Jeff Vail is starting his long-awaited series on the next step for our post-meltdown political economies (see ToC for full project description): An excerpt on how this change may come about in the core country of the present system. Jeff Vail: “The diagonal economy might rise amidst the decline of our current system—the “Legacy System.” Using America as an example (but certainly translatable to other regions and cultures), more and more people will gradually realize that there the “plausible … [Read more...]
We need a p2p architecture for money too!
How to best transcend the current economic mess? Put Jeff Bezos, Pierre Omidyar, Elon Musk, Tim O’Reilly, Larry Page, Sergey Brin, Nathan Myhrvold, and Danny Hillis in a room somewhere and don’t let them out until they have framed a new, massively-distributed financial system, founded on sound, open, peer-to-peer principles, from the start. And don’t call it a bank. Launch a new financial medium that is as open, scale-free, universally accessible, self-improving, and non-proprietary as the … [Read more...]