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Pentagon Shooter Had An Idea For A Currency Based On Knowledge

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Business Insider
Friday, March 5, 2010

In addition to vast conspiracy theories, Thursday’s pentagon shooter had an idea for a new currency based on knowledge.

John Patrick Bedell was a “genius” circuit design student at San Jose State University and a “pothead,” sources told Mercury News.

Here’s our best interpretation of his Youtube economic manifesto:

  • A creator uploads his creation to the Internet.
  • Authorities issue him units of Information Currency (IC).
  • Bloggers and other disseminators of news that want to use the content give the creator units of  Monetary Currency (MC) for units of IC.
  • New internet users give MC for IC, and then use the IC to obtain Verification Certificates (VC).
  • VC’s strengthen the bond between user and creator.

Uh…

This article was posted: Friday, March 5, 2010 at 1:09 pm





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