stands now, crypto currency will most likely never be a thing for the foreseeable future, but for now, I'm toying with a what if situation, so bear with me here.

Hypothetically, what if a fucken powerful corporation suddenly took a massive monopoly over the world's economy and pumped everything they have into a cryptocurrency? As in, paper-less money. Just bare fucking credits. Perhaps I should've worded it as an OMNISCIENT BEING/ENTITY that suddenly owned the world's most powerful currency and pumped it all into credits, effectively rendering paper money worthless. And to give context, these shits got bottomless resources. They effectively have their hands on the money printing machine, and their monopoly reaches so far they're not even called lobbying Congress anymore they just straight up own everything. Postal service, hospitals, public services; all paid for and with their new cryptocurrency, forcing everyone to adopt or rely on private services, which are also majorly owned by said Corpo.

How would it evolve overtime? Will it start off as just some Disneybucks, only to be used on their own properties? Will they slowly spread their fresh-off-the-oven currency by making it a mandatory currency for any of their services? And just forget any notion of fair play or rationality in regards for said Corpo -- just imagine that the CEO and heads of the table had an amazing amphetamine binge that lasted so long they signed off their brilliant idea without a second thought.

And how would that currency work within the actual world? I'd imagine they'd tie biometrics to their bank accounts to pay shit. Buy a piece of gum from 7/11? Go to the counter and scan your thumb or smth like that. Cashiers are fucking dead that's for sure. Mom and pop stores would probably be compelled into using same thing too (just imagine the meth addicts on the round table got around to giving biometric scanners to every store in the country. Don't question how, just roll along with it.)

How would borrowing money work? As in, between family members and friends? Do they just carry devices with them to transfer small amounts? What if they relegated paper money to "free-to-use money", as in their bank accounts have spending money AND stored money, and that in order to use the stored money you have to transfer a certain number to your spending money in order to use it freely, to transfer it between mates as "borrowing money" or to be used in physical restaurants and shit? How would banks work? I guess like normal ATMs, but instead of paper money they transfer the stored money into the "spending money".

It's just a stupid concept I have. It's probably more complicated than that.

And what about the poor as fuck folks? Would the corpos even think about them? Probably not. I'm not genius but a viable cryptocurrency would probably need an easy, always-connected external hardware to access. It'll probably be engineered cheap in order to accommodate as much people as possible, but not the homeless, who live by pennies. They'll probably have useless notes, like Malaya after the Japanese occupation, where they have millions of banana notes with no use whatsoever. NY style side shows would probably be gone. Or they'll probably have those mom-and-pop style scanners where people can donate by scanning a finger anytime they want, but with that, the public would probably be less compelled to drop a tenner, as right now, instead of dropping pennies anonymously you're actively dropping "cash" from your bank account.

The stock market would probably be widely different, or just the same. Idk I think it'll stay the same. If the $GME thing were to happen under cryptocurrency it'll probably be the exact same thing. I don't know. Just a wild, uneducated guess.

How would other countries respond? Will they also have their own version of Disneybucks? How will they contest with one another? How would another "Venenzuala" happen under cryptocurrency? Hell, would all the countries just unite under one crypto currency? I mean, I already said it's a what if scenario but even that seems impossible.

And I'M NOT DONE YET BOYS MY SCHIZOPHRENIA HAS MORE TO SAY

View attachment 6167

What about the underground market? Places where money that doesn't exist trade hands. Holy fuck, would they depend on actual hackers or insiders of Corpos to sneak $$$ around? Hell, you're telling me Shadowrunning would be an actual thing? Fuck me, I want that shit. But back on point, how would drug cartels and traffickers deal with shit now? Money laundering through twenty different currencies? The police would probably hire less physical force and employ more technical tactics to catch these fuckers.

Funny thought but the prison industrial complex would probably put more focus on catching hackers to work FOR the corpos than labor workers.

Oh come on its an AnCap dystopia of course they'll still use the general public to do they're stupid shit.

How would loan sharks operate? They can send money, but under heavy surveillance it probably won't fly. Just a funny thought but I'd like to imagine of all people, the GOVERNMENT (aka Corpo) were the ones to steal their (illegal) jobs. They'll probably pump interest to the roof, since they're the only valid loaning agents to get loans from.

Now onto more fantastical aspects: big crimes. Normal gas station robberies won't work; unless you're stealing milk, then you'll probably get away. But if cryptocurrency and its application has gotten this far it'll probably be safe to assume technology has advanced to the point where you probably won't get away far enough with that milk carton. Will the corpos fuck you over even for milk? I guess they would. They'll probably send out a fucken drone squad just to fuck with milk bandits.

Alright I'm sorry, back on point.

I mean money heists. Not the usual GTA or Payday 2 type of heist but the Ocean's 11 type shit. Hacking mainframe, EMPs, hiding digital trails and shit. Or course, shit like this are probably more boring than Hollywood would make it seem. Just lots of suspense and computer screens. Probably a lot of phone calls with an inside man as well. Raid the Corpo itself? Realistically speaking, the corpos will probably have split HQs where each HQ will run one aspect of their entire company. Those HQs will probably have seperate HQs as well. Lmao thinking about it now, unless you got a MGSV Mother Base LOAD of competent hackers you're probably not even gonna dent the Corpo itself.

Heists would probably lean more towards the individuals. The entrepreneurs and the philanthropists-that-MOST-PROBABLY-have-a-mineral-mine-on-Pluto-run-solely-by-small-time-prisoners-and-is-just-using-his-philantrophy-to-hide-the-fact-he-has-an-Elon-Musk-style-Lithium-mine-lightyears-away-in-outer-space-also-yes-space-travel-is-a-thing-roll-with-it. Since Shadowrunning is probably a viable thing, Inception could probably be a working concept. Damn you, Nolan-san, stealing my ideas from the past.

View attachment 6168

Wait wait wait, I'm gonna go on the left field for a second and dive into the prison industrial complex for a bit.

IS IT POSSIBLE or at least viable to have a planet that's ripe with minerals and solely mined by prisoners, and that the planet itself is already its jail, and that housing is practically just concrete buildings with windows and piss-stained bed sheets? Since we're turning the AnCap meter to 21, what if corpos ALSO allow businesses to be run on the planet? Are the prisoners even earning enough money to use money? Are the prisoners even allowed to use their cryptocurrency? Who cares? They get rent from the businesses anyway. And what if the planet just looks nice? Would other corpos open a resort for the ultra rich ALL WHILST a prison complex system is working on the other side of the planet? Hell yeah a literal economic segregation. Now we're talking.

Lmao a literal Gettho town indirectly built by the prison complex system. They'll probably have actual cities built for tourists but prisoners can't go into them because they're "prisoners". Hey, now we have a market for human smuggling for prisoners. AND a market for Shadowrunning in order to build new identities for said prisoners wanting to be smuggled out. A whole fucken package for em'. Maybe the shadowrunners can build aliases within the system so they could use the cryptocurrency in another identity. But wait, biometrics are needed to make transactions, right? What happens then? Actually changing your fingerprint? That's impossible, as they grow back, and there's a lot more to biometrics than simple fingerprints. What kinda shit will they pull to bypass this thing?

Okay that's all for my schizophrenia. What do you guys think? As in, how would cryptocurrency be applied, semi-realistically, in this AnCap as fuck dystopian universe? You guys definitely know more than me. Plz, unsmooth my monke brain, tell my how wrong I am.

No idea what you mean. Crypto and real money are both fiat currencies without intrinsic value. The difference is that the latter is legally accepted as payment in the eyes of the law, while the former is not.

 

[BenJepheneT]

No idea what you mean. Crypto and real money are both fiat currencies without intrinsic value. The difference is that the latter is legally accepted as payment in the eyes of the law, while the former is not.

Probably shouldn't have used "cryptocurrency". The concept is my head is literally "WHAT IF MONEY, BUT UPLOADED TO INTERNET"

 

[Assurbanipal_II]

Probably shouldn't have used "cryptocurrency". The concept is my head is literally "WHAT IF MONEY, BUT UPLOADED TO INTERNET"

But that is what we already have. The amount of money, or rather obligations circulating exceeds the sum of real money "liquidity" by far.

Classical example.

A promises B 10$.

B promises C 10$.

C promises D 10$.

D promises E 10$.

And so on.

A eventually pays B with a 10$ bill, who pays C, who pays D, who pays E.

In sum, we have´obligations worth 40$, but we only need a single "real" 10$ to cover them all.

In fact, we don't even need a bill anymore. The vast majority of money transferred is nothing but obligations moved around, virtual money, money existing only on paper.

 

[Horizon42]

Almost nothing would change. Both crypto and the U.S. dollar are Fiat currencies and their value relies on the trust people have in it. Like religion shifted focus to economics. Inflation would be curtailed so the little guys would likely do a little better as time went on, but the economy would also have a harder time growing. Crypto would probably work through a card or on your phone. Biometric scans wouldnt be necessary just like they aren't now, but it could happen. Crypto's value would be a lot less volatile. Crypto by its nature is super hard to track, so underground transactions would probably still uses crypto, but hypothetically if the official crypto was trackable, then people would just use a different crypto.

 

[BenJepheneT]

But that is what we already have. The amount of money, or rather obligations circulating exceeds the sum of real money "liquidity" by far.

Classical example.

A promises B 10$.

B promises C 10$.

C promises D 10$.

D promises E 10$.

And so on.

A eventually pays B with a 10$ bill, who pays C, who pays D, who pays E.

In sum, we have´obligations worth 40$, but we only need a single "real" 10$ to cover them all.

In fact, we don't even need a bill anymore. The vast majority of money transferred is nothing but obligations moved around, virtual money, money existing only on paper.

What if this was taken to an extreme? Where the obligations is streamlined, and that the bill is never there to cover it all? There are no promises, or that there's only promises. The bill's always been there, or that there's never was any bill in the first place? Credit is cut out from being the middle man, or that credit is the only way to go?

I don't know if my monke brain is getting my point across or that I have the reading comprehension equivalent of a smoothbore flintlock pistol hitting a target from 20 feet away.

Almost nothing would change. Both crypto and the U.S. dollar are Fiat currencies and their value relies on the trust people have in it. Like religion shifted focus to economics. Inflation would be curtailed so the little guys would likely do a little better as time went on, but the economy would also have a harder time growing. Crypto would probably work through a card or on your phone. Biometric scans wouldnt be necessary just like they aren't now, but it could happen. Crypto's value would be a lot less volatile. Crypto by its nature is super hard to track, so underground transactions would probably still uses crypto, but hypothetically if the official crypto was trackable, then people would just use a different crypto.

Is it possible for corporations to hijack/derail/sabotage/whatever-the-fuck other types of digital currency? As seen in reality, corpos have the ability to lock people out of stocks and investment already. Imagine an AnCap hellscape: fucker's would be able to do it naked in the open field under the sun with not an ounce of shame.

Unless my "research" is absolutely wrong, cryptocurrency is sustained by pumping it with other Fiat currency like the US Dollar or other cryptos. My idea is that, what if, the US Dollar was completely done and dusted for and itself HAS become a cryptocurrency. Yes, nothing will change, as you've said, but I'm not done yet: it isn't the government holding monopoly of the currency but a corporation run by suits with no morals or need for public image, since they're essentially running the world.

I'm sorry if I'm being confusing here. Like I stated in my OP I was basing this entire concept on a dystopian AnCap universe.

Back to the point, what if the corpos completely monopolized cryptocurrency market; at least the accessibility for it. Most of crypto (unless my "research" is fucken dog shit) relies on the public pumping it up. If that connection is severed, it'll be hard to use any other cryptocurrency, since the Corpo has pumped their version of the $DOGE so high that it's practically pointless to use any other currency. And, as stated in OP, it's an AnCap dystopia; Corpos practically own public services, everything is paid for and with their crypto bread.

Of course, you're gonna have some underground kingpin who has their own connections and ways to access the digital-bag market; maybe even has his own viable currency to use for his businesses alà Funni™ Golden Coins from John Wick. But that's stretching it too far.

So yes, what do you think about that concept, and how can it be dismantled?

 

[High-in-the-skys]

Hmmm...
Say that this corp™ has monopoly at money™, it won't work. Money™ is literally the middleman of trade so someone or something out there would prevent it. It can be prevented by having other money™ or a different trade system.

But since you said a scenario where corp™ has monopoly at money™, let's also assume that they got monopoly at resources™ as well. What would happen is that there will be a power shift, old governments are thrashed and they instead become the government.

Let's also count the 'they are a blatantly corrupt/blatantly biased/blatantly unfair' variable. This means that even if some media™ or people decides to reveal some scandal™, it doesn't affect them since they openly do that unlike the democratic gov™ (we?) have now where you need support from people so you can gain power.

This also means that they are pretty much the gods of the people now. Since they already have the power and resources, if they want to live they can do it freely. But since you said that this corp™ likes to play kingdom games™, let's take that variable in.

This means that the corp™ would lead the people, willingly or unwillingly. Though the question of why lead people if they have resources to do automation is solved by reasons that 'they just do since they like to play kingdom games™'.

----
Alright, we got the backround of our corp™ done. Let's move on to how they affect the world.

At this point, the corp™ would keep people and if they want to keep people and play kingdom games™, they must brainwash them that they are 'safe and free'.

This means that they have to appeal to all humanly desires and the most simple way to do that is to give them resources™. This would mean that they would have to give but not too much else it became a problem. They would also need people to think that they don't have too much resources or human's greed appears.

Now their education. They would either twist and limit the truth that they learned, this way the people could be 'controlled' in a way. This also means that your(yes i'm talking to you reader) standards would be different than them. If you are taught that slavery is illegal, their education might say "slavery gives them purpose in life, since they don't have one we give them" and expect this in a good way to them. Additionally, once the people's education is quite high, this would affect 'herd mentality', making the knowledge a 'common sense'

Now for the corp's™ relationship to people. They must be in a good light and be a separate entity or power. If the people knew that they could reach the corp™, I guess you know what would happen. So in order to control people's social instincts, the corp™ would create 'factions' and make people side so they could have their focus directed at something else(and as you know, people's instincts is to 'group' themselves to others. And when there are other groups, there will obviously be 'misunderstandings'.

So they would be the gods that monitored people in order to keep themselves safe. You could say that they would have 'eyes' to watch people's movements and when they detect something bad, they just have to cut off the resources™ and 'flushed' them out so they can be 'reset'. This means that things that are 'illegal' aren't illegal as long as they allow it.

They also need to make people have 'busy'. This means no simple farming lives, they have be 'lively' be it metropolis life, war-stricken life and anything to make their lives 'interesting'. You need to be well aware that having everything isn't all fun without 'entertainment' so they have to make it 'interesting'.

And that's all I could think off


Well i'm not an expert so you should not listen to me. I created all this from my imagination sandbox™ . Of course this is all fiction but did you enjoy it ??

 

[Assurbanipal_II]

What if this was taken to an extreme? Where the obligations is streamlined, and that the bill is never there to cover it all? There are no promises, or that there's only promises. The bill's always been there, or that there's never was any bill in the first place? Credit is cut out from being the middle man, or that credit is the only way to go?

I don't know if my monke brain is getting my point across or that I have the reading comprehension equivalent of a smoothbore flintlock pistol hitting a target from 20 feet away.


Is it possible for corporations to hijack/derail/sabotage/whatever-the-fuck other types of digital currency? As seen in reality, corpos have the ability to lock people out of stocks and investment already. Imagine an AnCap hellscape: fucker's would be able to do it naked in the open field under the sun with not an ounce of shame.

Unless my "research" is absolutely wrong, cryptocurrency is sustained by pumping it with other Fiat currency like the US Dollar or other cryptos. My idea is that, what if, the US Dollar was completely done and dusted for and itself HAS become a cryptocurrency. Yes, nothing will change, as you've said, but I'm not done yet: it isn't the government holding monopoly of the currency but a corporation run by suits with no morals or need for public image, since they're essentially running the world.

I'm sorry if I'm being confusing here. Like I stated in my OP I was basing this entire concept on a dystopian AnCap universe.

Back to the point, what if the corpos completely monopolized cryptocurrency market; at least the accessibility for it. Most of crypto (unless my "research" is fucken dog shit) relies on the public pumping it up. If that connection is severed, it'll be hard to use any other cryptocurrency, since the Corpo has pumped their version of the $DOGE so high that it's practically pointless to use any other currency. And, as stated in OP, it's an AnCap dystopia; Corpos practically own public services, everything is paid for and with their crypto bread.

Of course, you're gonna have some underground kingpin who has their own connections and ways to access the digital-bag market; maybe even has his own viable currency to use for his businesses alà Funni™ Golden Coins from John Wick. But that's stretching it too far.

So yes, what do you think about that concept, and how can it be dismantled?

That is what money is. Money is an abstract concept that was born from the simplest form of trade, barter, to simplify the circulation of good and services.

I can change your fish for my meat, but you don't always want meat and I don't always want fish. So currencies and money were introduced as an intermediary. You can change for everything, which makes it automatically a more versatile and efficient form of payment.

Originally, gold and silver were used for coins, which guaranteed them an intrinsic value regardless of where you are.

But ores were limited and the evolution of the modern state allowed them to print paper money, which guarantees you too acquire goods and services within the nominal value of your money.

Whether the money exists now physically or virtually, is quite frankly irrelevant. Money doesn't need to be corporeal to be considered a good in a juridical sense.

 

[BenJepheneT]

That is what money is. Money is an abstract concept that was born from the simplest form of trade, barter, to simplify the circulation of good and services.

I can change your fish for my meat, but you don't always want meat and I don't always want fish. So currencies and money were introduced as an intermediary. You can change for everything, which makes it automatically a more versatile and efficient form of payment.

Originally, gold and silver were used for coins, which guaranteed them an intrinsic value regardless of where you are.

But ores were limited and the evolution of the modern state allowed them to print paper money, which guarantees you too acquire goods and services within the nominal value of your money.

Whether the money exists now physically or virtually, is quite frankly irrelevant. Money doesn't need to be corporeal to be considered a good in a juridical sense.

In the common sense, money is that, yes, but that's now how it is in the public eye. I apologize if I seem to be shifting goalposts but what I had in mind was more of the concept of money GEARED towards how commoners using it and the effects of it. I probably didn't put my point across well but I was wondering more on how the public would handle the ACCESSIBILITY of cryptocurrency, as it's handed to them instead of them understanding the concept itself.

You see, even if cryptocurrency and the BurgerDollars™ are considered Fiat currencies, people don't acknowledge the former as such, because they simply don't understand it or wish to do so. The US Dollar is simple: one dollar will always be one dollar. When a burger goes from one dollar to one dollar AND A HALF, people don't go "oh shit the Dollar dropped" people to "oh fuck they made it more expensive again".

Meanwhile, in cryptocurrency land, you'd be surprised to find out how hard of a concept it is for people to grasp.

"What? Yesterday $CRYPTO is one cent??? But today is three cent??? And tomorrow maybe two cent or one point one cent???"

What's worse is that its value is MEASURED with the US Dollar, backing up said Dollar's widespread use and how easy it is to understand its value on the most fundamental base, at least from what the public conscious is aware of. What's more is that the US Dollar is a currency with PHYSICAL tender. It's a big stretch to consider it, but since physical tender relies on the public's trust on the currency, it IS possible that the US Dollar value will be entirely free from the grasp of the free market. Imagine if one day, every single lerson on Earth decided that one bag of milk will always cost One Dollar, and everything else will be the same value. Inflation doesn't matter to them. No matter what the government and Corpo said the public still uses dollar as if one bag of milk costs One Dollar. The point I'm trying to make is that the US Dollar has a physical presence, along with history and power behind it, which makes it an even easier currency to comprehend and a more powerful one to use. Looking at it now, it's virtually a fantastical thought of even think that cryptocurrency could catch up to the US Dollar.

Now what happens if the US Dollar was whisked away COMPLETELY and turned into $McDBucks. Using the same mass corporation monopolization hellscape I described, what do you think will become of the public conscious towards the new McBucks? Now stores and shops and hospitals and postal services demand it, and you can't pay it like you paid for your old burgers with old paper money; you have to pay it with these fancy new technologies with cards and phones now.

Realistically, nothing has changed. Money is still money, and presuming the corpos does things well, the public conscious of the US Dollars will be adopted to the new $McDBucks, as in one McBuck will always be one McBuck, and a bottle of water turning from one McBuck to two McBuck isn't the McBuck losing value, but simply shit getting expensive. The line of thought ends there; there's no reason why shit got expensive. It simply happened, in a vacuum.

But here's the thing: paper money is gone. Trust is entirely dependent on what their card says or what their phones tell them. The public holds no leverage over how much they want to pay. There's no "keep the change" or "look away for a dollar". The physical privilege of the dollar is no more, and all the public has for $McDBucks is what Golden Arches Corp. has to say about it; total control of the national currency.

Essentially, if you take away accessibility in a currency, especially if it's physical, people lose control over the currency. When everything is digitalised and streamlined with no physical leeway for people to dictate its value, there's no way for the public to present even a single percentage of risk towards the corpos holding monopoly over them, and since the corpos ARE the one who owns the public services, doubly so.

Which means the corpos are free to do whatever the hell they want with the world, seen as they control the national currency and hold it AWAY from the public. They could shut down cryptocurrency investments and kill off another avenue for public control. They have a get-out-of-jail-free card with digital $$$. There is no chance for a large scale r/wallstreetbets type shit, because there is no platform for it. People can't simply start a coup, because the understanding of the national currency is ENTIRELY DEPENDANT on the corporation that owns it.

That is unless we go back to good ol' bartering, but at this point, and the fact that as time passes, chances of a working revolution wanes, and that corpos would probably have their own private military and would definitely use the police force to their benefits, I don't think that'll ever fly.

That's what I want to ask about. If the simple, public conscious of the dollar is given to a corporation on a silver platter with no consequences, what will become of it? What will happen to the criminals who depend on that simple, public greed for the dollar as they adapt to a currency that's basically locked behind a totalitarian paywall? How far will the corpos take it?

It's a somewhat interesting thing to think of tbh

 

[Assurbanipal_II]

In the common sense, money is that, yes, but that's now how it is in the public eye. I apologize if I seem to be shifting goalposts but what I had in mind was more of the concept of money GEARED towards how commoners using it and the effects of it. I probably didn't put my point across well but I was wondering more on how the public would handle the ACCESSIBILITY of cryptocurrency, as it's handed to them instead of them understanding the concept itself.

You see, even if cryptocurrency and the BurgerDollars™ are considered Fiat currencies, people don't acknowledge the former as such, because they simply don't understand it or wish to do so. The US Dollar is simple: one dollar will always be one dollar. When a burger goes from one dollar to one dollar AND A HALF, people don't go "oh shit the Dollar dropped" people to "oh fuck they made it more expensive again".

Meanwhile, in cryptocurrency land, you'd be surprised to find out how hard of a concept it is for people to grasp.

"What? Yesterday $CRYPTO is one cent??? But today is three cent??? And tomorrow maybe two cent or one point one cent???"

What's worse is that its value is MEASURED with the US Dollar, backing up said Dollar's widespread use and how easy it is to understand its value on the most fundamental base, at least from what the public conscious is aware of. What's more is that the US Dollar is a currency with PHYSICAL tender. It's a big stretch to consider it, but since physical tender relies on the public's trust on the currency, it IS possible that the US Dollar value will be entirely free from the grasp of the free market. Imagine if one day, every single lerson on Earth decided that one bag of milk will always cost One Dollar, and everything else will be the same value. Inflation doesn't matter to them. No matter what the government and Corpo said the public still uses dollar as if one bag of milk costs One Dollar. The point I'm trying to make is that the US Dollar has a physical presence, along with history and power behind it, which makes it an even easier currency to comprehend and a more powerful one to use. Looking at it now, it's virtually a fantastical thought of even think that cryptocurrency could catch up to the US Dollar.

Now what happens if the US Dollar was whisked away COMPLETELY and turned into $McDBucks. Using the same mass corporation monopolization hellscape I described, what do you think will become of the public conscious towards the new McBucks? Now stores and shops and hospitals and postal services demand it, and you can't pay it like you paid for your old burgers with old paper money; you have to pay it with these fancy new technologies with cards and phones now.

Realistically, nothing has changed. Money is still money, and presuming the corpos does things well, the public conscious of the US Dollars will be adopted to the new $McDBucks, as in one McBuck will always be one McBuck, and a bottle of water turning from one McBuck to two McBuck isn't the McBuck losing value, but simply shit getting expensive. The line of thought ends there; there's no reason why shit got expensive. It simply happened, in a vacuum.

But here's the thing: paper money is gone. Trust is entirely dependent on what their card says or what their phones tell them. The public holds no leverage over how much they want to pay. There's no "keep the change" or "look away for a dollar". The physical privilege of the dollar is no more, and all the public has for $McDBucks is what Golden Arches Corp. has to say about it; total control of the national currency.

Essentially, if you take away accessibility in a currency, especially if it's physical, people lose control over the currency. When everything is digitalised and streamlined with no physical leeway for people to dictate its value, there's no way for the public to present even a single percentage of risk towards the corpos holding monopoly over them, and since the corpos ARE the one who owns the public services, doubly so.

Which means the corpos are free to do whatever the hell they want with the world, seen as they control the national currency and hold it AWAY from the public. They could shut down cryptocurrency investments and kill off another avenue for public control. They have a get-out-of-jail-free card with digital $$$. There is no chance for a large scale r/wallstreetbets type shit, because there is no platform for it. People can't simply start a coup, because the understanding of the national currency is ENTIRELY DEPENDANT on the corporation that owns it.

That is unless we go back to good ol' bartering, but at this point, and the fact that as time passes, chances of a working revolution wanes, and that corpos would probably have their own private military and would definitely use the police force to their benefits, I don't think that'll ever fly.

That's what I want to ask about. If the simple, public conscious of the dollar is given to a corporation on a silver platter with no consequences, what will become of it? What will happen to the criminals who depend on that simple, public greed for the dollar as they adapt to a currency that's basically locked behind a totalitarian paywall? How far will the corpos take it?

It's a somewhat interesting thing to think of tbh

I guess this is called slavery then. Or a planned economy.

But my point is, cryptos are not currencies in the proper sense of the word as they would require legal recognition. So far, they are the product of pure speculation, bubbles that will cost one some people a lot of money, a gigantic Ponzi scheme. When push comes to shove, nobody wants to own cryptos.

 

[Deleted member 46002]

Damn, you guys are writing essays right there

 

[Zero300]

Paperless money is the future. Them sci-fi TV shows/movies are right!

 

[Wintertime]

Oh boy, long explanation about cryptocurrencies and money, so get packing.

Cryptocurrencies function due to transforming data into tangible goods. Solving an equation in a blockchain through computer calculations generates tangible value through money. For example, let's say I call my cryptocurrency 'WinterCoin.' For every blockchain I solve, I generate one WinterCoin. The WinterCoin is created in exchange for the electricity needed to run the computer that runs the calculations to create the blockchain.

Now, I have one WinterCoin. How do I understand the value of my WinterCoin? Well, you can place value on how much money it took you to run the calculations to create the WinterCoin, but it really depends on how many people are willing to also do the same, how many people are willing to trade real-world cash into crypto, and what services they can provide with WinterCoin.

Rule 1: Cryptocurrencies act as a mediator between currencies. As more people are willing to use WinterCoin, the more it's perceived value is increased or decreased. Why is that? This is a plus towards decentralized currency because the money is only good as the trust given to each other to uphold their services. If one hundred different people decided to pour their US dollars into WinterCoin, the value of WinterCoin would increase in tandem with whatever's countries currency currently poured in. For this reason, inflation can be completely removed if we cap the amount of WinterCoin one can create in the cryptocurrency space; it would just mean that WinterCoin will change in value once it hits the cap.

For example: Let's say I make it so 100 WinterCoins can only be created at any given time in existence. Let's also assume each WinterCoin is worth "x" US Dollars. Now, since more WinterCoin's cannot be created, only one of two things can happen. Either the price of the ratio of WinterCoin to US Dollar will go down, or the WinterCoin will be exchanged for valued goods so more WinterCoin's can be created. Either way, supply and demand will even out the price of my cryptocurrency out of necessity. If big corporations are monopolizing WinterCoin, then the WinterCoin value will drop immensely, (causing them to un-monopolize them to save money at the risk of WinterCoin becoming useless.) As a byproduct of the big corporations not wanting to lose profits, then they will allow more WinterCoins to be created because they are selling WinterCoins that are going down in value. It's the eternal prophecy of the snake eating its own tail.

Blockchain Calculation | Real World Currency (EUR, Dollar, etc) > WinterCoin > WinterCoin Network > Tangible Goods.

So how should you think about it in your world? Well, cryptocurrencies might be the closest you'll get to an intergalactic currency. For example, let's say there are three planets with each their own different currencies and their own different technologies. Well, introducing cryptocurrencies would be a great step into negotiating trade deals through their very own tangible goods. The planet with the highest technology would dictate the fair price of certain goods, but since there is a cap on how much you WinterCoin you can create, they can never monopolize the market.

To answer your question, a world where AnCap levels are dialled to the MAX and one corporation owns all the products and distributions of goods, Cryptocurrency would not survive (nor even be possible in that scenario.) HOWEVER, If the cryptocurrency extends to across planets, then theoretically your world with the big organizations can function with trade between planets with other corporations of equal technology.

 

[BenJepheneT]

Say that this corp™ has monopoly at money™, it won't work. Money™ is literally the middleman of trade so someone or something out there would prevent it. It can be prevented by having other money™ or a different trade system.

But since you said a scenario where corp™ has monopoly at money™, let's also assume that they got monopoly at resources™ as well. What would happen is that there will be a power shift, old governments are thrashed and they instead become the government.

Let's also count the 'they are a blatantly corrupt/blatantly biased/blatantly unfair' variable. This means that even if some media™ or people decides to reveal some scandal™, it doesn't affect them since they openly do that unlike the democratic gov™ (we?) have now where you need support from people so you can gain power.

Yes, that is the context in the first place. At this point, if the Corpo were to own literally Money™ it must be established that they have enough resources hidden up their colon to be able to do so. And since we're talking about an AnCap dystopia, media doesn't work on them at ALL. Only that they control what you see, or what their opposition slanders on em' (I'll elaborate on this later)

This also means that they are pretty much the gods of the people now. Since they already have the power and resources, if they want to live they can do it freely. But since you said that this corp™ likes to play kingdom games™, let's take that variable in.

This means that the corp™ would lead the people, willingly or unwillingly. Though the question of why lead people if they have resources to do automation is solved by reasons that 'they just do since they like to play kingdom games™'.

You see, what I had in mind was different. Instead of just expanding upon what you have, my idea is that the corp™ would Aggressively EXPAND into, let's say, outer space. They'll making mining colonies, or exclusive rich people cities on certain exotic planets, because no matter how rich and powerful you are, you'll still need to fund your currency in order for it to worth anything at all.

And if you're confused, I'm talking about corporate warfare. Not the literal kind but the one fought on the most cutthroat battlefield in the world: the arena of market. The widespread monopolization via crypto would probably start in a nation with a strong Fiat currency (say, America). In order to compete, other countries would probably undergo the same thing. Some corpos would probably be forced to join hands with one another just so they could level the market themselves. Hell, they'll probably buy into the borders of other countries and swallow them whole, turning them into neo-colonies just so they could have an edge of the competition. After that it's just a constant climb to pump more value into your currency so that you can have more buying power than anyone else.

And at this point, why not just use outer space as a means to do so? Mining colonies? Who needs automation when you can use prisoners or war/extraterrestrial life through 'peace treaties'? They'll probably relegate automation to arms manufacturing or pharmaceuticals; avenues that require pin point precision and fast production, because those things will forever be on a high price. As for the others? Fuck it, cut the costs; just use petty thieves and robbers. Pump their sentences when they're not looking and send more in.

Alright, we got the backround of our corp™ done. Let's move on to how they affect the world.

At this point, the corp™ would keep people and if they want to keep people and play kingdom games™, they must brainwash them that they are 'safe and free'.

This means that they have to appeal to all humanly desires and the most simple way to do that is to give them resources™. This would mean that they would have to give but not too much else it became a problem. They would also need people to think that they don't have too much resources or human's greed appears.

But here's the thing: why appeal when you are the grandmaster of it all? People literally depend on your services to live and function. corpo's literally have grandma's life support in their hands. What they need to do is to ensure that there is no alternative to their economy, which means competing with other corpos to make sure their crypto is worth more than THEIR crypto, or to sabotage their services and make a bad blow to their reputation.

Of course, they can't be too evil about it. After all, PR is STILL something an OMNISCIENT Corpo has to manage. They'll probably keep the usual services up and just charge a hefty some behind it. Public school? Fuck it, have a monthly school fee of 300 McBucks. Thank you; you don't have an alternative. Don't like it? Fine, go to KFC's school instead. It costs 500 Kentucky Dollars there. It's the same value as McBucks, but instead of earning 1 McBuck per hour it's as shitty as 20 Kentucky Cents per hour. Also you can't change currency, because we're currently having a war in Saturn over the asteroid ring and we don't like them.

The competition would be so abrasive and sudden that greed would be second to STAYING THE FUCK ALIVE in the economy, which means rampant expansion and before you know it, faster than light travel, JUST TO COLONIZE a star system before the others do.

Now their education. They would either twist and limit the truth that they learned, this way the people could be 'controlled' in a way. This also means that your(yes i'm talking to you reader) standards would be different than them. If you are taught that slavery is illegal, their education might say "slavery gives them purpose in life, since they don't have one we give them" and expect this in a good way to them. Additionally, once the people's education is quite high, this would affect 'herd mentality', making the knowledge a 'common sense'

Now for the corp's™ relationship to people. They must be in a good light and be a separate entity or power. If the people knew that they could reach the corp™, I guess you know what would happen. So in order to control people's social instincts, the corp™ would create 'factions' and make people side so they could have their focus directed at something else(and as you know, people's instincts is to 'group' themselves to others. And when there are other groups, there will obviously be 'misunderstandings'.

Like I said, other corpos can do that. But they have to be subtle about. Let's say KFC owns the public education. They can drop subtle nods that "hey, nuggets are made of chicken shit" instead of outright saying McD sucks. Subtlety is the name of the game. PsyOp your population into hating McD, and before you know it, your public is doing your work for you.

They don't even need to build an artificial faction. Corpo dick suckers will be rampant, since they control the narrative, no one else will be in here to read about anything else. You COULD do your independent research with independent media, but at this point, what's the use of knowing when you're unable to do anything about it. Plus, you're not rocking with McDnews? CRINGE.

So they would be the gods that monitored people in order to keep themselves safe. You could say that they would have 'eyes' to watch people's movements and when they detect something bad, they just have to cut off the resources™ and 'flushed' them out so they can be 'reset'. This means that things that are 'illegal' aren't illegal as long as they allow it.

They'll do the basic surveillance drone squad and somehow, they'll be able to manage a package system for the police, like the trauma team from Cyberpunk 2077. I guess that instead of a Big Brother scenario where they push against things that'll slander them, they'll just put more focus on crimes that affects they're currency (money crimes. Idk. Give me examples).

The cops will probably be paid a pittance and eat more corrupt lunches than honest meals in their lives. Hell, turn a blind eye so they'll earn an extra.

They also need to make people have 'busy'. This means no simple farming lives, they have be 'lively' be it metropolis life, war-stricken life and anything to make their lives 'interesting'. You need to be well aware that having everything isn't all fun without 'entertainment' so they have to make it 'interesting'.

Ye, but the corpos won't do it. The billionaires would. Probably send in arena bloodsport type shit and The Running Man-esque live television using bought prisoners or those looking to make a quick buck. Private, gladiator type fights, you know?

 

[BenJepheneT]

Oh boy, long explanation about cryptocurrencies and money, so get packing.

Cryptocurrencies function due to transforming data into tangible goods. Solving an equation in a blockchain through computer calculations generates tangible value through money. For example, let's say I call my cryptocurrency 'WinterCoin.' For every blockchain I solve, I generate one WinterCoin. The WinterCoin is created in exchange for the electricity needed to run the computer that runs the calculations to create the blockchain.

Now, I have one WinterCoin. How do I understand the value of my WinterCoin? Well, you can place value on how much money it took you to run the calculations to create the WinterCoin, but it really depends on how many people are willing to also do the same, how many people are willing to trade real-world cash into crypto, and what services they can provide with WinterCoin.

Rule 1: Cryptocurrencies act as a mediator between currencies. As more people are willing to use WinterCoin, the more it's perceived value is increased or decreased. Why is that? This is a plus towards decentralized currency because the money is only good as the trust given to each other to uphold their services. If one hundred different people decided to pour their US dollars into WinterCoin, the value of WinterCoin would increase in tandem with whatever's countries currency currently poured in. For this reason, inflation can be completely removed if we cap the amount of WinterCoin one can create in the cryptocurrency space; it would just mean that WinterCoin will change in value once it hits the cap.

For example: Let's say I make it so 100 WinterCoins can only be created at any given time in existence. Let's also assume each WinterCoin is worth "x" US Dollars. Now, since more WinterCoin's cannot be created, only one of two things can happen. Either the price of the ratio of WinterCoin to US Dollar will go down, or the WinterCoin will be exchanged for valued goods so more WinterCoin's can be created. Either way, supply and demand will even out the price of my cryptocurrency out of necessity. If big corporations are monopolizing WinterCoin, then the WinterCoin value will drop immensely, (causing them to un-monopolize them to save money at the risk of WinterCoin becoming useless.) As a byproduct of the big corporations not wanting to lose profits, then they will allow more WinterCoins to be created because they are selling WinterCoins that are going down in value. It's the eternal prophecy of the snake eating its own tail.

Blockchain Calculation | Real World Currency (EUR, Dollar, etc) > WinterCoin > WinterCoin Network > Tangible Goods.

So how should you think about it in your world? Well, cryptocurrencies might be the closest you'll get to an intergalactic currency. For example, let's say there are three planets with each their own different currencies and their own different technologies. Well, introducing cryptocurrencies would be a great step into negotiating trade deals through their very own tangible goods. The planet with the highest technology would dictate the fair price of certain goods, but since there is a cap on how much you WinterCoin you can create, they can never monopolize the market.

To answer your question, a world where AnCap levels are dialled to the MAX and one corporation owns all the products and distributions of goods, Cryptocurrency would not survive (nor even be possible in that scenario.) HOWEVER, If the cryptocurrency extends to across planets, then theoretically your world with the big organizations can function with trade between planets with other corporations of equal technology.

So what about completely digitalizing the US Dollar? It's a huge fucking stretch nearing kindergarten levels of explaining "infinity money" but hear me out here: what if the entire currency, instead of relying on the money printing machine and the perceived value in the public's eye, relies on rampant ownership of more and more resources, given that they have the technology to do so. You know what's up: outer fucking space. We talking about mining Titan, excavating Uranus, colonizing Pluto, digging the fucking Sun (it's dangerous and impossible but bear with it for now).

I don't know if it's a concept different from cryptocurrency or similar or that it's the same fucking thing but what I had in mind is that there is no Blockchain or Real World Currency. In fact, it IS real world currency, but uploaded online. Just imagine one day all your paper money is replaced with a god damn app on your phone in which you can make your payments with. No one knows where those paper money went; it's all gone and uploaded to the internet, and instead of the National Treasury, McDonald's now owns them, and they're calling it McBucks. Instead of primarily trading with other countries to increase the value of McBucks, they build a McShip and fly outer space to mine the asteroid rings of Saturn for minerals, so that they can corner that part of the market and monopolize it. And since they're forcing absolutely everyone to trade using exclusively McBucks, everyone is forced to convert their piss poor paper money to Golden Arch Coins™ in order to purchase their resources, since they're the only guys who have that shit.

And what if other countries does this? What if China suddenly got horny and vored the entirety of Southeast Asia along with their economy, sending everything to cost the same as Yuan? They suddenly have the same idea as McDonald's and boom, Tencent now owns the CCP and every Yuan in the planet turns to become PUBGMOBILEcoins. Then Tencent builds a CCPenis capable of faster than light travel/hyperspace and finds a new star system with the same properties as Earth. They start to get exclusive natural resources that are either waning on planet earth or simply gone extinct eons ago. And now their PUBGMOBILEcoins are increasing in value because they have special voodoo plants only they could sell.

And because more corpos and coming out of the woodwork eating more countries and turning their currencies into internet money, now they're clamouring over every inch of space for more resources and star systems, introducing rampant colonization of different planets just to keep their economy afloat until the heat death of the universe.

Would this work? And if so, what will be the ramifications of it? How will the common people be affected by this?

 

[Katsurandom]

The valuele dogecoins also was raised a little before the second dip on GME stock(me thinks it will not rise again, if WSB was a Hedge fund it could though. but internet monkeys arent that coordinated.....and no i am not salty for a missed chance at easy money......not at all) granted doge coins only went from .007 to like .07 or so. Not a real gain unless your throw like 100k...

 

[Wintertime]

So what about completely digitalizing the US Dollar? It's a huge fucking stretch nearing kindergarten levels of explaining "infinity money" but hear me out here: what if the entire currency, instead of relying on the money printing machine and the perceived value in the public's eye, relies on rampant ownership of more and more resources, given that they have the technology to do so. You know what's up: outer fucking space. We talking about mining Titan, excavating Uranus, colonizing Pluto, digging the fucking Sun (it's dangerous and impossible but bear with it for now).

I don't know if it's a concept different from cryptocurrency or similar or that it's the same fucking thing but what I had in mind is that there is no Blockchain or Real World Currency. In fact, it IS real world currency, but uploaded online. Just imagine one day all your paper money is replaced with a god damn app on your phone in which you can make your payments with. No one knows where those paper money went; it's all gone and uploaded to the internet, and instead of the National Treasury, McDonald's now owns them, and they're calling it McBucks. Instead of primarily trading with other countries to increase the value of McBucks, they build a McShip and fly outer space to mine the asteroid rings of Saturn for minerals, so that they can corner that part of the market and monopolize it. And since they're forcing absolutely everyone to trade using exclusively McBucks, everyone is forced to convert their piss poor paper money to Golden Arch Coins™ in order to purchase their resources, since they're the only guys who have that shit.

And what if other countries does this? What if China suddenly got horny and vored the entirety of Southeast Asia along with their economy, sending everything to cost the same as Yuan? They suddenly have the same idea as McDonald's and boom, Tencent now owns the CCP and every Yuan in the planet turns to become PUBGMOBILEcoins. Then Tencent builds a CCPenis capable of faster than light travel/hyperspace and finds a new star system with the same properties as Earth. They start to get exclusive natural resources that are either waning on planet earth or simply gone extinct eons ago. And now their PUBGMOBILEcoins are increasing in value because they have special voodoo plants only they could sell.

And because more corpos and coming out of the woodwork eating more countries and turning their currencies into internet money, now they're clamouring over every inch of space for more resources and star systems, introducing rampant colonization of different planets just to keep their economy afloat until the heat death of the universe.

Would this work? And if so, what will be the ramifications of it? How will the common people be affected by this?

Completely digitizing the US dollar would just be a matter of when not how. The point of 'money,' is to give numbered value to action or item. For example, if I give you bread, then I can definitely give you a value on how much bread is worth tangibly. Nothing stops it from being something online. There will be a time where every transaction made will mostly be through online purchases, without the need for any physical money. What your confusion is, is that it's not about the money problem, it's about the world problem.

Papered money vs non-papered money doesn't change anything. If McBucks and PUBGCoins are the only two world currencies (all online), then those two world currencies would obviously be interchangeable through the ratio on how much buying power each of those two, and it would run exactly how our currency system works now. Now, if you are proposing that big corporations are owning the complete means of money production, then they would become a new 'government' type figure.

In your Anarchistic society with McBucks and PUBGCoins becoming completely online, they would be considered your main basic forms of currency, like the US Dollar and Euros, just online. And then, Cryptocurrencies would pop up based on those two currencies and their prices would go up or down depending on how much McBucks or PUBGCoins people invest in "X" cryptocurrency.

Centralized Currency prevents the means of production of currency. For example, The US Treasury prints 'x' amount of dollars per year. Now, only the GOVERNMENT can print money. No one else can print money other than the government legally. Decentralized currency (cryptocurrency) means that EVERYONE can print money, but they can print their very own unique type of money (WinterCoin), and each is competing to drive the value of their own type of money up while also trying to trade.

To answer your question. In your Anarchistic world, then McBucks and PUBGCoins would be considered main cryptocurrencies (since it's the most popular), and their value would be proportionate to how much people use them, and their would be sub-cryptocurrencies that stem from McBucks and PUBGCoins.

 

[Horizon42]

What if this was taken to an extreme? Where the obligations is streamlined, and that the bill is never there to cover it all? There are no promises, or that there's only promises. The bill's always been there, or that there's never was any bill in the first place? Credit is cut out from being the middle man, or that credit is the only way to go?

I don't know if my monke brain is getting my point across or that I have the reading comprehension equivalent of a smoothbore flintlock pistol hitting a target from 20 feet away.


Is it possible for corporations to hijack/derail/sabotage/whatever-the-fuck other types of digital currency? As seen in reality, corpos have the ability to lock people out of stocks and investment already. Imagine an AnCap hellscape: fucker's would be able to do it naked in the open field under the sun with not an ounce of shame.

Unless my "research" is absolutely wrong, cryptocurrency is sustained by pumping it with other Fiat currency like the US Dollar or other cryptos. My idea is that, what if, the US Dollar was completely done and dusted for and itself HAS become a cryptocurrency. Yes, nothing will change, as you've said, but I'm not done yet: it isn't the government holding monopoly of the currency but a corporation run by suits with no morals or need for public image, since they're essentially running the world.

I'm sorry if I'm being confusing here. Like I stated in my OP I was basing this entire concept on a dystopian AnCap universe.

Back to the point, what if the corpos completely monopolized cryptocurrency market; at least the accessibility for it. Most of crypto (unless my "research" is fucken dog shit) relies on the public pumping it up. If that connection is severed, it'll be hard to use any other cryptocurrency, since the Corpo has pumped their version of the $DOGE so high that it's practically pointless to use any other currency. And, as stated in OP, it's an AnCap dystopia; Corpos practically own public services, everything is paid for and with their crypto bread.

Of course, you're gonna have some underground kingpin who has their own connections and ways to access the digital-bag market; maybe even has his own viable currency to use for his businesses alà Funni™ Golden Coins from John Wick. But that's stretching it too far.

So yes, what do you think about that concept, and how can it be dismantled?

This corpo would basically be a government. The goal of any buisness is growth. So to start off with, that amount of control wouldn't really help a corpo grow since it would stifle the economy. I could see them owning a currency exclusively and profiting off it's use. But I don't think that's your point. Is it possible? Technically yes. The corpo could basically dethrone the gov't (note that the gov't has certain measures to prevent a corp from getting this powerful), but the rich mindset is fundamentally lazy. I can't see there being any upsides to a corpo taking on that much responsibility.

Now circumventing or destroying this big corpo would be easy. They piss off one too many people and a guy shows up at the HQ with a few vials of HCN and kills the whole building. Problem solved. A sizeable portion of the population would just roll with it and adapt unless there was a catalyst for reveloution. There would be maybe 30-50% of the population who would just do their own thing. Both using the new system but also engaging in hacking and setting up their own technologies. The active rebellion group would be small, just maybe 3% of the population at most.

Also crypto currencies aren't sustained by inputting other Fiat currencies. They are sustained by use. You buying a pizza with crypto you bought however long ago (or earned in a job) is the same as transferring it to $50 USD. Whether people think or believe that 1 dogecoin is worth $0.09 or $5,000,000 USD is where all the fluctuation comes from. FIAT currencies is literally faith based economics. Praying for the value of your coin or dollar to rise might just work.

Crypto is real money. The difference between the presence of a $5 bill in your hand or in your bank account is none besides the convenience that the bill has without an internet connection. That's literally the only difference. Established currencies are regularly traded just like they are traded with crypto. The difference is that a whole lot more people are invested in and putting work into established currencies.

 

[Horizon42]

So what about completely digitalizing the US Dollar? It's a huge fucking stretch nearing kindergarten levels of explaining "infinity money" but hear me out here: what if the entire currency, instead of relying on the money printing machine and the perceived value in the public's eye, relies on rampant ownership of more and more resources, given that they have the technology to do so. You know what's up: outer fucking space. We talking about mining Titan, excavating Uranus, colonizing Pluto, digging the fucking Sun (it's dangerous and impossible but bear with it for now).

I don't know if it's a concept different from cryptocurrency or similar or that it's the same fucking thing but what I had in mind is that there is no Blockchain or Real World Currency. In fact, it IS real world currency, but uploaded online. Just imagine one day all your paper money is replaced with a god damn app on your phone in which you can make your payments with. No one knows where those paper money went; it's all gone and uploaded to the internet, and instead of the National Treasury, McDonald's now owns them, and they're calling it McBucks. Instead of primarily trading with other countries to increase the value of McBucks, they build a McShip and fly outer space to mine the asteroid rings of Saturn for minerals, so that they can corner that part of the market and monopolize it. And since they're forcing absolutely everyone to trade using exclusively McBucks, everyone is forced to convert their piss poor paper money to Golden Arch Coins™ in order to purchase their resources, since they're the only guys who have that shit.

And what if other countries does this? What if China suddenly got horny and vored the entirety of Southeast Asia along with their economy, sending everything to cost the same as Yuan? They suddenly have the same idea as McDonald's and boom, Tencent now owns the CCP and every Yuan in the planet turns to become PUBGMOBILEcoins. Then Tencent builds a CCPenis capable of faster than light travel/hyperspace and finds a new star system with the same properties as Earth. They start to get exclusive natural resources that are either waning on planet earth or simply gone extinct eons ago. And now their PUBGMOBILEcoins are increasing in value because they have special voodoo plants only they could sell.

And because more corpos and coming out of the woodwork eating more countries and turning their currencies into internet money, now they're clamouring over every inch of space for more resources and star systems, introducing rampant colonization of different planets just to keep their economy afloat until the heat death of the universe.

Would this work? And if so, what will be the ramifications of it? How will the common people be affected by this?

Crypto is real money. The difference between the presence of a $5 bill in your hand or in your bank account is none besides the convenience that the bill has without an internet connection. That's literally the only difference. Established currencies are regularly traded just like they are traded with crypto. The difference is that a whole lot more people are invested in and putting work into established currencies.