What is money

Money is an abstraction built on promises and trust, and currencies differ by how hard, reversible, and well-governed those promises are.

Lets talk about Doug

Published

Last week I gave my talk on Agile Banking at Reboot 11. This week I have taken my talk and turned it into a series of blog articles that I will post here once a day. Douglas Jackson was an oncologist from Melbourne, Florida. He was an idealist and thought the world would be a better place with a strong private …

e-gold founders avoid jail

Published

I am glad to hear that Douglas Jackson and associates manage to avoid jail and get probation, community service and a fine instead. I still think it’s extremely unfair that a service as innovative as e-gold were punished like this. Apparently so does the US District Judge Rosemary Collyer: According to cnet: U.S. …

How the Man finally brought e-gold down

Published

update Several people have mistakenly thought my slightly tongue in cheek title to mean that I’m one of the part of the fringe paranoia groups here. While the USDOJ did bring down e-gold. The term “The Man” as well as the use of references to Black Helicopters were an attempt to caricaturize those paranoia groups. Now …