Tag: Alternative Currencies

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Wild Systems

The Economy of Ecology

We live in an unprecedented time where our economy seems to take the center stage of in our lives. Unfortunately our economy is constructed in a way that is simply incompatible with our ecology. You could say that the system, and all of its moving parts, have been poorly designed. What if we could redesign the system to work for humanity and this planet we call home? How can we truly value our biosphere before we lose it forever? And how would a currency for the environment work?

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Wild Systems

Your Data Is Worth More Than You Think

study by Cambridge and Stanford Universities found that Facebook can understand you better than your closest friend based only on a handful of likes. We are what we like. This is the power of artificial intelligence combined with the value of data. Personal data comes in all shapes and sizes: from the data we generate online, to the data captured by our smartphones as we go about our daily lives. Data is a currency that we use almost every day to buy services. We don’t pay to use Facebook with money. Instead, we give away our data (every click, scroll and like) in exchange for using the platform. This seems like a good deal right? But how valuable is your data?

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solar energy currency
Hypernature

Solar Energy: the Hottest New Currency

Energy is everywhere and everything. This is a central idea of Albert Einstein’s famous e=mc2 equation. In the very near future it is possible to imagine that most surfaces on our planet will be able to capture this abundance of energy that we find ourselves surrounded by and made up of. All living creatures on Earth, including humans and their new robotic associates, demand energy to survive. Thanks to newly designed green technologies, energy is starting to be safely and sustainably captured. The huge demand for energy and potentially sustainable supply makes it a very strong candidate for a commodity-based currency. An energy credit if you will.

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time as money
Wild Systems

Time Is a Universal Currency

In 2169 people will have perfect health and appearance. Every member of the human race will have a digital clock installed on his or her forearm by a bioengineer (once called biohackers). When people turn 25 they stop ageing and their clock begins counting down from one year. When the clock reaches zero, that person “times out” and dies instantly. The poor work in factories to gain more time credits, envying the rich who can live for centuries in closed off communities, slowly buying whatever their hearts desire. Time has become the universal currency.

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ethereum
Wild Systems

Legally Stealing $60Million of Cryptocurrency

If $60million were stolen from a high street bank, we would probably never read about it in the news. Not because its not a story worth writing about, but because banks don’t want the public to know about a huge security breach. When an attack like this happens to a cryptocurrency everybody knows, because transactions are all recorded openly on the Blockchain. That’s what happened on June 17th 2016 to the DAO. The Distributed Autonomous Organisation.

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sweat bodily fluid sweaty currency
Alternative Currencies

Bodily Currencies: Blood, Sweat and Tears

Forget about the new cashless society that we seem to be racing towards. The latest innovation in money can be seen in bodily fluid currencies. Take human blood as an example. This vital liquid seems an unlikely candidate for a currency, but it has many similarities to how paper money works. We protect it, we can create more of it over time if we need to, we can exchange it, give or receive it, or if we are feeling philanthropic we can donate it. This new currency can not only save someones life, but it can now also get you access to the Untold Music Festival.

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Plastic ocean
Plastic Planet

Getting Wasted on Plastics

Life in plastic, it’s fantastic. The iconic words of Aqua’s 1997 smash hit Barbie Girl. But we are rapidly coming to terms with just how fantastic plastic really is. Plastic is an incredibly versatile material. Forms of plastic occur naturally such as rubber, chewing gum and shellac, but in 1907 humans synthetically produced plastic and have never stopped manufacturing and consuming it. For good or bad, we now live on a Plastic Planet.

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