I have been dazzled by money about year now. I have used hundreds of hours reading and understanding currencies, value, wealth, metacurrency, openmoney, credit, counter, debt…you name it. I have used hundreds of hours understanding money’s relation to interaction, exchange, trading, economy, state, power, identity, contracts, behavior, media, social media, law, justice…you name it. I have used hundreds of hours understanding money’s relations to poverty, unemployment, violence, availability of drugs, inequality, wars…you name it.
I think I have arrived to the final zone, where money is just a extremely simple mechanism which fits to human psyche extremely well. The question which has hounded me in the final zone is: “Are there other extremely simple mechanisms like money besides the money we know?”. I am pretty sure that there are, at least one.
I have seen dozens of attempts to describe alternative moneylike things or economical systems using money differently or set of rules how to slightly alter money. They all have at least one thing in common, they are not simple enough. I think that the moneylike thing that world and mankind need to build on is one step next to money. Only one step and the smallest kind step.
Money has only one dimension and that is amount or measure or quantity. The moneylike thing that is most closest to money is thing that has two dimensions. The other needed dimension is quality or semantic or meaning.
Imaging two-dimensional money is extremely hard, almost as hard as imaging five-dimensional reality, but imaging is worth trying, believe me.
There is several derivatives of two-dimensionality:
– Two-dimensional money doesn’t run out -> no poverty, no loans, no debts
– Two-dimensional money doesn’t have interest -> no banks
– Two-dimensional money doesn’t lose the quality of value -> economy is like users of money (if users want sustainability then economy is sustainable, if users want growth then economy is growing etc.)
All these derivatives emerge because of greater freedom of user of money. I think that Michael Linton means by open money exactly same thing as two-dimensional money, but Linton uses phrases like “open money comes back” which in my opinion are not relevant/accurate descriptions. Money goes around, two-dimensional money stays put, not go around or come back.
Two-dimensional money has been severe change maker for me and i think it will severe change maker for mankind also. It has enormous power to change human behavior. Direction of change is magnificent but speed of change can be crushing.
I’m only slightly exaggerating when i say that all problems we know will be wiped out when one-dimensional money gives way to two-dimensional money.