A new research article went up today, Barter Not Currency.
Computers provide us new opportunities to revisit all previous ideas, The Barter not currency piece revisits what the purpose of currency is in the computer age. The purpose of currency is crude accounting. Currency is the crudest of accounting where possession is the accounting.
In the computer age it is crime against humanity to stick to the crudest of accounting practices when computers offer total accounting at little or no cost.
Therefore going forward society should only rely on barter, not currency.
Barter Not Currency 04/12/2025