Are the transaction costs reduced by money primarily cognitive costs? Those can get bad in a giant network of creatures with mean IQ=100
@psygnisfive store of value is one of the most important functions of money, but they're also at least a symbolic medium of exchange
-
-
@psygnisfive symbols reduce cognitive costs -
@sarahdoingthing definitely! there are lots of symbol systems out there besides money tho :)
End of conversation
New conversation -
-
-
@sarahdoingthing except it's not exchanged for anything. there's no expectation reciprocity of any sort -
@sarahdoingthing in money systems I mean. you don't trade money for money, you do with Kula rings
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.