7 Matching Annotations
  1. Oct 2018
  2. cloud.degrowth.net cloud.degrowth.net
    1. One of the proposals would be togenerate more spaces for sharing knowledges. Eg providing virtual spaces, eg I have done this, what has and hasn ́t worked. I admire what you do in Unitierra, and the Zapatista, and my context is very different, so we need to change the way of looking atthings.

      There is a thing which we call Federated Wiki, that challenges how we produce knowledge : http://federated.wiki/federated-wiki-introduction.html

  3. Jun 2018
    1. This, of course, leaves us none the wiser as to how to model velocity, as the equation of exchange is nothing more than an identity. MV=PQ just says that the money flow of expenditures is equal to the market value of what those expenditures buy, which is true by definition. The left and right sides are two ways of saying the same thing; it’s a form of double-entry accounting where each transaction is simultaneously recorded on both sides of the equation. Whether an effect should be recorded in M, V, P, or Q is, ultimately, arbitrary. To transform the identity into a tool with predictive potency, we need to make a series of assumptions about each of the variables. For example, monetarists assume M is determined exogenously, V is constant, and Q is independent of M and use the equation to demonstrate how increases in the money supply increase P (i.e. cause inflation).
    2. The first practical problem with velocity is that it’s frequently employed as a catch-all to make the two sides of the equation of exchange balance. It often simply captures the error in our estimation of the other variables in the model.
    1. Pantera Capital has had a thesis of investing into local exchanges since the inception of its venture capital fund. Local exchanges have an advantage of a local team who understands the culture and marketing of a specific geography in addition to having the relationships for banking and regulations. In June 2014, Pantera investigated and became the lead US investor in the largest cryptocurrency exchange in Korea, Korbit. Korea was a compelling geography for a local exchange investment because of the country’s familiarity with virtual currencies, becoming one of the first countries to adopt them for gaming, having a government that is pro-innovation, having a large mobile ecosystem.
  4. Apr 2018
    1. an effective marginal cost of zero

      This aspect of information goods is oft quoted as a distinguishing feature whose existence supports a radically different approach from previous publishing methods.

      It's true that the marginal cost is dramatically decreased with digital publishing. But there's a big difference between "closer to zero than before" and actually zero. The marginal cost of digital information goods is not actually zero. That people are willing to trade their privacy in exchange for someone else bearing the costs of managing information is one piece of evidence of this.

  5. Aug 2015
    1. same.

      What is the Columbian Exchange and what is transferred between Europe and the Americas in this exchange?