To: Joi Ito
From: jeffrey E.
Sent Thur 7/24/2014 11:28:40 AM
Subject Re: the beginning of the end for bitcoin 1.0 2.0 could be a home run
easy, if only real value is in books kept by you , the hacks will be educational.
On Thu, Jul 24, 2014 at 7:27 AM, Joi Ito c>wrote:
Maybe we make two currencies. I want to push the edges of the traditional currency stuff as
well as making another economy. I agree about the sharing economy part, but I think it
requires a few tricks if we're not going to allow it to be convertible to currency since kids
don't follow "rules"...
- Joi
On Jul 24, 2014, at 07:24 , jeffrey E. leevacation@gmail.com> wrote:
> no "old school". create a shared economy, should NOT be convertible to currency, I
suggest you lend each student " citiations", that are kept on a general ledger, bookeeped by
MIT media, they can repay and borrow more. if guaranteed by another holder. increased
borrowing ability is a sign of wealth. ( early morning thinking , needs more meat )
> On Thu, Jul 24, 2014 at 7:18 AM, Joi Ito wrote:
> So what I was going to do was to create a ' coin" t at we give all students at the beginning of
each semester and in addition to awards and medals. The coins can be exchanged for drinks at
parties (only way to get drinks) and favors and other things that I might make available. At the
end of each semester I would do an auction to take a bunch of the coin out of circulation and
try to have a student monitoring exchange values, money supply and inflation. I was thinking
about getting an economics student to do a paper on the legal and tax implications and maybe
involve the IRS. MIT is thinking ofaccepting BitCoin as well.
> Don't you think it would be more fun to play central bank and have it almost interoperable
with dollars from a experimentation perspective?
> - Joi
> On Jul 24, 2014, at 07:13 , jeffrey E. <jeevacation@gmail.com> wrote:
> > medals ok , coins not. scholarship credits. degrees, ok, exchangeble for tuition .
interesting rules apply
>>
>>
> > On Thu, Jul 24, 2014 at 7:08 AM, Joi Ito wrote:
> > Haha. Yes, I guess you're right... but I'm thinking of making physical coins too that they can
trade in and out. ni write up the plan and run it by you.
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> >
> > On Jul 24,2014, at 07:06 , jeffrey E. 4cnacation@gmail.com> wrote:
> > > no coin. leave the " coin" out.. maybe "hugs," " 120"s„ "thanks"? wishes?
>»
>»
> > > On Thu, Jul 24, 2014 at 7:01 AM, Joi Ito wrote:
> > > Interesting. Pm working on Media Lab coin now.
>>>
> > > On Jul 24, 2014, at 06:58 , jeffrey E. leevacation@gmail.com> wrote:
>»
> > > > http://en.wildpedia.org/wiki/Legalitv of Bitcoins by country
>>»
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»..-
please note
> > The information contained in this communication is
> > confidential, may be attorney-client privileged, may
> > constitute inside information, and is intended only for
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-o
> --
> please note
> The information contained in this communication is
> confidential, may be attorney-client privileged, may
> constitute inside information, and is intended only for
> the use of the addressee. It is the property of
> JEE
> Unauthorized use, disclosure or copying of this
> communication or any part thereof is strictly prohibited
> and may be unlawful. If you have received this
> communication in error, please notify us immediately by
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> destroy this communication and all copies thereof,
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Please use my alternative address to avoid email auto responder
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please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
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