complimentary currency

Wow, it has been well over four months since my last post. On 07/14/2006 -within a month after my previous post- a reader wrote via email, “Haven't seen an update to your blog in quite a while. Hope you're creating, and not stewing!” Actually, I was too bewildered to seriously stew. I had targeted select persons and groups with modest email campaigns which came to nothing. Although I have an email list of GPG/PGP users to address (thinking that they would at least relate to the technology); those who I'd written to before -in my judgment- already enjoyed the best flexibility of mind to relate to my YeNom proposal. And even if refocused efforts with any new group were unexpectedly 96 times more successful than my previous endeavors, it'd still be negligible.

So, I felt that some serious reappraisals were in order. The strategy of choice was to get my thoughts absorbed in a completely different activity, which -in this case- turned out to attending to my fledgling Linux system and getting better acquainted with this enthusiastically respected world of software freedom.

Money is an invention.  Whereas vital increases of production via the division of labor (specialization) or per cooperative efforts (economy of scale) are simply observed consequences.  No money is necessary for neighbors to avoid a fatal failure by bartering wares or working together to easily accomplish an otherwise daunting task for just one person.  But as soon as the scope of interactions increase much, then either money, slavery, or both have been needed to further accelerate exhilarating productivity gains.

A magnificent mass of material is available that substantially covers the history and theory of this great invention - we consequently need not develop nor extend this work further.  Our objective instead is merely to look about and perceive the ramifications of well developed technologies as they relate to a new area of freedom to be ‘underwritten’ by liberated monetization.  The essence of this is, of course, liberation of mind (will/choice) - since nothing is monetized until you choose to perceive it as such (and use it as money).

Yes, we're overdue on “... a simple, brief, nontechnical way to explain the idea.” I'm postponing that a bit nevertheless, and will instead elaborate on the now sadly common bad phraseology of 'monetizing' a Blog (etcetera).

First, I've found two more definitions (from www.answers.com) namely:

American Heritage Dictionaries

mon  ·e  ·tize
tr.v., -tized, -tiz ·ing, -tiz ·es.
1. To establish as legal tender.
2. To coin (money).
3. To convert (government debt) from securities into currency that can be used to purchase goods and services.