Skip to main content

Home/ (*net) Money/ Group items tagged wallet

Rss Feed Group items tagged

CASUDI ~ Caroline Di Diego

Cash and Transact « Emida - 0 views

  •  
    Cash and Transact™ is a mobile wallet solution - money in a subscriber's virtual mobile account. Account holders can load value to their Cash and Transact™ account and then transfer cash or pay for goods and services with anyone, anytime, from anywhere. The Cash and Transact™ vision is to create a borderless community connected by transactions via the Cash and Transact™ mobile wallet.
Kurt Laitner

New Currency Frontiers: Membrane Currencies - 1 views

  • 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.
  • Membranes can be seen as that which creates a context, or environment, in which subsystems can be coordinated to into being an integral whole.
  • 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.
  • ...9 more annotations...
  • In some living systems it's very easy to see the membranes as they map one-for-one with the very things we see.
  • 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.
  • 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.
  • 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
  • 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.
  • 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.
  • 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.
  • It is a membrane, which is the systemic component that both separates and connects the organism from its environment
  • The membrane is not so much a static physical barrier, as it is an active process that mediates between "inside" and "outside."
1 - 3 of 3
Showing 20 items per page