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Re: [projectvrm] Banking and the Micropayment


Chronological Thread 
  • From: Jason Wong < >
  • To: Tom Crowl < >
  • Cc: Douglas Rushkoff < >, Micah Sifry < >, David Brin < >, "Victoria Silchenko, PhD" < >, ProjectVRM list < >, Andy Oram < >, Joe Trippi < >, John Battelle < >, Michel Bauwens < >, Brennan Center for Justice < >
  • Subject: Re: [projectvrm] Banking and the Micropayment
  • Date: Sun, 8 May 2016 12:33:39 -0400

Altruism dilemma?  Similar to tit for tat?

I thought Satoshi solved this issue more than seven years ago. Do you have another system in mind?

On Wednesday, April 27, 2016, Tom Crowl < "> > wrote:
Below my suggestion for topic at PDF 2016.

I persist in suggesting that the micropayment and especially its requirements is not receiving the attention it deserves.

Topic:

That there's a long standing connection between credit/currency creation, banking and political power which in combination with scale and its relation to what I call the altruism dilemma leads to wealth/power concentration. Further, that the needs of the collective micropayment (scale and one-click identification) offer a pathway made possible by the nature of the Internet to create a cross border, user-owned network with both identification and payment capabilities separate and independent from privatized banking. I believe this is a needed fundamental change in human organization... important beyond the U.S.

This network may form the root for other forms of credit/currency creation... both localized and otherwise.

The "button" (or whatever signaling method) for such a capability... because of curation requirements if for no other reason... is to a considerable degree a POLITICAL mechanism and deserves consideration.





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