D. Value & Money

Value is a fundamental concept, money is a derived concept

Wuollet's claim and its presuppositions may be restated as follows:

• a) money and value are distinct concepts,

• b) value is a richer and more ‘high-dimensional’ con cept than money,

• c) value can be turned into money but this transfor mation entails some sort of information loss,

• d) pure economics is restrictive because it deals with low-dimensional monetary aspects, and

• e) tokens are high-dimensional because they are closer to the concept of ‘value’ than ‘money’.

Such reasoning moves along a value-money spectrum with an The 'information loss' Wuollet alludes to arises because money translates qualities into quantities. In its purest form money is unidimensional because its movement is restricted to . Value on the other hand can be in distinct ways and therefore requires a multidimensional space for representation. That said, we agree with the view that tokens transform into . They render the intermediate zone of the value spectrum not just visible but, more importantly, customisable.

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Table 1. The Value-Money Spectrum

Quality	Tokenspace	Quantity
Value (in use)	Value (in use and exchange)	Money (in exchange)
High-dimensional	Customisable	Unidimensional
Vector	Customisable	Scalar
Information-rich	Customisable	Information-poor
Context-rich	Customisable	Context-poor

Table 2. Measurability of Bruns & Jacob's (2016) 'Value Dimensions'

Value Dimension	Analytical Level	Relevant Discipline	Measurability
Hedonic Value	Individual	Psychoanalysis	Difficult
Self-fulfilment	Individual	Psychology	Difficult
Self-expression	Individual	Humanities	Difficult
Proficiency	Boundary	Education	Moderate
Productivity	Community	Economics	Easy
Professionalism	Community	Sociology	Easy
Social Value	Community	Cultural Studies	Easy