The Right Scale
An Investigation into the Ratio Between Internal Circulation and External Outflow in HoloFuel There is something remarkable about money. We usually speak of it as if it were a stock: there are so many coins, so many are in circulation, this person owns this much, and that person that much. But perhaps this is too static a view of something that in reality exists primarily because it moves. A coin that does not move does little. A credit that is not used is hardly credit at all. And an economy in which everyone merely tries to convert their balance into something outside the economy as quickly as possible may have a currency, but it does not yet have an economy. This is where my curiosity about HoloFuel begins. Not with the question of how much HoloFuel will exist. Nor with the question of what one HoloFuel will cost in dollars. Those questions are understandable, but they seem to me to be derivatives of a more fundamental question: How much of the value produced within a network must c...