• Cowbee@lemm.ee
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    10 months ago

    Neither. It’s a replacement for money, based on hours worked. The difference between money and LVs are that LVs are destroyed upon first use, ie you create 4 hours of Value, then trade that for 4 different hours of Value.

      • Cowbee@lemm.ee
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        10 months ago

        People don’t get everything for free until productivity is so high that it’s practical, which comes from development. The distribution is handled by the Socialist State, typically, until it becomes vestigial and no longer necessary.