By far the majority of digital currencies seem to be organized along the lines of Thomas Greco's credit clearing networks -- that is, they're not stores of value but rather simply denominators of the value created by the exchange process itself. The idea is to facilitate exchange between those who have no "money" in the sense of stored value from past exchanges, so that even in a local economy with "no money" in circulation, it's possible to exchange present against future goods and services. Basically set up like a checking account where you can run a limited negative balance. On Sat, Jul 13, 2013 at 1:40 PM, Fabio Barone <[email protected]> wrote:

Great article Vasilis,

resumes in very concise manner what I have tried to express so many times. Now, I am thinking 5 years how about alternative currencies. I am also a software developer, and I believe that we should be able to use crypto-currencies for:

"... Commons-oriented currency designed to serve effectively social purposes"

So the question really is, how to design such a currency that: "Therefore, we, as commoners, conclude that what we need is a digital currency premised on a different political economy, one breaking the shackles of capitalist opportunism and ushering in a new era of economical transaction based on the finer aspects of the human spirit."

I completely agree, and the answer is not technological, but one of design. Any idea how such digital currency could look like?

2013/7/13 olivier auber <[email protected]>

...

Well done Vasilis! I mentionned your article in a comment on KurzweilAI.

http://www.kurzweilai.net/jobocalypse-the-end-of-human-jobs-and-how-robots-w...

hope that Kurweil & Co will not uderstand that we need a Google money ;-)

Olivier Auber http://poietic-generator.net http://twitter.com/#!/OlivierAuber

On Fri, Jul 12, 2013 at 9:26 PM, Vasilis Kostakis <[email protected]> wrote:

...

fyi:

http://blog.p2pfoundation.net/the-apolitical-economy-of-bitcoin/2013/07/11

-- MailScanner has detected a possible fraud attempt from "p2pfoundation.net" claiming to be kostakis.org

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-- Kevin Carson Senior Fellow, Karl Hess Scholar in Social Theory Center for a Stateless Society http://c4ss.org "You have no authority that we are bound to respect" -- John Perry Barlow "We are legion. We never forgive. We never forget. Expect us" -- Anonymous Homebrew Industrial Revolution: A Low-Overhead Manifesto http://homebrewindustrialrevolution.wordpress.com Desktop Regulatory State http://desktopregulatorystate.wordpress.com

*"Any idea how such digital currency could look like?"* yes, my answer to this : contextualizations as currencies. ( including past, present, and suggested futures ) in effect, creating a resource allocation and emergent governance system combined with choices as for engagements into intentional economic networks ( that is, graphs with past, present, and suggested inter-dependencies ). A currency is a "medium of exchange" ( https://en.wikipedia.org/wiki/Currency ) Contextualizations can serve as mediums of exchange, when it enables participating agents ( artificial or biological forms of intelligence ) to choose where to engage their attention and resources, or where to receive attention or resources to resolve current or projected needs. It can also do so for systemic needs that can become more apparent as data and metadata start building up in such emergent graphs. I wish to use REA ontology as a starting point to deconstruct current transactions and social contracts ( with a variety of metadata ) http://en.wikipedia.org/wiki/Resources,_events,_agents_(accounting_model) One can for example deconstruct and visualize what we currently call money ( fiat IOU's issued with interest by a centralized corporate banking network ), and compare it with a variety of other contracts. ( which in effect become social contracts when they become more generally accepted / legitimized ) I wish to use Netention as a way of contextualizing such deconstructed data and metadata, accross all types of contracts, and to visualize the re-use for non-linear transactions of such metadata creation ( I see credit as metadata used in non linear transactions ) https://github.com/automenta/netentionjs2 I personally believe that increased transparency regarding such interdependencies, and the reputation effects it has in relation to active agents, becomes the new currency. On Sat, Jul 13, 2013 at 8:40 PM, Fabio Barone <[email protected]> wrote:

Great article Vasilis,

resumes in very concise manner what I have tried to express so many times. Now, I am thinking 5 years how about alternative currencies. I am also a software developer, and I believe that we should be able to use crypto-currencies for:

"... Commons-oriented currency designed to serve effectively social purposes"

So the question really is, how to design such a currency that: "Therefore, we, as commoners, conclude that what we need is a digital currency premised on a different political economy, one breaking the shackles of capitalist opportunism and ushering in a new era of economical transaction based on the finer aspects of the human spirit."

I completely agree, and the answer is not technological, but one of design. Any idea how such digital currency could look like?

2013/7/13 olivier auber <[email protected]>

...

Well done Vasilis! I mentionned your article in a comment on KurzweilAI.

http://www.kurzweilai.net/jobocalypse-the-end-of-human-jobs-and-how-robots-w...

hope that Kurweil & Co will not uderstand that we need a Google money ;-)

Olivier Auber http://poietic-generator.net http://twitter.com/#!/OlivierAuber

On Fri, Jul 12, 2013 at 9:26 PM, Vasilis Kostakis <[email protected]> wrote:

...

fyi:

http://blog.p2pfoundation.net/the-apolitical-economy-of-bitcoin/2013/07/11

...

-- MailScanner has detected a possible fraud attempt from "

p2pfoundation.net"

...

claiming to be kostakis.org

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