I'm starting to see more and more clearly that money is a network protocol and currencies are platforms.

What follows?

  • Persuading people to use complimentary currencies is the problem of persuading people to move to a new platform. (See JoelSpolsky's comments OnPlatforms)
  • Social networking software is going to intertwingle with payment enablement, financial aggregation services (banks, insurance, pensions etc.), currencies and money systems of all kinds. (See also VirtualWelfareState, TheEndOfInsurance)
  • Crypto and trust networks and ID will be in there too.

GrahamLally continues the conversation on ConformityVsDiversityOfPlatforms

If money is a network protocol, what kind of network are we talking about? Maybe the network that shifts stuff (commodities, services) around?

See also OnMoney

CategoryEconomics