It’s greatest advantage is scarcity and inability to counterfeit
I'm not convinced that "scarcity" in something that has no actual productive value has any meaning at all. It drives faith that it has value, but that is just the creation of belief, that has nothing to do with reality. Conmen have being using "there's only 3 of these in the world" to sell snake oil since snake oil was invented. Scarcity is not a selling point, unless it is BOTH scarce AND has intrinsic value; i.e. the capability to do work.
Certain blockchains coins also represent access to computational resources
If there is productive value, AND its value is tied directly to its productive capacity, AND that productive value is unique in some meaningful way (or if not unique, then better suited than some other tool that has a commensurate lesser value compared to ITs capacity to do the same work), then I agree that it at least has the potential to be a valid currency (assuming it isn't too scarce).
That's a lot of things it needs to have. It's all the same things every other currency (that wasn't mandated by law for taxes) has had. As far as I am aware, not one single current crypto has all of those qualities.
governance incentives to the coinage itself
This is nothing but fiat. This is something to be avoided at all costs. This is what leads to tyranny, as my paper will show clearly.
Either way any of your at-length writing you mentioned about the fed system I’d happy to look at
There's a lot of work yet to be done. I first have to finish my report about The Matrix (almost done?). The economic stuff is also mostly written, but it will have to wait til after Part 2 (The Matrix) before I can finish it off. Here is Part 1 of my report for context.
I'm not convinced that "scarcity" in something that has no actual productive value has any meaning at all. It drives faith that it has value, but that is just the creation of belief, that has nothing to do with reality. Conmen have being using "there's only 3 of these in the world" to sell snake oil since snake oil was invented. Scarcity is not a selling point, unless it is BOTH scarce AND has intrinsic value; i.e. the capability to do work.
If there is productive value, AND its value is tied directly to its productive capacity, AND that productive value is unique in some meaningful way (or if not unique, then better suited than some other tool that has a commensurate lesser value compared to ITs capacity to do the same work), then I agree that it at least has the potential to be a valid currency (assuming it isn't too scarce).
That's a lot of things it needs to have. It's all the same things every other currency (that wasn't mandated by law for taxes) has had. As far as I am aware, not one single current crypto has all of those qualities.
This is nothing but fiat. This is something to be avoided at all costs. This is what leads to tyranny, as my paper will show clearly.
There's a lot of work yet to be done. I first have to finish my report about The Matrix (almost done?). The economic stuff is also mostly written, but it will have to wait til after Part 2 (The Matrix) before I can finish it off. Here is Part 1 of my report for context.
Do you not see the link above?
Here is the link sans linkage:
https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/