

i can kinda understand “liking the idea” in the same way that I “like” the very simple currency systems in single-player video games, where you do work (fight monsters, collect items, win Pokemon battles) and are automatically rewarded with currency you can use to buy items, which are always reasonably-priced because the game developers balanced it that way. It’s just that these systems have nothing to do with reality. But that simplistic view of money is pretty much all that’s left of cryptocurrencies if you look past the get-rich-quick scheme.


I don’t understand the relevance of Arrow’s theorem. Why is your phrasing the correct way of analyzing the situation?