Thanks to my subscription to Fredzimmy’s blog, I found this wonderful blog from Esko Kilpi.
I really recommend you to explore this site from A to Z.
- Look at the wonderful slidedeck on Slideshare
- Have a look at the Flickr photos
- Have a look at the Bookmarks
MIT Media Lab Human Dynamics Group, Howard Rheingold (one of the first ever “internet”-books i ever bought,…, Barbarian Blog.
Yummy, Yummy. This is great stuff for a Sunday afternoon. So inspiring. Delicious 😉
This way, i discovered the FANTASTIC Web 2.0 Expo speech of Douglas Rushkoff about Radical Abundance.
It is a 15 min video, and worth every minute:
Not sure if the video embed worked, so in any case you can find it here by clicking the below image.
Some mind-blowing quotes (in 140 characters ;-):
- The operating system for money is obsolete…
- Abundance based currencies and monopoly based currencies…
- Central Bank Monarch imprinted currencies are scarcity based currencies…
- The money we use today was created so that rich people to stay rich by being rich (and lending) rather than doing anything…
- Our economy is based on the growth of interest
- The people lending money get richer, the people creating value are getting poorer
- But, what happens if you get something that’s abundant ? That you can’t make scarce.
- The computers and networks change the “centrality” of value creation
- You are now able to exchange value directly between one another rather than through a centralized currency
- Optimize human beings to technology
- Technology is more compatible with the values of efficiency than with all the other human values
- Now you’re open and free to Google-Ads
- Web³ will be won by the power of those who can index and aggregate. Is that what we want ?
- Open Source and Crowdsourcing are not the same things
- This notion of “free” leads to a society of copying, to no creativity, to no originality, to DJ’ing of culture
- The abundance of genuinely creative output is declining
- What we need is the development of a digital culture that respects the labor of individuals
- What we need is the creation of new modes of currency based on abundance rather than scarcity.
- I am talking about the original PayPal dream before banks asked them to be regulated like… banks
- The next BIG thing are from people who will create genuine alternative electronic currencies and P2P exchange that do not involve cash.
- I am talking about primitive local currencies such as Timebanks, Itex, Superfluid’s Quids
- Cash has already lost its utility value, as it has been sucked out into investment capital, in the speculative marketplace
- The only real competition against a Google universe (and their ideas of openness – see last weeks Google Blog post about openness btw) would be peer to peer exchange
- We are not suffering from an abundance of creativity, just from an abundance of productivity, efficiency and openness.
- If Web² leads to aggregation and indexers, then genuine P2P will lead to bottom-up value creation.
- The next era is not about scaling-up anymore, it’s about figuring out how to exchange value, in stead of extracting value.
- We are at a crossroads: right now we have the opportunity to optimize our systems, technologies, currencies to humans in stead of optimizing humans to them.


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Thanks for the Rushkoff pointer, really enjoyed the video.
“You are now able to exchange value directly between one another rather than through a centralized currency”
Jct: Better yet, hen the local currencies are pegged to the Time Standard of Money (how many dollars/hour volunteer labor), Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
You should keep an eye on the Kakgiarden project