More Governments Show Interest in New Economic Yarsdsticks “It’s the economy, stupid,” Bill Clinton’s 1992 campaign advisors famously declared. Today, more governments might add nuance: “It’s about well-being.” Prosperity, to be sure, but prosperity with a purpose. Economic Advance (credit: Grand Velas) Recently, China and the United Kingdom were added to the growing list of governments interested in redefining the very purpose of economies. China and the U.K. are only the latest countries to focus on delivery of well-being rather than economic output alone. Growing official interest in alternative measures of progress suggests that a material yardstick may have reached the limits of usefulness in many wealthy countries, an auspicious development for the advancement of sustainable economies.
URL Shortening Services, The Ultimate List We use URL shortening services on daily basis, they are extremely useful in Internet conversations, let it forum threads, IM chats, etc. These services are also life-savers in communication channel where you are limited to specific no. of characters per session – Twitter for instance. Some even use them to hide away affiliate links they shared or bypass firewalls that block websites according to URLs. As long as they turn your long whining URL short, it’s a good job. 68 URL Shorteners We believe this isn’t close to a complete list. Bookmarklets for Firefox [Firefox only] We compiled all URL shorterning services that supports bookmarklet into a bookmark file so you don’t have to. How to import for Firefox? Step 1 Download shortcut.html. Step 2 In Bookmark Manager, go to File Import. List of URL shorterners should appear as a folder under your Bookmark Toolbar. Author: Hongkiat.com
Virtual Money in Electronic Markets and Communities by Levent V. Orman Cornell University - Samuel Curtis Johnson Graduate School of ManagementJune 7, 2010 ICAST Journal of Institute for Communication, Social Informatics, and Technology, Forthcoming Johnson School Research Paper Series No. 27-2010 Abstract: Money is an information system to value, record, and track economic transactions. It is an information system with minimal semantics and centralized control. Consequently, the monetary system fails to support many transactions directly, but requires intermediaries such as banks, brokers, insurance companies, credit card companies, and investment firms, increasing transaction costs greatly. Number of Pages in PDF File: 21 Keywords: Virtual Money, Electronic Money, Networked Money, Peer-to-Peer Networks, Semantic Money, Private Money, Decentralized Money, Electronic Markets, Disintermediation Accepted Paper Series Suggested Citation Orman, Levent V., Virtual Money in Electronic Markets and Communities (June 7, 2010).
Monetizing Intangible Capital The following video series was recorded at the Future Of Money and Technology Summit in San Francisco on February 28, 2011. The name of this panel is Monetizing Intangible Capital. The speakers are Mary Adams (moderator), Art Brock, Greg Wendt, and myself. All six parts are posted below (8-10 minutes each) for public distribution, comments, and review. I found this panel to be extremely interesting and especially valuable since these panelists represents an important cross section of professionals who are actually doing the hard work of designing, testing, developing, and producing specifications for the creation, storage, and exchange of what could represent a large percentage of the value in our global economy. Mary Adams opened the panel with a remarkable statistic that 80% of our economy exists in the form of intangibles that do not necessarily show up in the balance sheet of the global economy – which is notably in crisis at this time. Monetizing Intangible Capital Part 1/6
Creator Processing ... Personal $ Svg $20 ✓ Up to $75 merchandises for personal use. Merchandise $ License to use artwork in merchandises (T-Shirt, Mug, poster, etc). Single Use $ License for single-purpose non-merchandising use. Unlimited $ Unlimited personal or commercial use. Custom $TBD Custom license, with terms subject to prior arrangement. Please contact firstname.lastname@example.org for more information By accepting this license, you agree to the Tagxedo's Terms of Service, and you agree that you have acquired the right to use the source image to create the Tagxedo artwork, and that you indemnify and hold harmless Tagxedo and its employees and officers from any harm are liability that may incur. Please contact email@example.com if you have any question. Interview: How Bitcoin Created a Decentralized Crypto-Currency Bitcoin is an open source, peer-to-peer electronic currency created by Satoshi Nakamoto and maintained by a small team of developers. As part of what's turning into an ongoing series on the distributed Web, I talked to contributor Gavin Andresen about how the software works. This is a technical overview. If you're interested in an economic or political look at the software, you can read the Wikipedia entry or Niklas Blanchard's essay on the project. Klint Finley: Could you give us a brief overview of what Bitcoin is for the unfamiliar? Gavin Andresen: Sure. And how does it work? Everybody trying to create bitcoins and everybody trading bitcoins is connected by a peer-to-peer network. The really novel idea is a mechanism for preventing bitcoins from being spent more than once WITHOUT relying on a central authority. The other mostly new idea is limiting the supply of bitcoins without relying on a central authority. How do you accomplish these things without a central authority? Why is that?
Quantum money from Knots Peter Shor who developed a quantum algorithm for factoring primes, is now discussing quantum money. Money, either in the form of bills or information on a computer, should be impossible to copy and also should be verifiable as good money when tendered to a merchant. Quantum mechanics may make this possible to achieve with far greater security than can be achieved without quantum mechanics. Quantum money is a cryptographic protocol in which a mint can produce a quantum state, no one else can copy the state, and anyone (with a quantum computer) can verify that the state came from the mint without sending the money back to the mint. I will present a concrete quantum money scheme based on quantum superpositions of diagrams that encode knots. Quantum money from knots (22 pages) Quantum money is a cryptographic protocol in which a mint can produce a quantum state, no one else can copy the state, and anyone (with a quantum computer) can verify that the state came from the mint.
The Bank of Facebook: Currency, Identity, Reputation There has been much speculation recently about the role Facebook Credits could play in becoming a global virtual currency, and even the possibility of Facebook becoming a bank. In many ways, it already is becoming a bank – just not in the traditional sense. Facebook is harnessing the power of the social graph, and has certainly adopted an expanded definition of what ‘currency’ means. It’s time for the rest of us to hop on board. As I’ve been conducting research for The Future of Facebook Project, the experts and thought leaders interviewed shared some compelling views about the evolution of virtual currencies, and Facebook’s potential role in their development. Money is a tool we use for arms-length transactions, where there isn’t an assumption of any kind of relationship or trust between parties. What this means is that money isn’t the only kind of currency that can facilitate a transaction anymore. Credits as Currency Identity as Currency Reputation as Currency New Currencies = New Banks
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