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Kurt Laitner

On Voles and Openings « flow - 2 views

eric.harris-braun.com/...id-225

*ericharris-braun flow *money wealth design

shared by Kurt Laitner on 28 Jan 12 - No Cached
  • “A falling tree makes more noise than a growing forest.”
  • 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.
  • 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).
  • ...12 more annotations...
  • 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.
  • 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.
  • wanted to build a generalized “wealth acknowledgement” system.
  • 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.
  • 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.
  • 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”.
  • Our current day money is to that new expressive capacity as the coordinating hunting grunts of some proto-hominids is to language.
  •  What we can it evolve toward, is, for the lack of a better term, a language of flow.  
  • Expressive capacities are all built out of fairly simple nested composable units.
  •  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.  
  • a small vocabulary of composable parts, mixable with definite meaningful grammatics.  
  • “Composition requires creation of a negative space, i.e. receptors for an as of yet unknown interaction.”
  • Kurt Laitner on 28 Jan 12
     
    excellent romp through the issues
Kurt Laitner

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 - No Cached
  • "What would it take to make currencies as powerful for building and sharing wealth, as language is for building and sharing meaning?"  
  • The answer to that question, I believe, lies in discovering/inventing a set of composable abstractions for wealth building
  • 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."
  • ...1 more annotation...
  • It was developed before we had really spent much time thinking about the four opens (Transport, Identity, Data, Rules),
Kurt Laitner

New Currency Frontiers: Membrane Currencies - 1 views

blog.newcurrencyfrontiers.com/...membrane-currencies.html

*ericharris-braun

shared by Kurt Laitner on 26 Oct 10 - No Cached
  • 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."
Kurt Laitner

open money: techne - 0 views

openmoney.info/...overview.html

open money wealth acknowledgement information system

shared by Kurt Laitner on 26 Oct 10 - Cached
  • The Churn Whereas the mesh is the accessible state of the players, their identity and functional relationships as the history of the wealth-acknowledgments between them, the "churn" is the process by which new entities are added to the mesh and by which existing entities become further enmeshed. This "enmeshment" is the result of discrete events. Thus the mesh is the "nouns" of the open money world, whereas the churn is its verbs. There are just a handful of events, and they can be seen as procedure calls with parameters. Create Namespace: parameters: new namespace name, parent namespace Create Account: parameters: new account name, parent namespace Create Currency: parameters: new currency name, currency specification, parent namespace Join Currency: parameters: account, currency Acknowledge Flow: parameters: declaring account, accepting account, flow specification
frank smith

The Associated Press: Mexico's Slim becomes 'world's richest' person - 0 views

www.google.com/...mUsX0Fp4aEoqAXF2Mwd3QD9ECDB880

shared by frank smith on 11 Mar 10 - Cached
  • "Wealth must be seen as a responsibility, not as a privilege. The responsibility is to create more wealth. It's like having an orchard; you have to give away the fruit, but not the trees."
fishead ...*∞º˙

Star Trek and Money: The Economics of the Star Trek Universe - Associated Content - ass... - 0 views

www.associatedcontent.com/...nd_money_the_economics_of.html

money

shared by fishead ...*∞º˙ on 22 Feb 10 - Cached
  • it has been explicitly stated in Star Trek (such as Picard's statement in Star Trek: First Contact) that money does not exist anymore in the 24th century, and that humans had advanced beyond the drive for material wealth and possessions.
  • fishead ...*∞º˙ on 22 Feb 10
     
    that onion article reminded me of this...
fishead ...*∞º˙

untitled - 3 views

www.wired.com/...ff_futureofmoney

money

shared by fishead ...*∞º˙ on 08 Mar 10 - Cached
shalkydri liked it
  • Just a decade ago, the idea of moving money that quickly and cheaply would have been ridiculous. Checks took ages to clear. Transferring money from one bank account to another could take days, as banks leisurely handed off funds, levying fees nearly every step of the way. Credit cards made it a little easier to pass money to a friend — provided that friend owned a credit card reader and didn’t mind paying a few percentage points in fees or waiting a couple of days for the payment to process.
  • fishead ...*∞º˙ on 08 Mar 10
     
    All your prayers are answered in this article, Kurt.
  • Jack Logan on 09 Mar 10
     
    All of this sounds great in this article. Apple, in particular, has a wealth of understanding of how to handle on-line trades and money risk management.
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