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

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www.punkmoney.org

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www.punkmoney.org

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www.punkmoney.org

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www.punkmoney.org

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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

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