Showing posts with label underground economy. Show all posts
Showing posts with label underground economy. Show all posts

Thursday, July 4, 2013

Mira Luna — Get on the Bus! Youth Lead New Economy Movement at Upcoming Convergence


This is not a new phenomenon. It happened big time in the Sixties and Seventies as those who "dropped out" (opted out really) created an "underground economy" in parallel with the conventional economy. So today's youth has not only examples but also a functioning infrastructure that is now global, linked through social media. It's happening. When its future is taken away, youth will create its own future.

Shareable
Get on the Bus! Youth Lead New Economy Movement at Upcoming Convergence
Mira Luna

Monday, March 4, 2013

Arwa Mahdawi — Bitcoin: more than just the currency of digital vice

Castronova notes that among young people, the mental accounting on different sorts of "money" is already very fuzzy. "Twenty-year-olds don't see any difference at all between dollars, gold coins, GPAs," said Castronova. "They're all just digital score sheets".
The future of money may or may not include a Federal Reserve Bank of Amazon, but it probably does involve the gradual decentralisation and democratisation of currency. Virtual currencies aren't just a new-fangled sort of Monopoly money. Rather, they may just be the thing that ends the monopoly on money.
The Guardian
Bitcoin: more than just the currency of digital vice
Arwa Mahdawi
(h/t Max Keiser)

Update on Bitcoin. Some interesting tidbits.