VesicaPisces wrote:
Excerpt from Wikipedia,
"Monad is an English term meaning "one," "single," or "unit," especially in technical contexts. It comes from the Late Latin stem monad-, which comes from the Greek word monos or μονάς (from the word μόνος, which means "one", "single", or "unique"), and may refer to:
* Monad (category theory), a type of functor in category theory.
* Monads in functional programming, type constructors that are used in functional programming languages to capture various notions of sequential computation.
* A monadic function or operator may be the same as a unary one, or one somehow having to do with either of the previous kinds of monad. Monadic predicate calculus is a form of logic based on unary operators.
* Windows PowerShell, a command line interface for Microsoft Windows code-named "Monad".
* Monad (music), a single note, as opposed to a dyad or trichord."
Monad??? That seems very much unrelated to the topic at hand.
Quote:
Money has also been interpreted as currency considering its tendency to flow through various sociological channels, just as the current of a river or stream flows. Perhaps this is suggestive of the term "liquidity". The value of money is directly related to the abundance of resources available and with the efficiency at which it can be extracted and utilized. As technology advances, the need for money decreases. This is due to increases in efficiency, extraction, and utilization. Efficiency is a measure of the ratio of input energy to output energy. I believe that if the various sectors of industry were automated, the value of currency would increase and the cost of goods would decrease, ultimately developing into an equilibrium. People would be able to pursue more fulfilling engagements.
How does the need for money decrease? Are you arguing that instead of physical dollars, we would have electrical dollars? If so then would it be more akin to physical money taking a different form as we still have the same type of system with the same type of function occuring? Wouldn't that just essentially mean that the buying power of the dollar would increase?