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by zionic 1878 days ago
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.

1 comments

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.