What Could We Really Do with the Idea of Money?
When you think about it, money is a pretty ingenious idea. Make these little slips of paper, agree that they have value, and use them in trade for stuff. Simple, elegant, useful...allows people who don't even know each other to do business. Very slick.
But have we taken this basic idea as far as we could? Are there other ways of assigning value to pieces of paper? And what possibilities open up when you use bits on a computer network instead of paper? Are there other modes of exchange besides economic ones that might be facilitated by little bits of paper?
We think of the Generosity Game as an example of the generalized application of currency. In our view, currency is a technology. And what do we do with technology? We innovate. We invent. We create. We play.
Viewed from here, the technology of currency has been fairly moribund for a long time. Even the advent of credit cards and electronic cash is only a change of form, not a leap into a new creative space.
We are not necessarily talking about a total economic revolution. Money as we know it will probably continue to be important. It would be interesting to try to build an entire economic system based on Generosity Virus Cards, but we're probably a couple centuries away from having a society on Earth that could carry that off.
The closest thing we could compare that to would be the potlatch economies that flourished in what is now the Pacific Northwest of the United States. A potlatch economy is an economy based on parties. You have a party, and your guests bring gifts, and then when they have parties, you bring gifts. This was a viable economic structure for centuries before the white man came with industrialization and lots of cheap stuff.
The Generosity Game is an example of what we call a semieconomic system. Not sufficient to support an entire economy (we think), but still valuable and worth promoting. Another example, more institutional, is the Dollar Democracy idea, which would exploit network technology.
A few useful resources: The Economics of Networks Site, The Bionomics Site, and a short document by John Stoner.