You Win the Internetz!

May 05, 2011 08:36 +0000  |  Economy, Politics, Technology  |  0

I just read a really fascinating article about a new technology called "distributed cryptocurrency" and its far-reaching implications into world economies and government policy. If you haven't heard of BitCoins yet (a form of cryptocurrency that's gaining popularity), it's basically an uncontrolled, untraceable currency that's presently being used as payment for services on some websites. The assumption is that at some point this currency will break into tangible goods (if it hasn't already) and then everything changes: taxation, welfare, markets, everything:

The author of the article, Rick Falkvinge, is the founder of the Swedish and first Pirate Party. Far from a joke, the Pirates already have a small number of seats in the European Parliament and are gradually gaining support if for no other reason than that they actually understand concepts like peer-to-peer file sharing and distributed cryptocurrency. If you're curious at all about where we're headed, Falkvinge's blog is a good place to start.


Post a Comment of Your Own


Markdown will work here, if you're into that sort of thing.

Recent images in the Gallery


  • The view from my temporary workstation here at the Mozilla office in YVR.
  • Had a great day w/ @stephaniehobson hacking on our game. The potential just keeps getting bigger!
  • Why isn't the Tea Party sending a militia to Ferguson? - Al Jazeera English -
  • My grandmother is watching Harry Potter for the first time. She just stumbled onto it while flipping channels and thought it was funny.
  • I just had the perfect opportunity to yell "PHRASING BOOM!" and nobody got it because my grandparents don't watch Archer :-(
  • Marc Emery returns to Vancouver tomorrow. CBC interviewed him earlier this week: