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"This is a slightly revised and cleaned up version of the video that was featured on YouTube in February 2007. I considered releasing it as an "eternal beta" in true Web 2.0 style, but decided to let it stand as is and start working on future projects. Many of my future videos will address the last 30 seconds of this video (the "rethink ..." part)"

"acebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You'll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook's own Calibra wallet that will be built into WhatsApp, Messenger and its own app. Today Facebook released its white paper explaining Libra and its testnet for working out the kinks of its blockchain system before a public launch in the first half of 2020."

"The open money manifesto, first published in the previous edition of Kohkoku, declares that money problems can be easily fixed by using our own moneys. Any community, network, and association can have its own money simply by providing a set of accounts through which members can record their trades. Eventually, almost all communities will use their own money. It's just a question of time and a matter of design. A society that does this will eliminate the problems associated with lack of money. Imagine a world without poverty, homelessness, unemployment and exploitation - a world where there is always enough money to meet all our needs. Such a world is not only possible, but also probable. In the last Kohkoku we wrote about memes, self-replicating elements of culture, passed on by imitation. Society will transform itself as the open money meme connects with open minds, who in turn propagate the idea throughout the culture. In this way, from one to some, from some to many, from many to millions, like the imaginal cells that turn caterpillar to butterfly, transformation will happen. In this issue of the magazine we provide a simple game to explore these ideas and set the stage for further development. "