On Tue, Aug 26, 2025 at 2:39 PM John Rose via AGI <[email protected]> wrote:...
> Production relies on money creation. > Property Money creation relies on production. Property Money: In January 2020, James "Jim" Bowery published a blog post on jimbowery.blogspot.com detailing a proposal for a "property money" system. His model is described as a monetary system where the currency is backed by the entire set of property rights in an economy, rather than a specific asset like gold. Key concepts of Bowery's property money Total property rights: The value of the currency is hypothetically tied to the total property rights within the economy. Alternative to traditional money: The system is an alternative to both government-backed fiat currency and private money (e.g., those backed by precious metals). Cost of securing property: Bowery theorizes that a critical issue in modern monetary systems is how the cost of securing property is billed. He suggests that fiat money decouples the issuance of money from the costs of protecting the property rights it represents.  What led to the proposal Bowery's proposal emerged from a broader discussion comparing fiat money and private money. A March 2018 blog post on unenumerated.blogspot.com highlights the difficulties in securing property under different systems, noting that both governments (for fiat) and banks (for private money) have costs associated with securing the property that backs their money. Bowery's property money concept appears to be an attempt to address this gap by establishing a new relationship between currency and property rights.  Bowery's wider work A long-time researcher, James Bowery has explored numerous ideas in different fields. His other online content and blog posts cover topics including: Incentives and the scientific method Artificial intelligence and technology Multicore processor technology ------------------------------------------ Artificial General Intelligence List: AGI Permalink: https://agi.topicbox.com/groups/agi/Te0af3a0c35a03987-M26f3278d32bfdf6b715787d5 Delivery options: https://agi.topicbox.com/groups/agi/subscription
