LiteCoin: A fairer BitCoin.

It’s still energy-into-money, but this crypto-currency lends itself to more thinking about proof-of-work. The proof-of-work (PoW) here with LiteCoin is based on sCrypt, which cannot be easily accelerated with farms of video-card GPUs.  You can still make farms upon farms of ordinary CPU-based computers, but at least the difficulty is low enough that there will be more liquidity to the currency.

I’ll have more thoughts later on proof-of-work and alternative currencies.

Broken Trust Part 1: Reflections on RSA’s SecurID discusses the ten trust properties, eight of which are: Size [who are you going to trust?], Symmetry [do they trust us?], Transparency [How much do we know about $TRUSTEE?], Consistency [What happenned in the past?], Integrity [How do we notice if the $TRUSTEE changes?], Value of Reward [What do we gain by trusting?], Components [Which resources does $TRUSTEE rely on?] and Porosity [How separated is $TRUSTEE from it’s environment?]

 

Participatory economics often abbreviated parecon, is an economic system proposed primarily by activist and political theorist Michael Albert and radical economist Robin Hahnel, among others. It uses participatory decision making as an economic mechanism to guide the production, consumption and allocation of resources in a given society. Proposed as an alternative to contemporary capitalist market economies and also an alternative to centrally planned socialism, it is described as “an anarchistic economic vision”,[1] and it could be considered a form of socialism as under parecon, the means of production are owned by the workers.

Tahoe Least-Authority Filesystem (Tahoe-LAFS) is an open source, secure, decentralized, fault-tolerant, peer-to-peer filesystem [2]. It can be used as backend storage for an online backup system similar to Wuala [3], or as a file or web host similar to Freenet [4], depending on the front-end used to insert and access files in the Tahoe system. Tahoe can also be used in a RAID-like manner to use multiple disks to make a single large RAIN pool of reliable data storage.

Global Revolution TV http://globalrevolution.tv/ brings you live stream video coverage from independent journalists on the ground at nonviolent protests around the world. The team includes members of Mobile Broadcast News, Glassbead Collective, Twin Cities Indymedia and the alt.media ninjas that brought you Terrorizing Dissent and Democracy 101 documentaries. Currently broadcasting from #OccupyWallStreet protests in NYC that began on Saturday, Sept 17, 2011.