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Re: <nettime> Rhizome's revenge
Morlock Elloi on Mon, 27 Jan 2003 19:51:45 +0100 (CET)


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Re: <nettime> Rhizome's revenge


The difference between "money" currency and "social-ties" currency is the
owner, or mint. The former is owned by the local force monopoly; the latter is
owned by the individual.

Modern technology offers something that would cause even greater panic than
providing sex services for "money" - self-minting of currency (to avoid long
explanations, think of it as circulating personal checks that are never cashed
in the force monopoly's bank.) All components are available (digital
signatures, Chaum's or Brand's e-cash, or Wagner's patent-free replacements),
even software is there (mojo nation contained all minting code.)

Yet it still seems unacceptable to reproduce social-ties currency in
technology/software.

This means that the social-ties currency remains unchanged and exists only in
the realm of our wetware. We are total owners of it, without intervening
technology, and limited with our social outreach capabilities. On the other
hand, "money" is getting developed, refined and globalised. This widening gap
between the two (for the small people) can be solved only by somehow applying
technology to the former.


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