I've mentioned polity versus democracy when talking about the idea of Bitcoin's functional economy being effectively a charity driven economy. My belief is that the young will work hard to earn Bitcoin and when they are old get to decide how to spend it such that it influences the growth and direction of a community. Therefore old age is the privilege of having your vision for humanities future play out. This is why I think it will work and that is why I think it may result in a society of polity although maybe aristocracy is more likely.
I hope that by sharing this video you guys can understand why I mean by aristocracy and polity vs oligarchy and democracy.
I've mentioned polity versus democracy when talking about the idea of Bitcoin's functional economy being effectively a charity driven economy.
Where can I hear more about a charity driven economy?
reply
Well to be fair to everyone involved its not exactly a fully formed thought, just an instinct that it might turn out this way.
Some clear cut real world examples I think though would be for example Bitcoin beach: Basis Underlying Bitcoin Beach Like Efforts
Another example off the top of my head comes from @thecommoner in his series of articles that are actually just him talking about what he's doing with his Bitcoin apartment renting business that are all titled in some form Property Management built on Bitcoin
this says to me...that all successful businesses operating in our current systems of both Bitcoin and FIAT probably need to operate as not-for-profits and actually provide their "value" to their "customer" at their actual costs...
It was only once a few years ago that actually tried to conceptualize Charity as a business model
To say the least, this is an area of ongoing research and active speculation on my part.
reply