ICT is all about P2P transaction… that’s what the printing press and twitter share in common… they facilitate transaction in ideas. And ideas produce actions.

“Money” is an invention literally founded for the purpose of transferring “ideas and actions” from one to another.

A ‘decision’ is an idea combined with a related action. Money is a tool for the transfer of decision from one to another required by scaled societies where less formal methods of transaction were once possible.

Decision is the only controllable element determining the success or failure of a society.

On a separate but related note… the altruism dilemma tends to produce social stratification which creates imbalances the distribution of this ‘decision technology’…

Issues in Scaling Civilization: The Altruism Problem
http://culturalengineer.blogspot.com/2012/02/issues-in-scaling-civilization-altruism.html

Which further distorts a civilization’s ‘decision mechanisms’… until we end up with revolution and/or collapse prompted by the dissatisfaction of those left behind and lacking tools for influencing decision within the social organism to which they belong.

I realize this isn’t a simple argument… and presented very sketchily here… but the conclusion I come to is:

1: the unburdened speech-related micro-transaction is an imperative.
2: the inherent bias in credit creation must be addressed.
3: Globalizing ‘localization’ on any kind of viable basis will require multiple currencies… (with at least one more general currency)

I would like to see Mr. Shirky take another look at his views on the micro-transaction. (I believe he’s a skeptic on their viability and utility) I believe this transaction (and especially a related network offering it) has critical utility and will be embraced in this context.

Decision Technologies: Currencies and the Social Contract
http://culturalengineer.blogspot.com/2010/07/decision-technologies-currencies-and.html