Has anyone experimented with barter nfts? I borrow a cup of sugar from neighbor and issue him a “cup of sugar nft” … solves dual coincidence of needs problems without a fungible currency. Crypto-hardened IOUs.
Solving for neighborhood favor trading liquidity and market-making, not enforceability. Enforcement is always solved with either guns or mutuality (aka iterated prisoners dilemma)
Idea: token representing line “this could just be a database”
Whenever someone says that, you send a screenshot to a minting contract and it issues you a token if you’re first. Proof-of-backlash blockchain 🤔
Other qualifying comments: “crypto uses more electricity than X” etc
Original idea actually inspired by idea of a set of neighborhood rovers and drones owned by residents forming a local capability swarm. The point isn’t to solve just the stated problem but produce a generative “solution surplus.”
If you approach any novel solution concept with “this problem can just be solved with <non-novel concept>” you get creative degenerativity
You don’t need a database, pieces of paper will do
Why invent paper, scratches on rocks will do
Cavetech actually solves everything
And yeah, in yak rover project we’re discussing putting blockchain capability on our rivers for absolutely no good reason. Everything we’re thinking of doing with our Friendly Neighborhood Rover concept can actually be done by walking over to your neighbor’s cave with a rock
For certain commenters eager to inform me of certain supposed subtleties they presume I’m not aware of…
It may interest you to know that David Graeber blocked me on twitter a couple of years before he died.
Draw whatever conclusions you like from this
But a piece of paper is still easier for that, isn't it? So it doesn't win on convenience either. Perhaps the better question would be what benefit does crypto offer here that a piece of paper doesn't? I can see valid arguments for currency, not sure about borrowed sugar.
you could build a public chain of trust with the fulfilled IOUs and then build supply chain finance facilities that use this information to hedge how they allocate funds