Thursday, March 19, 2009

Out of Control: The New Biology of Machines, Social Systems, & the Economic World

Kevin Kelly's landmark publication, Out of Control: The New Biology of Machines, Social Systems, & the Economic World (April 13, 1995), included a chapter on E-money that was important enough to reproduce separately below.

In total, it includes six sections on E-money, which lay the framework for a nonpolitical, anonymous digital cash environment that the world still has not seen.


Table of Contents
Chapter 12: E-MONEY
Crypto-anarchy: encryption always wins
The fax effect and the law of increasing returns
Superdistribution
Anything holding an electric charge will hold a fiscal charge
Peer-to-peer finance with nanobucks
Fear of underwire economies

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