#reputation As #currency : A #blockchain Exposé
▻https://hackernoon.com/reputation-as-currency-a-blockchain-expos%C3%A9-f43e0a0a72c9?source=rss-
The dollar bills in your pocket might as well be tokens in a video game.In fact, the idea that money holds value at all is a misnomer. The only true item of value in the game of money is credit, which is to say the only possessable value that can be maintained and controlled is one’s reputation.To understand why, though, you first need to understand when and how money assumes value in the first place.Money doesn’t hold value until a community of people grants it value.Money only provides a means of making trade easier.That’s the bottom line. It allows you and I to more easily agree that a gaming console is worth $100, and a game for that console is worth $10. Money serves as that central anchor against which all items are valued. That’s it.The only way that money can be used to create value (...)