While I’ve seen mentions of sharing economy apps (like AirBnb and FairBnb) being redesigned to run on Holochain before, has anyone thought otherwise about how Holochain may be used for or affect real estate, through the perspective of using a commons-based, stable-value, mutual credit cryptocurrency that is backed by services, or perhaps assets? Is it sensible to design such cryptocurrencies that are backed by assets rather than services? Designing cryptocurrencies that are backed by services only can get complicated for goods, where there is a lot involved before a good can be used: extraction of raw materials, processing and refining, manufacture into components, assembly of components, transportation between each phase of the good’s life cycle, all of the human resources that are associated with the good’s life cycle, secondary and recursively deeper related inputs to the life cycle such as electricity, water, and other resources.
Do people envisage society transitioning from fiat currencies to currencies running on Holochain, or similarly cryptographic, agent-centric, scalable, distributed app frameworks? If so, how are many currencies and apps that are tailored for specific use cases going to be able to act as current-sees for all of current and future uses: societally, economically, and otherwise?
If more and more of society tries to use Holochain-supported currencies and apps for purposes that do not pertain to the specific use cases of such currencies and apps, e.g. storing value, medium of exchange, etc., could that create adverse consequences for such currencies and apps? For instance, could hosters (or other cryptocurrency suppliers/service agents) potentially gain more influence over the rest of society? It seems like they may not, since they are ostensibly not able to form cartels, or influence pricing by withholding supply. See Holo Fuel Economics 101 for more information.
In the context of residential property that one owns and lives in, I suppose that you could have a Holofuel-like cryptocurrency that is backed by real estate as a good, to owners or mutual owners of property. It may also be backed by lending it to owners that use property to rent it out to others, which seems like designing a currency and app for that use case may less problematic than for the buying and selling of property. However, for the buying and selling of property, I suppose the service or useful output that backs the currency may include the services of real estate agents or marketplaces. Measuring useful outputs for property that one lives in could be quite difficult, as the useful outputs can be derived from the occupants of the property and the services that they offer to society, which may include potentially any services offered by the property itself, such as renewable energy generation, agriculture, etc.
Other background reading that may help may include:
- discussion and resources in https://chat.holochain.org/appsup/channels/commoning and https://chat.holochain.org/appsup/channels/commons-engine-org
- Holo Fuel Economics 101
Cross-linking to Draft: Renewable energy generators as a commons.