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How to Print Money on Twitter
Digital Money Forum, London28th March 2012
Eli Gothill (@webisteme)PunkMoney.org
#PunkMoney
#PunkMoney is a promise currency anyone can create, transfer and redeem on Twitter.
#PunkMoney
“@Bob I promise to buy you a beer. #PunkMoney” – @Sally
#PunkMoney
A recipient
A promise
A hashtag
An issuer
#PunkMoney
It also has a timestamp and a unique ID (created by Twitter.)
#PunkMoney
There are also some optional rules…
#PunkMoney
“@Bob I promise to buy you a beer. Expires in 1 week. NT. #PunkMoney”
– @Sally
An expiry
Non-transferable
#PunkMoney
This syntax makes @Sally’s tweet #PunkMoney.
What now?
#PunkMoney
Beer time…
#PunkMoney
Bob enjoys his beer, so he redeems Sally’s promise.
#PunkMoney
He does this by favouriting Sally’s original tweet…
#PunkMoney
This gesture is a public way for Bob to say ‘thanks’ for his beer.
#PunkMoney
An alternative scenario
Bob doesn’t have time to go for a beer with Sally. He suggests that he take Alice out instead.
#PunkMoney
So he transfers Sally’s promise to Alice.
#PunkMoney
The word‘transfer’
The issuer A recipient
A hashtag
The bearer
It’s a replyto the original tweet
#PunkMoney
The system depends entirely on trust. How do you make this visible?
#PunkMoney
Users can create a Twitter list, called punkmoney-trusted, and put the people they trust in it.
#PunkMoney
#PunkMoney
#PunkMoney
#PunkMoney
www.punkmoney.org
#PunkMoney
www.punkmoney.org
#PunkMoney
www.punkmoney.org
#PunkMoney
www.punkmoney.org
#PunkMoney
#PunkMoney
#PunkMoney
#PunkMoney
#PunkMoney
#PunkMoney
#PunkMoney
Thanks.
www.punkmoney.org
#PunkMoney
References
Mauss, Marcel, 1929, The GiftGraeber, David, 2011, Debt : The First Five Thousand Years
Articles on #PunkMoney
#PunkMoney is Bartering in the Twitter Age, D-Build.org#PunkMoney Pilots an Alternative Currency Using Twitter, Dowser.org#PunkMoney: How to Print Money on Twitter, Webisteme.com
Find out more
@punk_moneywww.punkmoney.orgwww.facebook.com/punkmoney