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robertogreco : currencies   4

DavidJohnstonCEO/DecentralizedApplications · GitHub
"A new model for building successful and massively scalable applications is emerging. Bitcoin led the way with its open-source, peer-to-peer nature, cryptographically-stored records (block chain), and limited number of tokens that power the use of its features. Several applications are adopting the Bitcoin model in order to succeed. BitShares, Mastercoin and Open Garden are just a few of those “decentralized applications” that use a variety of methods to operate. Some use their own block chain (BitShares), some use existing block chains and issue their own tokens (Master Protocol and Mastercoin), and others operate at two layers above an existing block chain and issue their own tokens (OpenGarden).

This paper describes why decentralized applications have the potential to be immensely successful, how the different types of decentralized applications can be classified, and introduces terminology that aims to be accurate and helpful to the community. Finally, this paper postulates that these decentralized applications will some day surpass the world’s largest software corporations in utility, user-base, and network valuation due to their superior incentivization structure, flexibility, transparency, resiliency, and distributed nature."
currencies  decentralization  bitcoin  flexibility  transparency  resiliency  distributed  2014  davidjohnston  samonatyilmaz  jeremykandah  nikosbentenitis  farzadhashemi  rongross  shawnwilkinson  stevenmason 
december 2014 by robertogreco
Trophic currencies: ecosystem modeling & resilient economies (@mbrakken)
Wealth is limited. We propose that value is infinite. Any currency isolates certain forms of value to transform into wealth, but those other forms of value remain even as they are undervalued. An economic system with a single currency will only recognize a very limited set of activities as valuable. As a consequence, many of the activities that constitute a functional community, and in turn a functional economy, lie outside of the value analysis of our existing economies. In this paper we present a theoretical currency model analogous to trophic food chains. As plants, grazers, and predators all have different perspective on value and operate accordingly, so do similar distinctions exist in society. We suggest that appropriately differentiated currencies from supranational currencies to regional, sectoral and down to timebanking and nonreciprocal exchanges can help better activate the value in the world, empowering communities and economies [...]

We have poor neighborhoods not because there is not enough money or it is improperly distributed but because we are trying to use the wrong tool for the job and limit ourselves to one perspective, denominated in one currency. Dollars do not represent local, neighborhood, or individual value. They do not represent the value of safe communities, civic participation, or thriving arts communities. Saying Wall Street should be able to valuate those types of activities is like saying wolves should eat sunlight. Similarly, saying that we should value the benefits of functional neighborhoods with dollars and euros is like saying plants should capture and consume protein. They can’t, they won’t, and we shouldn’t expect them to do so. That does not mean functional neighborhoods do not matter. Rather it means today's bank currencies are incapable of comprehending the infinite value of our neighborhoods.
economy  remake  ecology  wealth  currencies  A_Return  resilience  resilienteconomies  economics  via:Taryn 
july 2012 by robertogreco
BBC NEWS | Technology | File-sharers forced to play fair
"Researchers have found a way to enforce good manners on file-sharing networks by treating bandwidth as a currency."
filesharing  p2p  bittorrent  copyright  files  socialsoftware  social  accounting  bandwidth  technology  currencies  net  sharing  media 
october 2007 by robertogreco
alterati » Secrets, Cubes and Corporations: An Interview With Douglas Rushkoff
"We get deep into cult phenom The Secret, his next book Corporatized: The Myth of Self Interest and the influential Muppet master Jim Henson’s trippy short film The Cube."
culture  religion  corporatism  scale  douglasrushkoff  markets  self  society  human  behavior  capitalism  local  currencies  economics 
september 2007 by robertogreco

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