Towards Money as a Common: the Digital-Coin Rule for a Free Society

The issue around the nature of money is critical in present  economic times. We are in a situation whereby the incapacity to re-define how we deal with money could resolve in an a severe damage to society as we commonly refer to it: contrary to what happens with information systems, there are no backups with money systems. Since the Internet revolution – and also as parts of national communities – we are almost unconsciously as well as coercively using national currencies. “Of... Read More

Our Future, Our Money: the Design of Currency Systems

“The only way to learn is by doing. [The point is] to learn in order to realize goals that were previously considered as unimaginable”. Michael Hardt and Antonio Negri. Capitalism is ontologically (and almost economically) dead, thus we do not need the kind of transitory revolutions that characterized the relation of opposition between those who produce real value and those who simply invest capital for production to occur. Another transitory revolution would cause... Read More

Bitcoin presented to the Old-world

Just back from the 10th edition of the EPCA conference held in Amsterdam, where I was a shoulder for my friend Genjix: bitcoin developers were invited to talk about Bitcoin to a specialized audience of mostly >50 years old banker types in suits, with very few exceptions. Genjix presenting bitcoin in EPCA2011 The incipit of the conference booklet recites: “Over 200 transaction services professionals from all over the world will attend, discuss and experience this leading... Read More

Process Ecology: the lesson from Nature for assessing the Monetary System

Orthodox monetary economics impels a conception of modern bank money, which cogently shape – and adversely influence – the performance of the conventional monetary system. However, there is room for arguing in favor of solutions. “We now have scientific evidence that a structural fault is indeed involved in generating financial crashes”. - Bernard Lietaer   In particular, modern bank money triggers system’s failures, i.e. banking and monetary crashes... Read More

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