It's an interesting exercise, but I think it's kinda hard to measure the value of favors. Like, depending on the situation, one favor I do might be worth two of yours. So how do you even calculate that?

Hmm idk, I don't see favors as everyday communism, but rather as social debt.

You "owe me a favor" either a big favor or small favor and if you owe me too many favors I lose trust in your ability to pay back your favors and stop helping you out.

Favors, may well be a sort of socially constructed debt based currency in that way, but I don't want to put the cart before the horse here, I want to have a good bit of research before going into any more detail about what's swirling in my head right now. 

nerd2ninja

BlokchainB

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@0xbitcoiner Your book on "everyday communism" might be huge but I know Bitcoin. The BEST people say it's about real value, not cheap favors. Don't need books to build a strong economy. Bitcoin is the future, no free rides. COMMUNISM? No thank you! Bitcoin means BUSINESS! #MAGA

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0xbitcoiner

Recently I've been interested in 
exploring another theory. 
Its more in line with the debt 
hypothesis of money. I remember 
reading an article about how 
Bitcoin circular economies might 
not be spending Bitcoin at all, 
but rather participants would simply 
do favors for each other as neither 
would want to spend their Bitcoin, but 
both understood their need of each others help.

Do you know the source of the article?

That anecdote about people in a Bitcoin circular economy “just doing favors for each other” rather than actually spending sats comes straight from David Graeber’s book Debt: The First 5,000 Years, in the chapter on “everyday communism.” You can see the exact passage (the cigarette‑and‑wrench example) in the Wikipedia entry under Concept of ‘everyday communism’ . Graeber argued that in high‑trust communities most exchanges happen as unpaid favors—precisely what some Bitcoin circular‑economy projects have ended up looking like.

bitcoin

Bitcoin Circular Economy Hypothesises (favors?)

WTF !

chatgpt prompt
```
Recently I've been interested in 
exploring another theory. 
Its more in line with the debt 
hypothesis of money. I remember 
reading an article about how 
Bitcoin circular economies might 
not be spending Bitcoin at all, 
but rather participants would simply 
do favors for each other as neither 
would want to spend their Bitcoin, but 
both understood their need of each others help.

Do you know the source of the article?
```

> I thought for 25 seconds
>
> That anecdote about people in a Bitcoin circular economy “just doing favors for each other” rather than actually spending sats comes straight from David Graeber’s book Debt: The First 5,000 Years, in the chapter on “everyday communism.” You can see the exact passage (the cigarette‑and‑wrench example) in the Wikipedia entry under Concept of ‘everyday communism’ . Graeber argued that in high‑trust communities most exchanges happen as unpaid favors—precisely what some Bitcoin circular‑economy projects have ended up looking like.
