Dec 26, 16 / Cap 25, 00 16:01 UTC

Money or moneyless?  

Will Asgardia have a currency or will it be a moneyless resource based economy?

Dec 26, 16 / Cap 25, 00 18:09 UTC

Money less for asgardia and money for dealings with non asgardians

Dec 27, 16 / Cap 26, 00 19:19 UTC

Only 2 answers and both state that money is indeed a necessity. Yes, I know it says points. Money is nothing more than a medium of exchange. A storage of time, so to speak, because one will not always need his roof fixed or other skill offered etc.. So in Asgardia we have one currency - points and when traveling - use the currency that is used in the destination one is traveling to. Same as we do right now.

Is there a possibility of going moneyless? I don't think so when the realization of money being nothing but one's stored time to be used in win/win transactions between people. The money could consist of points, clams, rubles, dollars, peso's, sand, salt, gold - what have you. Is it valuable to the one you are transacting with.

If when referring to NO MONEY - it is meant that NO central banking system should exist? - I am ALL for that :-).


  Last edited by:  John Willms (Asgardian)  on Dec 27, 16 / Cap 26, 00 19:20 UTC, Total number of edits: 1 time

Dec 29, 16 / Cap 28, 00 19:49 UTC

Some kind of currency may be required as a Nation either for domestic or international trade & commerce. As an advanced high-tech Nation, we may create our own crypto-currency like bitcoins, litecoins etc, and that way we can become the first cashless Nation (no physical cash) having our own crypto currency. Citizens of Asgardia are scattered all over the globe and if we have our Asgardia crypto-currency, then it will definitely be used worldwide by all Asgardian (a common global currency??) -

Jan 2, 17 / Aqu 02, 01 20:39 UTC

if (Asgardians != exploitation ) then moneyless

when (non-asgardian/non-information) tradematter(everything cheap in space) orobsolete-technology(if they use patentard, implement pantent tard level 9000+)

Jan 18, 17 / Aqu 18, 01 23:03 UTC

If people are given points to exchange for goods and services, that's just money with a different name. Sadly, I think that we'll have to have some kind of money even internal to Asgardia.

If you don't like the inequality created by current systems, it might be nice to have some sort of basic income. However, I don't believe that Asgardia is capable of paying a basic income out to people right now. Unless you want to start paying taxes to Asgardia in addition to where you already live, I don't see how Asgardia can provide any services.

Jan 22, 17 / Aqu 22, 01 19:09 UTC

Money is just a way to create motivations for productivity. Communism, anarcho-syndicalism, and other such systems would be either be de facto tyrannical to those Asgardians who do not wish to participate in such systems or cause voluntary exclusion of people who would otherwise choose to become Asgardians.

Jan 23, 17 / Aqu 23, 01 02:03 UTC

as much as going without a bank would be great, i think it is needed. What else will we do to deal with the monetary regulations and such. I whole-heartedly think we need to avoid things like inflation and stocks.

Feb 23, 17 / Pis 26, 01 11:07 UTC

Rather than using a resource based economy similar to most Earthling states, I would personally like to see us become a nation based on a knowledge based economy, which works more on a socialist philosophy (similar to Star Trek). Then the people of Asgard would be able to create, collaborate and inspire eachother (rather than hold eachother back or worrying about chasing monetary wealth), allowing for technological and scientific advances far outreaching anything current Earthling states could hope to achieve.

Unfortunately, we will have to trade directly with those same Earthling states, because we are at a notable disadvantage to other land based nations that have at least one natural resource that can be exploited from the land where they are based.

If we are going to trade effectively with Earth, we have to generate an Economic value -- both short term and long term -- with Earth, so that Asgardia has some means to acquire resources. We will need to buy resources at first to build labs, residences, infrastructure and transportation. This is where our greatest resource will come in -- our minds.

In the long term, I would sincerely hope that we can focus our efforts to repair the environment of Earth and improve the lives of all people. I believe that by uniting the brightest minds with the most inspired builders we will be able to achieve these goals, but I don't believe they will be enough to get our economy off the ground. We will need a more short term revenue generating strategy that Earth will Immediately buy into.

I believe this strategy to be weapons and defence technology development. I am not specifically suggesting that we become arms dealers, because I would sooner see us become a nation of peace brokers and ambassadors, but threats will always exist that require military defence -- even if those threats take the form of Near Earth Objects, or other outside forces that could threaten humanity. History has shown that we would rather manipulate our environment to prevent being wiped out than accept our fate and await death only because it is the natural course of humanity's rise and extinction, so it is only natural to maintain defences that will help protect us from extinction. These technological developments will also become the advancements that allow us to build and arm ships for exploring the universe, allow us to mine asteroids and other non-earth sources for new minerals, and (if history is any indication) make unimaginable medical breakthroughs.

Everyone cringes when weapons and utopian ideals are juxtaposed, but I firmly believe that everything I've written above, would inspire a sound course of action to get us started, if implemented properly.

Humanity is not a naturally peaceful race, but we are peaceful by preference and discipline. If we can lead the rest of humanity by example and show them that we can carry military strength without it having to be our primary strength (namely, prosperity through peace), we will change the world.

Feb 23, 17 / Pis 26, 01 13:21 UTC

Money is just a way to create motivations for productivity.

This only applies to those who REQUIRE extrinsic motivations. To others, money is actually a distraction from doing work they already enjoy. I realize that sentence will blow the minds of some people, but oh well.

I vote a two-sided system. People are in one or the other and cannot switch between them more often than once a year, barring some significant life-changing event (life-changing disease or injury, marriage, family death, etc).

On the one side will be capitalism, where money is key and industry is the name of the game. This side of the economy is the engine of growth, innovation, and production. For those in the United States and Europe, this system is one they should be largely familiar with.

On the other side of the system is socialism, where money does not exist, but everyone's needs are met. There will be a small allowance made for 'perks' (unnecessary but fun things) from the capitalism side of things, but not a lot. On this side, people do not worry about money, but they will also never personally exceed their needs (except a bit of fun on the side). It is my belief that all elected officials should also be part of this side of the system, to avoid potential corruption.

Feb 23, 17 / Pis 26, 01 18:39 UTC

Commerce is not a single body problem. Money serves specifically to create extrinsic motivations in other people so that they will do what they want. The idea that people will do work for passion alone has never held up among, for example, artists.

Nov 21, 17 / Sag 17, 01 00:20 UTC

A Resourced Based Economy (RBE). 

Equality and peace can never be obtained as long as there is money.

The Zeitgeist Movement really covers it. Ignore the first documentary and watch the other two.

He really hits it on the head. His book The New Human Rights Movement really explains the disease of capitalism and money and why a Resource Based Economy is needed.

I have a series of blog posts about this topic:

  Last edited by:  James O'Neill (Asgardian)  on Dec 11, 17 / Cap 09, 01 19:54 UTC, Total number of edits: 2 times

Nov 21, 17 / Sag 17, 01 00:28 UTC

"Will Asgardia have a currency or will it be a moneyless resource based economy?"

Excuse me? A resource based economy just means you are using resources as money. What did you think it meant?

Nov 21, 17 / Sag 17, 01 23:38 UTC

Resource Based Economy Defined

We will start with the broad definition and, as we go, we will increasing add focus to the explanation so you can get a better understanding as to what a Resource Based Economy really is.

RBE Definition

The term and concept of a  Resource Based Economy (RBE) was coined in 19?? by Jacque Fresco, the founder of the Venus Project.

A Resource Based Economy (RBE) is defined as: a global socio-economic system that will utilize existing resources (natural and technological) to provide an equitable method of distribution of goods and services in the most humane and efficient manner for the entire population without the use of money, credits, barter, or any other form of symbolic exchange.

We have 5 parts that we will work with and explain:

  • Global: is a modifier for all aspects of the definition of a Resource Based Economy - meaning world-wide, all of the nations of the world working together for the benefit of all of humanity
  • Resources: sharing all of the of the world's various resources : natural (water, minerals, food, etc), technological (manufacturing, computers, intellectual property, etc) and human (personal skills: engineering, agronomy, carpentry, knowledge, etc) shared to solve the problems facing our world
  • Goods and services: sharing all of the world's products that are manufactured or delivered (food, water, clothes, computers) or services (energy, internet, food preparation, home design) rendered to humans
  • Humans: All the worlds, resources and goods and services are there to benefit ALL  humanity and not just a select few.
  • Equitable: is a modifier for goods and services - ensures that ALL of humanity has equal (as equal as possible) access to all goods and services
  • No Money: Perhaps the most important and world-shaking phrase here is 'without the use of money, credits, barter, or any other form of symbolic exchange'; no money. All things are available for free. As was covered in the previous section, money is the creator of most of our world's problems and once we get rid of that and share all the things life will be better for all.

The RBE Trinity

A RBE proposes a design for a global society that has a specific function – maintaining the ecological balance while improving the standard of living for all its members. To achieve a more humane and meaningful approach to shaping civilization the primary guidelines will be these three interdependent ideas:

  1. The intelligent use of science, technology, and manufacturing as the driving force to achieve a truly sustainable future where the primary concern is:
  2. … the protection and sustainable management of the environment and its resources
  3. … for the well-being and benefit of ALL the people of the world.

Here we have 4 terms to work with:

  • Sustainable Management: is a global modifier for all things within RBE. Creating processes that are environmentally friendly, efficient, and automated are very important to making life easier for all of humanity.
  • Technology: creating technology using sustainable processes where the entire lifecycle (manufacturing, delivery, use, and recycling) is environmentally friendly, efficient,  and automated
  • Environment: sustainable management of the environment and its natural resources is of prime concern here which includes efforts to reclaim and repair all environmental damage and to prevent it
  • Humans: creating sustainable manufacturing processes and protecting and fixing the environment to ensure that ALL humanity has a healthy environment to live in

RBE + Trinity

When we put together the diagram for RBE and the Trinity we get something like this:

Key Modifiers: You will note that the key modifiers here are: global, equitable, and sustainable management. RBE works within a methodology that is global, sustainable,  and equitable to help ensure that we have a planet to live on with air to breathe, food to eat, and water to drink and that all people have access to these. Poisoning these things is probably not a smart thing to do.

A global sustainably managed process to manufacture and deliver goods and services equitably to ALL of humanity while protecting and remediating the environment.

  Last edited by:  James O'Neill (Asgardian)  on Dec 11, 17 / Cap 09, 01 20:07 UTC, Total number of edits: 2 times
Reason: removal of unsanctioned links. mod edit shane watt 11.30.17

Nov 21, 17 / Sag 17, 01 23:43 UTC

Oh. You mean Communism. OK. That makes sense then. Thank you for explaining.