Member 2604
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Contributor to projects:
The Total Library
Yokohama, JP
Immortal since Apr 23, 2010
Uplinks: 0, Generation 4

Emergent day to you. 2010-04-22 is my knowmad birthday. Think I understood the word. More to emerge.
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    Project: Polytopia
    Want better money?

    Jay, together with Venessa, Gabriel and Patrizia on Emergence Collective wrote,

    We’re about to tell a story, or multiple stories of the future of money, of what could be.

    But the story we tell will be emergent, our knowledge comes from the wisdom of the crowd. This is where you come in.

    Money was this promise

    Lost: 5-Dollar Note, serial J04822471A, reward.

    Our blind spots about money 

    There are four layered reasons why we have a blind spot for structural issues inside the money system. Bernard A. Lietaer explains.

  • History: centuries of centralized money charging interest, resulting in boom/bust cycles and causing wealth concentration.

  • Ideology: capitalism, communism and other -isms all use the same kind of money, monopoly bank debt based.

  • Academic taboo: funding is likely to dry up for those who talk about changing the money system. The "Nobel Prize in economics" is awarded by a central bank.

  • Lobbycracy: The best lobby is one you do not recognize as such, and this one is dead set to maintain the status quo - central banking. 


    Meet Bernard A. Lietaer

    See him explaining causes and solutions in 19 minutes at TEDxBerlin

    If your time is at a premium, jumpstart the TEDx talk at 11 minutes.


    If you can invest 40 of your minutes to root out blind spots and see what few others have seen before, at the Covering the Crisis conference, Bernard A. Lietaer explored in-depth the new paradigm of money.

    Bernard A. Lietaer on Monetary blind spots and structural solutions

    from European Journalism Centre on Vimeo.

    Sustainable money is about trust and choices

    Sustainability depends on efficiency and resilience.

    Both follow from interconnectivity and diversity.

    Money as a monoculture is at high risk to blight and parasites.  Diversity with money means

    Choice 1: Central bank money that we know to trade with people that we do not know.

    Choice 2: one of the complementary currencies that people co-create in a trust network.

    Building our shared future

    It looks like there are many choices. One would be mobile money via your cell phone.

    Another one you want is local currency. Get your butt off this screen and ask the people you trust.

    Build a movement.

    Are you about to tell a story, or multiple stories of the future of money, of what could be? Please do share. Thank you.

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         Mon, Jan 31, 2011  Permanent link
    Got any thoughts on bitcoin?
    CoCreatr     Tue, Apr 26, 2011  Permanent link
    Oh, have not been here for a while. Basically I like peer-to-peer complementary currency, be it bitcoin or others. Must have been about January when I calculated the electricity my computer needs on top of normal operation to generate bitcoin costs about 3x the value of the coins. Now, that is with rates in Japan, approx 25 cents per kWh.I removed the application.

    These days discovered a virtual social currency, just got my toes wet on Empire Avenue. It combines a social currency based on measuring activity with buying/selling shares in people or in brands, like a token of trust.

    For now it is single bottom line, virtual currency game. I guess it would be easy for users to bring in aspects of Sustainability & Corporate Social Responsibility, e.g. by their choices, comments and shout-outs (like tweets in more than 140).

    Could that become a next digital tapeworm? #futureofmoney

    You can try it out here (invite link)