@vgr no
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@vgr that's blockchain, no? -
@BaronGreen_Back no, exploring something more basic
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@vgr Money is for: -store of value -means of exchange -unit of account Economic calculation requires the third. Differences in liquidity -
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@vgr maybe instead something like not needing markets/tradingThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr yes, in Arrow-Debreu the choice of the numeraire good is totally arbitrary. Don't need to be single good, could be abstract basket.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr http://wwwf.imperial.ac.uk/~mdavis/docs/ArrowDebreuPrices.pdf … you could have all transactions be denominated in terms of icecream delivered on a sunny July 1st 2014 in SFThanks. Twitter will use this to make your timeline better. UndoUndo
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