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Kurt Laitner

decentralizedcurrency.pdf (application/pdf Object) - 1 views

ripple-project.org/decentralizedcurrency.pdf

*ripple *money *ryanfugger

shared by Kurt Laitner on 15 Nov 10 - No Cached
  • Kurt Laitner on 15 Nov 10
     
    Paper that described Ripple
Kurt Laitner

Tribler - 0 views

www.tribler.org/trac

*money *net exchange

shared by Kurt Laitner on 15 Nov 10 - Cached
  • Kurt Laitner on 15 Nov 10
     
    bandwidth as currency among p2p participants
Kurt Laitner

Square for iPhone, iPod touch, and iPad on the iTunes App Store - 0 views

itunes.apple.com/...id335393788

*money *mobilepayment *payments

shared by Kurt Laitner on 10 Nov 10 - No Cached
  • Kurt Laitner on 10 Nov 10
     
    iPhone c/c swiper
Kurt Laitner

The Financial Services Club's Blog: If banks are like oil, build better vehicles - 0 views

thefinanser.co.uk/...oil-build-better-vehicles.html

*money banking

shared by Kurt Laitner on 10 Nov 10 - No Cached
  • Deposit accounts are the core of banking.
  • Summary: no firm and no individual will fundamentally change the core of banking because it is built upon licences, infrastructures, agreements, global policies, governmental forces, regulatory management and more ensuring that the status quo is maintained.
  • which is referenced as social currency, although it’s not really as it starts and ends with the oil: banks and money.
  • ...4 more annotations...
  • The bottom-line is that as we talk about the weaknesses and failures of the banking system, we are missing the point. The banking system is protected and will take decades to change, because it is like oil refining. That is why none of the services at the core heart of the banking industry: the deposit account, the checking account, the money transmission have opened up to real competition over the years. Even with the mobile and wireless internet. It will ... but that is like changing the oil industry.
  • First you have to find an alternative to oil, then you have to convert everyone off their old vehicles to the new fuel-based alternative. More on that tomorrow.
  • Meanwhile, there is plenty of scope to add functionality and enrichment to the core of banking.
  • So should the focus be on building better tools upon the base of banking, rather than trying to replace the base? Is it better to build more efficient vehicles that run on oil, rather than trying to get rid of oil?
  • Kurt Laitner on 10 Nov 10
     
    an excellent article, making several important points, including the hilighted bits below - very important distinction between 'new' currencies that piggy back on current vs new currencies that fly solo - we all need to be very clear about the game we are playing
Kurt Laitner

Paul Buchheit: The quest for freedom and safety: Why I donated $100,000 to YesOn19 - 1 views

paulbuchheit.blogspot.com/...-freedom-and-safety-why-i.html

*net *freedom *paulbucheit *valuation Eric Harris-Braun

shared by Kurt Laitner on 31 Oct 10 - No Cached
  • Kurt Laitner on 31 Oct 10
     
    I have had many hear the full pitch, then point out that it won't work because people only want money - my reply has always been that people don't want money, theywant what money represents, freedom and security, we can provide them both without money as it is currently conceived
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
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

New Currency Frontiers: Critical to expand perception of Currencies - 0 views

blog.newcurrencyfrontiers.com/...cal-reasons-to-expand-our.html

*alanrosenblith *money *net currency design

shared by Kurt Laitner on 26 Oct 10 - No Cached
  • A currency organizes connections and interactions between groups of people into a kind of collective behavior which creates a kind of living social organism. The design of that currency (the rules about issuance, transaction, conversion/co-function, retirement/expiration, participant classes, governance, etc.) are the DNA of this social organism
  • DNA doesn’t tell us exactly what each individual biological critter will do, but it does define a particular range of possibilities and tendencies
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