I was wondering if the advent of so many cryptocurrencies, derived from different applications and purposes, is anyhow connected to this aspect of different natural “currencies” for different values, that support different relationships.
I think the cryptocurrencies could be part of the answer to diversifying. I think the work on using blockchain and other cryptographic accounting efforts could add value. There is a risk to “over-quantizing” nature which might not be reducible to just numbers, but I think it would be a great step forward to create a way to account for natural resources in our economy.
I see crypto offering us two valuable things:
Helping humans see the irrationality of trying to keep score ($, £, ¥, etc.) in some grand Monopoly game. When money can be created by anyone, and traded for arbitrary amounts that fluctuate dramatically, it starts to be seen as a silly thing, compared to things of real value, like what Maslow listed in his hierarchy of needs. (At least it’s silly for basic resource allocation. For games it’s fine.)
Creating a global data for resource tracking to be used in what I call a “resource dating service” where you input your offers of excess resources (materials, art, technology, etc.) and your needs/wants, and some global system helps connect the offers and requests effectively and efficiently.
I would say the master currency is ingenuity or a process similar to alchemy. The ability to convert abundant naturally occurring resources into other systems of value in a highly efficient productive manner. Money, power, natural resources, etc. are just inputs to the process. The perceived hope of artificial intelligence is in the never ending error free source of ingenuity. AI seems to be the latest incarnation of the Philosopher’s Stone, Elixr of Life, Fountain of Youth, the Golden Goose, etc…we know how well they turned out.