On Tue, 06 Nov 2012 22:32:03 +1100 ianG wrote: > Well, I'm not disagreeing totally - just pointing out that if you are > going to design a money system, then you'll need a better definition of > what "fair" means than that which is bandied around in the popular media.
The appreciation of fairness comes from one's principles/axioms. For example how one defines freedom, what human rights one believes in (if any), etc. > E.g., think of the price of a beer. At the supermarket, it might be $1 > for a can or bottle. But at the pub, it might be $4. And if you make > it yourself, it might be $0.1 or less. I have no problem with that, and I didn't ask for any price control. > Drawing from finance theory, they are only getting "money for free" if > we ignore risk. Those who invest in a risky product get a bigger > reward, typically calculated as the inverse of the risk. Money is not a product, or a good, it's the way to exchange them. _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
