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16 October 2006

The competition among forms of wealth

One of the enduring Insights from the Proteus study was the challenges posed to the intelligence community by the emergence of new forms of wealth, the mechanisms to make use of them by ever wider audiences. We have seen this in the Parallel World, and in the real…

One more example surfaces, which combines a radical mélange of elements: the failure of consumer confidence, aggressive information operations messaging, viral memetic ideas, and alternative financial instrument.

But the emergence of virtual currencies, and the rapid development of alternative currency exchanges for the virtual world, is not too far different….

UPDATE: It seems, like many of the emerging trends towards loss of state control, that there are older foundations in law and practise which support the use of private currency....