[tahoe-dev] notes from the Tahoe-LAFS Weekly Call

[Kevin Reid]

On Jul 24, 2012, at 15:56, Zooko Wilcox-O'Hearn wrote:

> Brian told a story about an economist for a MMORPG, who investigated
> why some trades had prices way out of market range. He decided that
> some of them were people giving items to their friends. The economist
> said that money can't pay all debts. Suppose Grandma hosts
> Thanksgiving dinner and puts on a feast, and she expects the kids to
> do the dishes and cleanup. There is no polite way to ask how much
> money would you have to pay to get out of doing the dishes. [...]
> (I'm trying to find the blog post this story came from, it probably
> came across my twitter stream in the last two weeks, maybe from
> amiller or another economics fan. The point was that "money is a
> universal exchange medium" isn't actually true).

That is <http://blogs.valvesoftware.com/economics/to-truck-barter-and-exchange-on-the-nature-of-valves-social-economies/>.

-- 
Kevin Reid                                  <http://switchb.org/kpreid/>