Comments on: Douglas Rushkoff on Corporations, Money and the Middle Ages https://blog.p2pfoundation.net/douglas-rushkoff-on-corporations-money-and-the-middle-ages/2014/06/09 Researching, documenting and promoting peer to peer practices Wed, 11 Jun 2014 14:55:02 +0000 hourly 1 https://wordpress.org/?v=5.5.14 By: Tom Crowl https://blog.p2pfoundation.net/douglas-rushkoff-on-corporations-money-and-the-middle-ages/2014/06/09/comment-page-1#comment-752939 Wed, 11 Jun 2014 14:55:02 +0000 http://blog.p2pfoundation.net/?p=39394#comment-752939 For what its worth… should the unity such a micropayment capability requires… (as in the x-box silo)… be accomplished under narrow, private control (as also happened with facebook… which is also a ‘transaction network’)… come to pass.

It will be very difficult to find another exposed Achiles heel in the Internet landscape.

Its enormously frustrating that this is not recognized. And if I’m wrong… that I’ve not heard the counter-argument.

]]> By: Tom Crowl https://blog.p2pfoundation.net/douglas-rushkoff-on-corporations-money-and-the-middle-ages/2014/06/09/comment-page-1#comment-752833 Wed, 11 Jun 2014 13:52:52 +0000 http://blog.p2pfoundation.net/?p=39394#comment-752833 Great article and background…

RE:

“Now unlike a capitalist economy where money is hoarded, with local currency, money is moving.”

This is a critical element.

The mix of proximity and local production of life’s necessities were critical to allowing these currencies to develop.

This can no longer serve as the vehicle in the same way. Moreover the transaction networks (not needed within a very localized economy)… are now owned and controlled by the same forces controlling the centralized currencies.

UNTIL its recognized that the transaction network IS the Achilles heel… and the micropayment is the part they forgot to dip in the ‘invulnerability water’… we’re not getting anywhere.

Ya wanna make things better? Make the transaction network a “Commons”… and enable the micropayment.

THIS Commons-owned network will allow the development of alternative currencies… and must handle the centralized currencies within the same network.

How long with the philosophy? I like it… but really… practical measures are in front of you.

A pooled-user-defined account structure is a very simple and practical concept… with no ideology of its own.

]]> By: james taylor https://blog.p2pfoundation.net/douglas-rushkoff-on-corporations-money-and-the-middle-ages/2014/06/09/comment-page-1#comment-750991 Tue, 10 Jun 2014 15:30:12 +0000 http://blog.p2pfoundation.net/?p=39394#comment-750991 Below is a listing by denomination of the first production and delivery dates for currency bearing IN GOD WE TRUST:
DENOMINATION PRODUCTION DELIVERY
$1 Federal Reserve Note February 12, 1964 March 11, 1964
$5 United States Note January 23, 1964 March 2, 1964
$5 Federal Reserve Note July 31, 1964 September 16, 1964
$10 Federal Reserve Note February 24, 1964 April 24, 1964
$20 Federal Reserve Note October 7, 1964 October 7, 1964
$50 Federal Reserve Note August 24, 1966 September 28, 1966
$100 Federal Reserve Note August 18, 1966 September 27, 1966
http://www.treasury.gov/about/education/Pages/in-god-we-trust.aspx

All before the Nixon presidency and the USA leaving teh gold standard

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