PaySwarm enables people that create digital content to distribute it through
the Web and receive payment directly from their fans and customers. It is
also designed to help fans and customers distribute digital content
on behalf of the content creators in a way that is both legal and financially
beneficial to the creators, fans and customers. The technology is designed to
be integrated directly into web devices, finally making legal digital content
distribution a first-class citizen on the web.
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PaySwarm @ Digital Bazaar - 1 views
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@francois--it appears to work in firefox-perhaps you've got too much google... :P
The Role of Interest in Future Monetary Systems - Spiral Out - 1 views
onthespiral.com/erest-in-future-monetary-syste
*money currency design interest vs demurrage scarcity abundance
shared by Kurt Laitner on 24 Sep 10
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New Currency Frontiers: Membrane Currencies - 1 views
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This fact, that the boundaries of a membrane are somewhat fuzzy, is particularly interesting because that's exactly what membranes themselves are: boundaries. They are the component of a system that makes it appear to be a separate, complete, and integral system in the context of some environment.
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Membranes can be seen as that which creates a context, or environment, in which subsystems can be coordinated to into being an integral whole.
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Membranes are permeable. One of the most important features of any membrane, is exactly the form and shape that it gives to permeability. This permeability, is clearly a mechanism for regulating flows in and out of a system, of coordinating how the inside of the system will see the outside, of limiting/enhancing/controlling/shaping/transforming what gets in and out.
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In some living systems it's very easy to see the membranes as they map one-for-one with the very things we see.
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Michael realized that for a self-organizing resilient currency network to form, there had to be a self-declared boundary system by which currencies and accounts in those systems could be declared and named, such that they would be visible and known to the entire network, but also such that any such group had it's own autonomy and control within that domain. This is a profound insight: naming is one of the key elements that creates the membrane of the social organism. Names are part of what creates the boundary that make a social organism distinguishable as an independent whole.
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The flowplace design included the notion of a "circle," which was a way to group users and currencies. The circles were completely separate from the currency network addresses (which we were now calling wallets). We conceived of circles as providing a context for action. So any group that wanted to use free currencies to build wealth together, could come to the flowplace, and start by creating a circle, and a bunch of currencies that it would use to measure it's wealth.
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When you have such circles, immediately you need to address the "security" questions of who gets to add new members into the circle. And then also the question of who gets to create currencies in a given circle, and so on. So I sat down to code these "administration" features into the flowplace, when it hit me that the meta-currency infrastructure we were using to create the currencies in the flowplace, was exactly what I needed to implement these permissions structures for the circles
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Well, the meta-currency infrastructure provides a language (XGFL) for creating those formal systems, and in the flowplace I'd already used it to create some trade, performance metric, and reputation currencies.
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I saw that I could use this same language to specify the permissions that participants of the circle have in regards to the currencies that the circle uses, and that that very specification could simultaneously serve as a naming, i.e. a mapping, between people, currencies and roles in the context of the given circle.
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we realized that the membrane currency also has a broader naming function in that it is also responsible for creating names for all the currencies in use by the circle, be they currencies that are created by circle for internal use only, or be they currencies created externally. The membrane currency brings such currencies "inside" the circle, by virtue of giving them a local name.
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It is a membrane, which is the systemic component that both separates and connects the organism from its environment
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The membrane is not so much a static physical barrier, as it is an active process that mediates between "inside" and "outside."
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shared by Kurt Laitner on 26 Oct 10
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The Core of MetaCurrency: Composable Abstractions for Wealth Building | The MetaCurrenc... - 0 views
metacurrency.org/...stractions-for-wealth-building
composable abstractions metacurrency.org *ericharris-braun currency design *net *money
shared by Kurt Laitner on 26 Oct 10
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"What would it take to make currencies as powerful for building and sharing wealth, as language is for building and sharing meaning?"
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The answer to that question, I believe, lies in discovering/inventing a set of composable abstractions for wealth building
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Notice a pattern in each of these layers of composable abstractions: a set of fairly tight constraints allows the production of a huge number of "expressions."
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It was developed before we had really spent much time thinking about the four opens (Transport, Identity, Data, Rules),
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Dark Roasted Blend: Funny Money: Unusual and Fascinating Currency - 2 views
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Graphical Marvels, Forged Notes, Hyperinflation "Riches" and Propaganda Bed Sheets"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)World's historical bank notes often provide the clearest and unique view on country's political and design sensibilities. For example, old Russian Empire bank notes were pretty elaborate and some of the largest in size:
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The world’s oldest known banknote The earliest recorded use of paper money is in China around 800 AD, although the Chinese abandoned paper money in the mid fifteenth century. This Chinese Kuan note is the world’s oldest known banknote, from around 1380.
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For richer, or for poorer... collecting money is what most people do, or strive to do, anyway:
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what does internet money look like today? An iTunes gift card, perhaps?
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I gave more of these away at Christmas than any other gift! I got mine at Costco! -
haven't you guys seen the commercials?? it's Visa, the digital currency....
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On Voles and Openings « flow - 2 views
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“A falling tree makes more noise than a growing forest.”
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Once I’d stepped through, there was no going back, because suddenly I understood three things: 1) money was a human invention 2) this particular invention is foundational to all human social patterns 3) we can change it, and there-by change our social patterns.
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Namely that 1) money is information, 2) the pattern of flow of that information in relation to communities should be circular, i.e. issued within the community so it would flow around it, not through it as happens with moneys issued outside of communities. 3) That there must be a rich ecology of currencies appropriate to each communities circumstances. 4) That these currencies must exist in the context of a network that emerges out of an interplay between communities of function (what people do together) and communities of identity (how people see and name themselves).
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He had realized that money is a tool that focuses on building tradable wealth, but that tradable wealth is just a small subset of measurable wealth, which itself is a subset of acknowledgeable wealth.
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But it wasn’t until I came to understand Art’s deeper definition of currency, as “current-see” or formal information systems that allows us to see and interact with currents, flows, that the things really came together. These different levels of wealth, corresponding to the levels of systemic integrity, also needed corresponding currency types, to manage the different types of flow that are taking place at those different systemic levels.
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wanted to build a generalized “wealth acknowledgement” system.
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Regenerosity, which used the idea of laying down what amounted to a social network graph to record the changing relationships in a community, which is essentially what monetary transaction are.
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But what I realized, is that money is still very concrete, and just like pictographic writing. It’s not abstract at all because all moneys so far use the same encoding mechanism they always have for value: relative scarcity (just like all pictograms use the same encoding mechanism for meaning: shape) And that encoding mechanism is only really appropriate for tradable wealth where scarcity is a true for parts and products of systems. It’s not appropriate for the wider levels of wealth. What I saw is that we have no “alphabet” for encoding all the levels of value, and that’s what the open money system I’d been working on could evolve into.
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It appears that the greatest leaps in “novelty,” i.e. increased possibility that we know of, all arise because of the emergence of new embodied information encoding systems, what I like to call “expressive capacities”.
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Our current day money is to that new expressive capacity as the coordinating hunting grunts of some proto-hominids is to language.
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What we can it evolve toward, is, for the lack of a better term, a language of flow.
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Expressive capacities are all built out of fairly simple nested composable units.
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The rules for composability at each level are fairly simple, yet the variety of that which is expressible is infinite because of the combinatorial explosion.
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a small vocabulary of composable parts, mixable with definite meaningful grammatics.
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“Composition requires creation of a negative space, i.e. receptors for an as of yet unknown interaction.”
