Alternative Currencies as published in the Wall Street Journal (featuring myself!).
The founder of a social network of globetrotting adventure-travelers called Hub Culture is an evangelist, of sorts, for peer-to-peer currencies. “You’re going to see inexorably, the movement towards peer to peer finance,” Stan Stalnaker says. “People will trade individually and independently among each other, all around the world. It’s going to happen, there’s no denying it,” he insists.
Actually they edited a whole load of stuff I said on film to them about new forms of value and value exchange. I am less interested in the currency itself but the sorts of transactions and motivations for peer-to-peer trading. Peer to peer transactions, whatever they may be, democratizes and decentralizes the institutional models that we are used to. It allows for much greater control and decision-making around trading, because the traders (peers) can steer the value. So with a peer-to-peer bank, the stakeholders (the peer network), can decide where money is lent and invested, versus the bank doing this.
