UK Telegraph: The cash-starved government has been forced to shut down its banks for more than a week, while ATM machines have run dry. Small businesses have begun issuing parallel scrip currencies to cope with the liquidity squeeze.So, when our secure Smart Cards arrive with a fully loaded banker bot we get a different result. At a minimum, the bots will share a fair probability distribution about the flow of goods. Pricing falls out automatically. There need really be no real currency, just makes your card kiss and they make the swap. So we end up with a virtual currency, neighborhood by neighborhood, town by town and city by city. Its all automatic, and works best with a coding standard that can identify the good exchanged.
But isn't this script right out of Geroge Selgin's book, "Good Money"? So we have the Alt-M group preaching this good money, they seem to be experts, they get the Smart Card concept, and the banks follow their blog. Why isn't this group using Cato money to build the real banker bot? They need to form a production company, then harass the mathematicians, like Peter Keevash. Look him up, tell him we want the damn banker bot, a bot that can organize school girls. Always harass the mathematicians, otherwise your company misses the big opportunities. Once we have the bot, recessions disappear.
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