On Bitcoin, Magical Thinking, and Hyper-Capitalist Political Ideology

1. ” Bitcoin has become synonymous with everything wrong with Silicon Valley: a marriage of dubious technology and questionable economics wrapped up in a crypto-libertarian political agenda that smacks of nerds-do-it-better paternalism. With its influx of finance mercenaries, the Bitcoin community is a grim illustration of greed running roughshod over meaningful progress. Far from a… Continue reading

Project of the Day: Air Quality Egg

= A community-led air quality sensing network that gives people a way to participate in the conversation about air quality. URL = http://airqualityegg.com/   Description “The Air Quality Egg is a sensor system designed to allow anyone to collect very high resolution readings of NO2 and CO concentrations outside of their home. These two gases are… Continue reading

Removing the Time Value of Money

A proposal excerpted from Kevin Cox: “The idea that money tokens have a time value is deeply embedded in economic thinking and analysis. It has arisen because most money tokens are created with interest immediately payable. It is an idea that should be abandoned. When new money tokens are created the tokens should be interest… Continue reading

Peak Oil as an Epochalist Illusion

Excerpted from KMO: (for context, see our entry on Epochalism) “Peak oil theory, as you probably know, starts with the obvious observation that oil is a finite resource. The process which produces oil takes place over geological time scales and so once we have used up what?s in the ground now, it is effectively gone…. Continue reading