Too Long; Didn't Read
Social money is a social tool to achieve cooperation among a group of people. Money often reflects the values or politics of the communities that issue and use it. Social money should be able to store social value for the intermediate to long-term. It is crucial that any social money built by communities is owned by the community as a whole instead of centralized entities far removed from that community. The push towards a decentralized web is unmistakable, even coming from the creator of the world wide web. The social money should have concrete use cases within the social context of the community — otherwise, it would be less friction.