Speaking of gold

June 11, 2009 at 1:33 pm 2 comments

| Gabriel |

This guy could have saved himself a lot of trouble if he read Cryptonomicon (the boring parts that take place in the 90s, not the hilarious parts in WW2) and saw who the customer base is for an anonymous banking/currency system. This case raises some interesting questions about the role of the state in providing the infrastructure of the market economy and what happens when someone tries to privatize some of these functions (providing currency) and avoid others (disclosure/surveillance).

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Fool’s Gold and Organizational Inertia The fat tail

2 Comments

  • 1. Noah  |  June 12, 2009 at 12:49 am

    Anyone know enough about Second Life to know whether their economic system (such as it is) could have similar concerns?

  • 2. gabrielrossman  |  June 12, 2009 at 2:02 am

    i don’t know about money laundering, but i have heard speculation that purely intra-game world economic activity may be taxable.


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