Adar posted:

Every single transaction type Eripsa specified in his word salad of an essay already exists in very basic banking and contract law using existing non-pseudointellectual dollar bills and contracts. The only thing that would change from today is a basic income coupled with an account balance cap as an incentive to spend.

What would happen in a videogame is a lot of people with massive account balances scattered between many accounts and, yes, a hyper-inflationary scenario for the average space peasant whose basic income wouldn't cover upgrading a newbie ship (as the goon cartel would simply acquire hard assets as fast as they could, then keep them cycling among themselves to avoid any penalties). Assuming every player was magically restricted to one account because Eripsaland, they would still form a cartel and the cartel would quickly own 100% of the videogame since there is nothing in the earlier sentence that *requires* multiple accounts to work. Assuming no cartels because Eripsaland, the currency itself would likely become worthless as a store of value as players repeatedly failed to understand why they were being penalized for success and the medium of exchange would shift to an in-game item.

What would happen in reality (given the other attention essays; I make no claim on the feasibility of balance caps + basic incomes in general other than to say the combination is probably still pretty ruinous) is that a lot of plebes would starve and the world would be run by Youtube trolls, but Eripsa describes this as a feature so it's not actually a negative for him.