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Hive Mind
Monday, November 22, 2004
 

Open Source Currency


Here's a really interesting article by Douglas Rushkoff about how cell phones could be used to create local currencies. I've always thought that local currencies were a cool idea.

From the article:
Handheld wireless technology stands ready to enable what's known as the "complementary currency" movement in ways so powerful that the dominance of national currencies such as the dollar and the euro may soon be called into question.

This is not as preposterous a scenario as it sounds. After all, it's only been since the Renaissance that nation-states have been powerful enough to corner the money market. Before then, most municipalities developed their own currencies, often basing them on very different principles than the ones we use to justify our currencies today.


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