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<!-- you can have any number of categories here --> [[Category:Steve Waldman]] [[Category:Currency]] [[Category:Institutions]] [[Category:Bitcoin]] [[Category:Freedom Through Technology]] [[Category:Infrastructure]] {{Quote | text = It is unfortunate that the kind of computing Bitcoin pioneered has been given the name "cryptocurrency", and has been associated with all sorts of technofinancial scheming. When you hear "cryptocurrency", don't think of Bitcoin or money at all. Think of [http://www.slate.com/articles/business/the_dismal_science/1998/08/babysitting_the_economy.html Paul Krugman's babysitting co-op]. Cryptocurrency applications deal with the problem of organizing people and their resources into a collaborative enterprise by issuing tokens to those who participate and do their part, redeemable for future services from the network. So they will always involve some kind of scrip. But, contra Bitcoin, the scrip need not be the raison d'ĂȘtre of the application. Like the babysitting co-op (and a sensible monetary economy), the rules for issue of scrip can be designed to maximize participation in the network, rather than to reward hoarding and speculation. | cite = [[Steve Waldman]], "{{Link |Econometrics, open science, and cryptocurrency}}" }}
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