An excellent big picture overview of the player involved !
How Bitcoin Works Under the Hood (by CuriousInventor)
“The Chinese language offers novel evasions, such as substituting characters for those banned with others that have unrelated meanings but sound alike or look similar,” Gary King, a political scientist, said in his 2013 study on Chinese censorship. For example, a nonsensical phrase such as “eye field” looks similar in Chinese to the characters meaning “liberty.”
A political image manipulation can transform innocuous phrases such as “giant yellow duck” into a commonly understood metaphor for the tanks at Tiananmen Square.
“Chinese Internet users have mastered the use of irony as protest,” Jason Ng wrote in his book Blocked on Weibo. “Emphatically pro-government comments online such as ‘Socialism is good’ and ‘I have been represented by my local official’ are often meant to be satirical.”
This is where human censors come in. The company employs hundreds of people to delete posts that have slipped past the filters. Forbidden messages don’t live long after being posted. Researchers have found that nearly 30 percent are gone within 5-30 minutes and 90 percent are gone within 24 hours. The censors take an especially dim view of posts that go viral or promote any type of collective action.
But many Bitcoin start-ups have a big problem: they can’t get bank accounts. Shore is one of the many Bitcoin entrepreneurs sent packing in the last few months. “I’ve been kicked out of every major bank in New York,” says Charlie Schrem, the CEO of Bitinstant. “Chase, Wells Fargo, Citibank, U.S. Bank. And once they shut down your business account, they ban your social security number too meaning you can’t keep a personal account.”… . .
Starting this summer, almost every U.S.-based startup who previously had banking was cut off if the word ‘bitcoin’ was mentioned, including simple checking for payroll and operational expenses like utilities and rent in USD,” said the Bitcoin Foundation in a statement… . .“The upcoming congressional hearings are timely as banks are unable to accurately asses risks without clear guidelines – leaving entrepreneurs bank less and forcing innovation overseas.” … . .
“The tension is undeniable between banks, regulators and Bitcoin businesses, but it shouldn’t surprise us because that’s the point of Bitcoin: to eliminate the need for banks.”… .
Bitcoin is a baby currency. When it grows up, it could do serious damage to the banking hegemony, but only if the banking industry is willing to nurse it to adulthood.
“The real question is why Bitcoin businesses think they need banks,” says Riddell Williams’ Straus. “The point is to enable electronic financial transactions without a third party. There will be no need for banks; that’s the power of Bitcoin.”
It’s kind of a sobering thought that mobile communications, the cornerstone of the modern world in both developed and developing regions, pivots around software that is of dubious quality, poorly understood, entirely proprietary, and wholly insecure by design.
Today Wikileaks published a complete draft of the Trans-Pacific Partnership (TPP) agreement’s chapter on “intellectual property rights.” The leaked text, from August 2013, confirms long-standing suspicions about the harm the agreement could do to users’ rights and a free and open Internet. From locking in excessive copyright term limits to further entrenching failed policies that give legal teeth to Digital Rights Management (DRM) tools, the TPP text we’ve seen today reflects a terrible but unsurprising truth: an agreement negotiated in near-total secrecy, including corporations but excluding the public, comes out as an anti-user wish list of industry-friendly policies.
“Evgeny Morozov calls himself a ‘digital heretic,’ and he is right to do so. Against the reigning consensus—that there is a digital fix for every social and political problem, and that thanks to the technologies that we group together for convenience’s sake as the Internet, the brave new world of the future will be one of endless, limitless improvement in every realm of life—Morozov offers a sophisticated, eloquent, and definitive rebuttal. Technological ‘solutionism,’ he argues, is the romantic utopia of our age, and, like Communism or the free market fantasies of Reagan and Thatcher before it, it is one more god doomed to fail. In our ahistorical, gadget obsessed, and self-regarding age, Morozov’s skeptical, modest humanism will doubtless engender fierce resistance. But then, that is the tribute that self-delusion has always paid to reason. Voltairean in its lucidity, To Save Everything, Click Here is not just a brilliant book, it is a necessary one.”
- David Rieff, author of A Bed For the Night: Humanitarianism in Crisis
The internet, IMHO, is presently being built up-side down.
The old school, top-down, tracking/targeting of the many by the financially or politically empowered few is being resurrected and amplified atop our new, universal, internet-mediated, network-effect based, social-infrastructure-platform.
The real transcendent social/political potential of our new network-effect based social-infrastructure-platform resides in its power to reverse that historic top-down power/control relationship.
As suggested by both History and McLuhan “The medium is the (human-evolutionary) message” and that a dominant medium’s potential, its strange-attractor, cannot be long denied.
( Any leap forward in organic social-synchronization-power ignited by a major advancement in a ubiquitous communications medium will ultimately accelerate the incestuous integrative-restructuring of human culture and ideas with far more impact on human cultural evolution than will any amount of cleverly arrogated content exchanged within the constraints of the older medium’s messaging stream limitations. Although the medium is not literally the message, metaphorically as regards the narrative of human cultural evolution, it is.)
The incumbent power-elite-structures, driven by unconscious habitual knee-jerk, are hard at work trying to reestablish their old school top-down social/economic control schema. This inverted-misuse of the network-effect constitutes a futile counterproductive attempt to resist the new medium’s pivotal break-through attribute, a distributive, bottom-up, self-organizing dynamic, that fundamentally reframes the potential limits on human cultural/organizational evolution. Those limits are now more alined with the self-organizing dynamics inherent in cellular organics and bring a whole new spectrum of social opportunities/challenges/dangers.
Sooner than later this network-effect underutilization bullshit, this top-down misuse of the network-effect’s social reorganizing potential will hit the preverbal fan. This constraining of the network-effect’s social reorganizing potential will start to bite down hard on our social/economic stability as it undermines our collective ability to successfully synchronize the complex, new, organically distributive, levels of social/economic interdependence that will be inherently forced upon us under these new network-effect social-infrastructure conditions.
When this network-effect constraining, top-down underutilization misuse, bullshit hits the fan as a negative, mass-culture, experientially hard-wired meme the demand for proper control over our own privacy, over own identity, over our own data footprint will inevitably emerge as a pivotal/primal ownership issue, as a fundamental crisis in the political autonomy of the individual, as a digital age democratic disaster!
“We have made surveillance too cheap, and we need to make it more expensive, we’ve ended up with a public-private surveillance alliance.
|—||Time for Internet Engineers to Fight Back Against the “Surveillance Internet” | MIT Technology Review|
Monomyth - Joseph Campbell
The Hero with a Thousand Faces
(The Collected Works of Joseph Campbell)
as the vehicle
as the conduit
as the guideway
as the universal carrier wave
as the collective muse
as the evolutionary catalyst
as the strange-attractor
as shared holographic mindfulness
as noospheric imagination remixer
as the universal recombinant social-DNA platform
which ultimately animates our overarching human-narrative
the evolution of human culture and consciousness.
Joseph Campbell - Interviews
The ultimate Mythic-Mind language Mashup
- book by Joseph Campbell
"THE POWER OF PULL"
describes strategy’s new substrate
as a new collaborative social-synergism
empowered by network effects
that amplify - that accelerate - that elevate
all our social-exchanges
all our collective exploratory-challanges
all our social-interdependencies
to an organic fabric that enables a
search for that self-organizing dynamic
for that magic social MOJO
that animates positive social synchronicity
at every level of human endeavour.
"The Power of Pull" - by John Hagel
Below are a series of posts where he outlining some key concepts in his new book.
In increasingly turbulent and complex times, we understandably fall prey to a dangerous temptation – both as institutions and individuals. We’re tempted to abandon long-term strategy and fall back on rapid adaptation as the only winning game – sense and…
In an era of organically accelerating interdependencies discovering/differentiating what is worthy of our collective focus should be a core strategic-narrative for all information-based-soial exchange.