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RE: Want a Mall For $100 (and Ghost Cities in America)??
Nice post, and a good summary of the situation. We are likely to see continual falls in economic activity unless we find ways to spread wealth more evenly. It is only with some security of income that a populace becomes more economically active.
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ColdMonkey mines Gridcoin through generating voluntary BOINC computations for science...
I'm confident that a technology like Blockchain, accurately described as 'the Internet of Value', will afford communities the ability to create, manage, and exchange the value of their own creations and, thus, invigorate them with what they need most..money. There is an over-supply of 'money' in places that don't need it (i.e. 'Rich folks'), and an under-supply in places that do. This, I quantify, by the 'velocity of money' (M2) that has been falling ever since the first 'bailout' (of the hedge-fund Long-Term Capital Management) in the late 90's.
Less money circulating means less people who get access to what is actually out there. There is a similar phenomenon in communities where money circulates many times before it leaves that community (like Asian communities ~ [28 days] and Jewish communities ~ [19 days]), and the others (like the African-American community ~ [6 hours]). The exactitude of the numbers themselves can be argued, but the principle cannot.
There is a community in Pittsboro, North Carolina that is leveraging this idea by creating and using/circulation their own local currency called the 'Plenty'.
http://m.technicianonline.com/news/article_ab41cdbe-7cad-11e2-8fcf-0019bb30f31a.html?mode=jqm
http://m.democracynow.org/stories/10098
They were featured on a recent episode of Max Keiser's 'Keiser Report'.
One of the gentlemen in charge succinctly made the point when asked "Why use the Plenty? [paraphrase]". His response, "Because they don't accept it in China."
Exactly.