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# MTTP first principles #1

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### MTTP first principles #1

1. 1. so here you are reading this now
2. 2. MTTP money hack first principles #1/4
3. 3. what is money? whatever comes to mind is supported by current practice so be aware of what presents itself ‘naturally’
4. 4. "No problem can be solved from the same level of consciousness that created it." Einstein
5. 5. economics is an embodied math experiment
6. 6. one root of money goes back 3,000 years to phrygia when the first coins were struck with a king's head everything subsequent to this has evolved the world’s economics as we know it today
7. 7. money is considered a thing and we exchange things "Anna exchanges a book with Barney for £10." we think there is a relationship between the book and the number 10 traditionally we might think the book is worth 10 units
8. 8. let us look at this more closely
9. 9. firstly Anna gave Barney a book Barney gave Anna £10 note: it is a process of mutual giving
10. 10. secondly the £10 is then used by Anna to buy something useful like dinner the real situation is Barney now has a book he wants and Anna has food in her stomach as we know money is only a transition
11. 11. Anna simply gives Barney the book at a later date Anna is given food book = £10 exchange is a snapshot view of the system in ecological economics the book is not enumerated
12. 12. in standard economics labour is equated with money too labour = £10 £10 = book so labour = book people are packaged as things people = things
13. 13. "Anna pays Barney £10 for an hour's labour, digging a hole." looks like Barney is paid for digging a hole and if Barney wants to make more money, then he must return to Anna to do more work these are revealed to be illusions
14. 14. firstly Anna gives Barney £10 Barney digs a hole for Anna note again: it is a process of mutual giving
15. 15. secondly the money that Barney gets is used to buy something valuable like food the real situation is that Anna has a hole dug and Barney has food in his stomach as we already know money is only a transition
16. 16. in fact colonialists did not understand why non-literate peoples did not return to get more money after digging a hole Barney would not return for more money or more work Anna thought Barney was stupid
17. 17. the real situation was when Barney dug the hole for the colonialist he did it as a favour the coin he received wasn’t for the work he did it was to give to another colonialist who then gave him beer
18. 18. in actual fact Barney correctly perceived money as a vector in time he never thought of going back because one can't go back -not in time at least! and he never thought about saving it because you can’t hoard time
19. 19. in a gift-giving culture one does not go back one gives forward
20. 20. MTTP Money-Time-Trust-Protocol one gives money forward we decouple money = thing and replace it with money = time = trust
21. 21. in this way ecological economics departs from traditional economics from the source point ecological economics hacks money at root
22. 22. evaluate 0-10 pass it on financially commit david pinto @ecosquared #moneyhacks