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by anotha1 1878 days ago
I've been playing with programmatic money since selling runescape gold for PayPal dollars. I guess I just need more idk
1 comments

Huh? That's not what "programmatic money" means. You're confusing it with digital currency.

Programmatic money means you can define code/program with the money itself. In a trivial case I could easily program the money (called a smart contract) to pay you $1 every day. I could put $1000 in that contract and you could have near-total confidence of that payout schedule. The code itself is a property of that money, and its execution is enforced by the same system that secures the overall ledger.

Incorrect. You're confusing "enough trust to make the world go around" with "so trustworthy we're neglecting that it's bad for the world."

And I mean the latter more in terms of the brain drain than ecologically, which ironically may not get solved because of that brain drain.