ValueFlows

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Like ActivityPub but for economic activities rather than social activities.

1 What

Money is an abstraction to represent value. It's not a good abstraction, but it persists because the global economy is in a local minimum because the disadvantages of sharing information outweigh the advantages. An economy with sufficient incentives for economic agents to communicate their values directly without the abstraction layer would be more efficient, assuming the existence of an agreeable language for that communication […] valueflows […] is a grammar for that language

https://banana.dog/@yaaps/102928925219253732

2 Why

The important thing to know is that the benefits of collectives aren't just for adversarial situations where we interface with capitalism. We have a basis for building economic networks that are competitive with capitalist business units comparable in size while being just to labor, community, and the environment The issue is bringing trust-based networks up to scale with multinational corporations. This can happen, but folks are still working on the software support

https://banana.dog/@yaaps/102928925219253732

3 Resources

4 Elsewhere in the garden

Notes that link to this note (AKA backlinks).

Along with the decentralised news, I think 'ActivityPub but for economic activities' is the other exciting Fediverse direction for me right now. Like ValueFlows, and again @bob@epicyon.freedombone.net building sharing economy things into Epicyon.

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