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I think Strangecoin is super interesting. I think his analogy was that with a coin where relationships matter, you have to care how a person is connected, when you deal with them. I think it could be a feature, not a bug, even if it makes things less efficient.

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Efficiency isn't some absolute value. Efficiency is always relative to the goals we have.

Well, it can be either depending on the perspective you are using at the time: objective or subjective. Some kinds of efficiency hew more to the former and some to the latter. In the last few thousand years money has done more than perhaps anything else to generate macro-economic efficiencies. So much so that it's hard to now imagine that it might be time for alternatives.

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