Pentagon Shooter Had An Idea For A Currency Based On Knowledge

I was looking up info on the pentagon shooter, and found this, thought it was interesting.

www.abovetopsecret.com...

Pentagon Shooter Had An Idea For A Currency Based On Knowledge

www.youtube.com...


Introduction to Information Currency

In addition to vast conspiracy theories, Thursday's pentagon shooter had an idea for a new currency based on knowledge.

John Patrick Bedell was a "genius" circuit design student at San Jose State University and a "pothead," sources told Mercury News.

Here's our best interpretation of his Youtube economic
manifesto:

* A creator uploads his creation to the Internet.
* Authorities issue him units of Information Currency (IC).
* Bloggers and other disseminators of news that want to use the content give the creator units of Monetary Currency (MC) for units of IC.
* New internet users give MC for IC, and then use the IC to obtain Verification Certificates (VC).
* VC's strengthen the bond between user and creator.

.

www.businessinsider.com...

I've been looking around on this guy for a while. Seemed pretty smart. What a waste.

The weed must've made him crazy or something.

Originally posted by DeltaChaos
I've been looking around on this guy for a while. Seemed pretty smart. What a waste.

The weed must've made him crazy or something.

Yes, they said he was a genius, yet crazy, that seems to go hand in hand with some.

reply to post by DeltaChaos


What do you think of his idea?

His ideas are bang on in an attempt to find a solution to our current economic system. There are many out there, many forms of alternate economics. I hope this doesn't lead to labeling people that think of new economic models as people that are "crazy." The only thing I know is the economic model we currently have is the craziest life robbing, greedy system one could design.

reply to post by DeltaChaos


Information currency is an idea of the Global Elite.

So this guy posted this 1 video in 2006, the same year he joined Youtube?

His channel only has 105 views.

He last signed in a month ago.


Seems odd to me.

potentially the most corruptable economic models I think I ever seen.

one pirate site = destroys the entire system.


-edit: skimped on a info credit

[edit on 5-3-2010 by SaturnFX]

Originally posted by ExPostFacto
His ideas are bang on in an attempt to find a solution to our current economic system. There are many out there, many forms of alternate economics. I hope this doesn't lead to labeling people that think of new economic models as people that are "crazy." The only thing I know is the economic model we currently have is the craziest life robbing, greedy system one could design.

Call me crazy, but I find this to be the most interesting thing about him,

Could there be a conspiracy here?

Originally posted by SaturnFX
potentially the most corruptable economic models I think I ever seen.

one pirate site = destroys the entire system.


-edit: skimped on a info credit

[edit on 5-3-2010 by SaturnFX]

Really Saturn?

Can you extrapolate?

I need to go listen to this again,

reply to post by Stormdancer777


I really don't think much of the idea. It is an impossible global economy because of the digital divide. There are just people who would have no access, and therefore no opportunity to participate in the system, and subsequently valueless, regardless of their experience or talent.

It seems like an exclusive system. I don't like exclusion.

I'm more interested in his other work:

infoeng... J. Patrick Bedell

reply to post by Stormdancer777


Yes, makes me a little edgy as well. I currently am working on an economic model that takes the greed and corruption out of our system. We all know that our system will crumble at some point. Thinking of ways to give true value to peoples ideas and reward them is something I think is 100% sane activity.

His video economy could be used for independent reporters that capture footage, take pictures, etc. I like it. Instead of selling something outright to a buyer that then can control it's use...the buyer only maintains use rights so that others may benefit from the material as well. I think it makes sense. There might be some room for improvement, but overall it makes sense.

Instead of trading money they trade points amongst each other, to keep track of their contributions to the industry. No taxes need be collected, no money transactions, and anyone with an idea, movie, upload can participate to start earning right to use credits.

[edit on 5-3-2010 by ExPostFacto]

Originally posted by SaturnFX
potentially the most corruptable economic models I think I ever seen.

one pirate site = destroys the entire system.


-edit: skimped on a info credit

[edit on 5-3-2010 by SaturnFX]

True, True.

In some aspects it seems almost like a version of copyright / royalty. Like where the artist gets x% from every sale of the song.

We know how well that has worked out in the past few years.

reply to post by DeltaChaos


Thank you for the info.

checking it out.

reply to post by Frogs


His Youtube site was set up by the CIA.

reply to post by ExPostFacto

Yes, makes me a little edgy as well. I currently am working on an economic model that takes the greed and corruption out of our system. We all know that our system will crumble at some point. Thinking of ways to give true value to peoples ideas and reward them is something I think is 100% sane activity.

I'll be darn, thanks for the explanation, wow

reply to post by Frogs

In some aspects it seems almost like a version of copyright / royalty. Like where the artist gets x% from every sale of the song.

To complicated for my brain I guess,

I believe the system to be close to the idea of individual meritocracy, where each individual in a society is valued for their contribution to it. Not solely based on ideas, but efforts.

If the model we're discussing were used, there wouldn't be any value placed on a song or a painting or a sculpture, and I for one wouldn't want to live in a system like that.

Originally posted by DeltaChaos
I believe the system to be close to the idea of individual meritocracy, where each individual in a society is valued for their contribution to it. Not solely based on ideas, but efforts.

If the model we're discussing were used, there wouldn't be any value placed on a song or a painting or a sculpture, and I for one wouldn't want to live in a system like that.

I see, ty, delta.

reply to post by DeltaChaos


On a micro level I agree with you...that is not to discount the possibility that another mechanism couldn't be added to give worth to artists, and creative talents.

It also breaks down in the details.

First you would have to figure out what is the "common body of knowledge" - ie - stuff that is already known for which there is no charge to use and what would qualify as "new knowledge".

Storm - by being similar to copyright I meant think if it like this..

An artist gets $X for every copy of their song sold. This worked well and good for many years.

Now, in the digital age people are posting songs online for free for anyone to download and the RIAA is trying to sue the pants off anyone they catch doing it - but it isn't really having much of an effect at stopping the flow of pirated songs.

Now instead of pirated songs - think of pirated ideas.

I'm not seeing why this wouldn't fall victim to the same thing.