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We Don’t Need Money to Circulate

We Don’t Need Money to Circulate | New Civilizations | Scoop.it

The only logically coherent and scientifically valid function of money/currency is to record the measure of value and its divisions so that the value of portions of indivisible wealth may be negotiated.

 

As a record of value, the unit used to measure value must obey the mathematics of measure and the science of passive stability i.e. Passive BIBO Currency (Note: that stability is a requirement for measure). This value recording function colloquially understood as “providing liquidity” can be universally performed and accessed without any arbitrary limits or conditions using a standard technical specification and without any requirement for the unit to “circulate”.

 

The notion that money is an “object” that must “circulate” in order for value to be generated is a logical and scientific absurdity and represents the basis of the rationales being exploited to justify the actions being taken by authorities to deal with the current crisis. However, if the “circulation” model of money is not accurate then such actions cease to have legitimacy as they are based on a false model of reality...


Via Sepp Hasslberger
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The Internet of Things Starts to Bear Fruit « A Smarter Planet Blog

The Internet of Things Starts to Bear Fruit « A Smarter Planet Blog | New Civilizations | Scoop.it

So, what exactly is bringing the Internet of Things to fruition? A big factor is the plunging cost of connectivity, which is being driven by the emergence of Heterogeneous Networks (often referred to as “HetNets”). HetNets offer a way to increase the density and bandwidth available to mobile devices. 

 

To give you an idea of their potential scale, Free.fr, one of the world’s first HetNets, located in France, has more than 4 million WiFi hotspots connected to the  network and enjoys data transfer costs that are probably far below $1 per gigabyte. (...)

 

The second major factor driving the Internet of Things is the explosion of low-cost, smart, standardized sensor networks. Consumer hobbyists are leading the way here. Kickstarter, the world’s largest funding platform for creative projects is hosting numerous sensor projects that are designed to enable consumers to rapidly deploy and utilize large numbers of sensors around the home and office.

 

Raspberry Pi is one of the most popular recent initiatives in this space. The company has created a credit card-sized computer that integrates with physical devices like TVs and keyboards to give users PC functionality, such as spreadsheets and word processing, without having to buy a computer. Designed for hobbyists, it starts at a mere $25.

 

Another interesting initiative is Sensordrone, a multi-sensor device for smartphones that was recently funded by Kickstarter that gives phones even more capabilities, like connecting to printers. In another development, Nokia pledged to push the envelope in terms of adding new and innovative sensors and geo-location capabilities to their phones.

 

By Paul Brody 

30 Dec 2012


Via Spaceweaver, ddrrnt
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