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by mudlus 1555 days ago
All value is explanatory, that is, even if it has "intrinsic value" like carbohydrates in ATP in a cell, it is still knowledge instantiated for a resilient purpose (eg to power a cell to replicate its knowledge).

As explanations change, value changes, so anything can be a currency at the level of the individual--in this way, at least for conscious minds, a public monopoly on money is, while possible, morally wrong. It's a form of Marxism.

There's already been a solution the problem of state monopoly on symbolic abstractions for value (money), that started with Bitcoin and has been growing a new global economy since 2009.

1 comments

The state has a monopoly on money because they collect taxes. Try paying your taxes in BTC and tell me how that goes.
What do you mean by, 'Try paying your taxes in BTC ...' ?

In USA, sales taxes are paid to government by the vendor. As just a typical person in USA who does not work for federal government nor reside in D.C., sales taxes and property taxes are all that I (implicitly) pay. The vendor and I determine amount and type of my payment.

Your comment had a threatening tone implying something bad may happen. What is the lurking threat?

You don't pay federal income taxes?
Many people don't qualify to pay 'income' tax, but most people just think they have to do it. And employers withhold it from wage slave paychecks, which does make it challenging to opt out.

Definitely possible to not have what is known as wage income. Many do it. The super rich structure their affairs to avoid being in that system of voluntary contributions.