[sudosysgen]

People thought of this issue since 1870 and the solution they came up with is simply non-transferable rationing devices. In traditional Marxist terms this was labour vouchers but nowadays there are much better solutions. Marx himself wrote about this, in terms of primitive accumulation in socialism.

For sure there are a lot of issues, but this isn't one of them.

You could in theory have bribery in material terms, but this is much easier to trace than in money terms.

[edgyquant]

My argument was with the idea that money will be gone as a rationing device. You can come up with alternatives but it’s the human nature that is the problem not the technology we use to ration resources. Let me know when this bug is fixed.

[sudosysgen]

Well, that's not the problem we were talking about, is it? We were talking about the issue of bribery, which is made possible by the fungible nature of money.

[edgyquant]

Yes it is, namely this is the GP

> Money is the one unpatchable zero-day for every platform and service on earth.

To which the response was that Karl Marx had submitted a fix

[sudosysgen]

Yes, and? I think you missed a few steps. Someone then answered that bribery is still possible, and I answered again.

[edgyquant]

I didn’t respond to the bribery comment I responded to the patch comment saying to let me know when scarcity is solved. I think it may be you who has added a step there, friend.

[sudosysgen]

Money is not the only device that can translate relative preferences.

Just because things are scarce does not mean that non-scarce tools such as software must be bent to monetary incentives that reduce their value.

[imtringued]

I don't really get it. How does this prevent people from holding onto foreign currency or gold?

[sudosysgen]

Who is going to sell you forex or gold for non-transferable tokens?

[edgyquant]

Non-transferable tokens aren’t going to be a successful replacement for money

[sudosysgen]

In a capitalist economy certainly not.

[edgyquant]

In any economy that isn’t post-scarcity dude, money wasn’t invented by capitalists nor was the idea of an exchange.

[sudosysgen]

No, modes of rationing and discovering preferential subjective values are necessary. That does not imply what is meant with money, which is infinitely durable, portable, fungible and uniform.

Already rationing systems which do not fit the definition of money are being employed. For example in the post-pandemic period the PBoC has issued consumption tokens with an expiration date.

You are simply confusing the idea of a scarce token with money. Money is in the former category but the former category is not money. The necessary function is to translate consumer preferences into numeric terms. For this fungibility and durability is not necessary.