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Kimberley Peter and Michael Schaus: Understanding Bitcoin Currency and Blockchain Technology as a Media System

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Kimberley Peter and Michael Schaus: Understanding Bitcoin Currency and Blockchain Technology as a Media System

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Kimberley Peter and Michael Schaus: Understanding Bitcoin Currency and Blockchain Technology as a Media System

  1. 1. Bitcoin Currency & Blockchain Technology as a Media System Understanding Kimberley Peter and Michael Schaus Strategic Foresight + Innovation OCAD University October 13-15, 2016 Kimberley Peter and Michael Schaus ©2016 . RSD5
  2. 2. Kimberley Peter and Michael Schaus ©2016 . RSD5 { is not } an in-depth lesson on, nor prediction about, Bitcoin or blockchain; nor is it advocating adoption 2 DISCLAIMER { is } a set of insights from research and application of an integrated model to seed scenarios
  3. 3. Kimberley Peter and Michael Schaus ©2016 . RSD5 3 CONCEPTS BACKGROUND CONCEPTS
  4. 4. Kimberley Peter and Michael Schaus ©2016 . RSD5 4 BACKGROUND CONCEPTS — MONEY AS TECHNOLOGY INTRINSIC + INSTRUMENTAL
 VALUE Barter INTRINSIC
 VALUE INSTRUMENTAL
 VALUE Gold INTRINSIC
 VALUE INSTRUMENTAL
 VALUE Convertible fiat INTRINSIC
 VALUE INSTRUMENTAL
 VALUE Fiat 2.0 GOOD ASSET 1. Money as technology
  5. 5. Kimberley Peter and Michael Schaus ©2016 . RSD5 5 “Scrooges big sin was to freeze his money; for money, as all students of it recognize, is of use only when it’s moving, since it derives its value entirely from whatever it can translate itself into. — Margaret Atwood, Payback BACKGROUND CONCEPTS — DEMURRAGE
  6. 6. Kimberley Peter and Michael Schaus ©2016 . RSD5 6 BACKGROUND CONCEPTS — COMPLEMENTARY CURRENCIES Fureai Kippu Sectoral Currency Bristol Pound Local Currency Bitcoin Cryptocurrency 2. Complementary currencies
  7. 7. Kimberley Peter and Michael Schaus ©2016 . RSD5 7 RESEARCH RESEARCH PROCESS
  8. 8. Kimberley Peter and Michael Schaus ©2016 . RSD5 8 RESEARCH PROCESS — SCOPE Toronto community Global network
  9. 9. Kimberley Peter and Michael Schaus ©2016 . RSD5 9 RESEARCH PROCESS — OVERVIEW ENGAGED
 SIX EXPERTS REVIEWED LITERATURE ANALYZED + INTERPRETED Understanding context + concepts
  10. 10. Kimberley Peter and Michael Schaus ©2016 . RSD5 9 RESEARCH PROCESS — OVERVIEW ENGAGED
 SIX EXPERTS REVIEWED LITERATURE ANALYZED + INTERPRETED CONSIDERED IDEAS + 
 MAPPED AS MEDIA ON TETRAD EXPLORED WITHIN SYSTEM OVER TIME USING PANARCHY MODEL SHARING + 
 GATHERING INPUT Understanding context + concepts Development of a research framework
  11. 11. Kimberley Peter and Michael Schaus ©2016 . RSD5 10 Technology as leading innovation, hits up against the slowness of policy innovation. INSIGHT #1 RESEARCH PROCESS — INSIGHTS
  12. 12. Kimberley Peter and Michael Schaus ©2016 . RSD5 11 Some people and groups are early adopters out of necessity, e.g., remittance payments. INSIGHT #2 RESEARCH PROCESS — INSIGHTS
  13. 13. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS IDEAS BLACK = Bitcoin
 BROWN = Blockchain Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchanges Current regulations and compliance policies for existing B2B interactions Online shopping and trade 12
  14. 14. Kimberley Peter and Michael Schaus ©2016 . RSD5 Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any system Evolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls RESEARCH PROCESS — IDEAS IDEAS BLACK = Bitcoin
 BROWN = Blockchain Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchanges Current regulations and compliance policies for existing B2B interactions Online shopping and trade 12
  15. 15. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS Media Tetrad Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  16. 16. Kimberley Peter and Michael Schaus ©2016 . RSD5 What does the media, or technology, ENHANCE? RESEARCH PROCESS — IDEAS Media Tetrad Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  17. 17. Kimberley Peter and Michael Schaus ©2016 . RSD5 What does the media, or technology, ENHANCE? RESEARCH PROCESS — IDEAS What does the media, or technology, RETRIEVE? Media Tetrad Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  18. 18. Kimberley Peter and Michael Schaus ©2016 . RSD5 What does the media, or technology, ENHANCE? RESEARCH PROCESS — IDEAS What does the media, or technology, REVERSE INTO? What does the media, or technology, RETRIEVE? Media Tetrad Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  19. 19. Kimberley Peter and Michael Schaus ©2016 . RSD5 What does the media, or technology, ENHANCE? RESEARCH PROCESS — IDEAS What does the media, or technology, REVERSE INTO? What does the media, or technology, RETRIEVE? What does the media, or technology, OBSOLESCE? Media Tetrad Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  20. 20. Kimberley Peter and Michael Schaus ©2016 . RSD5 What does the media, or technology, ENHANCE? RESEARCH PROCESS — IDEAS What does the media, or technology, REVERSE INTO? What does the media, or technology, RETRIEVE? What does the media, or technology, OBSOLESCE? Media Tetrad FIGURE GROUND Kimberley Peter and Michael Schaus ©2016 . RSD5 McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  21. 21. RESEARCH PROCESS — IDEAS 14 TITLE TEXT IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any system Evolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchanges Current regulations and compliance policies for existing B2B interactions Online shopping and trade Kimberley Peter and Michael Schaus ©2016 . RSD5
  22. 22. RESEARCH PROCESS — IDEAS 14 TITLE TEXT BITCOIN CURRENCY BLOCKCHAIN TECHNOLOGY REVERSES INTOENHANCES RETRIEVES OBSOLESCES IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any systemEvolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchangesCurrent regulations and compliance policies for existing B2B interactions Online shopping and trade Kimberley Peter and Michael Schaus ©2016 . RSD5
  23. 23. RESEARCH PROCESS — IDEAS 14 TITLE TEXT BITCOIN CURRENCY BLOCKCHAIN TECHNOLOGY REVERSES INTOENHANCES RETRIEVES OBSOLESCES IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any systemEvolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchangesCurrent regulations and compliance policies for existing B2B interactions Online shopping and trade Ownership of money Kimberley Peter and Michael Schaus ©2016 . RSD5
  24. 24. RESEARCH PROCESS — IDEAS 14 TITLE TEXT BITCOIN CURRENCY BLOCKCHAIN TECHNOLOGY REVERSES INTOENHANCES RETRIEVES OBSOLESCES IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any systemEvolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchangesCurrent regulations and compliance policies for existing B2B interactions Online shopping and trade Ownership of money Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Kimberley Peter and Michael Schaus ©2016 . RSD5
  25. 25. RESEARCH PROCESS — IDEAS 14 TITLE TEXT BITCOIN CURRENCY BLOCKCHAIN TECHNOLOGY REVERSES INTOENHANCES RETRIEVES OBSOLESCES IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any systemEvolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchangesCurrent regulations and compliance policies for existing B2B interactions Online shopping and trade Ownership of money Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Need for 3rd party in transactional relationships Kimberley Peter and Michael Schaus ©2016 . RSD5
  26. 26. RESEARCH PROCESS — IDEAS 14 TITLE TEXT BITCOIN CURRENCY BLOCKCHAIN TECHNOLOGY REVERSES INTOENHANCES RETRIEVES OBSOLESCES IDEAS Mapped on Media Tetrad BLACK = Bitcoin
 BROWN = Blockchain Anonymity (pseudonymity) of transactions Intimacy of transactions P2P Exchange
 (removes third party intermediaries) Policy and freedom of pre-Internet Web 1.0 days Upside of barter (robust sense of shared value in the moment + open opportunities of digital market Opportunism tipping the balance away from real value to empty or misguided messaging and products Tangibility of risk (materiality in the area of investment) Innovative potential in value-yielding businesses and products Maxxing out utility of investment Seeking ‘Breach opportunities’ (Increased incentive to destabilize reliability, stability, pseudonymity afforded by blockchain) Business/data monopolization by big Internet companies Trust for access Thinking through the incentive dynamics unique to any systemEvolution of the Internet (birth of IoT, new business models, access and usage/ citizens of the Internet Innovation 
 (and accelerates it) Dependency on technology 
 (reliability and uptime) Decentralized power of issuance Transactional trust (math as contract) Security of transactions Internal integration and communication Decentralized activism (on the blockchain) Middlemen Need for 3rd party in transactional relationships Face-to-face social engagement Obsessive security Oppressive government controls Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Ownership of money Merchant commerce (B2B/B2C) - Reduced friction and cost, with immediacy of transaction Tangibility of cash Currency without borders Management of balance of medium of exchange and holder of value (slows velocity) Blind following of ‘heat’ of bitcoin in exchanges, like fiat exchanges (e.g., terrorist initiated ‘puts’) An interesting case study along trajectory of earlier digital currencies (Liberty Dollar, Chaumian eCash, Szabo’s Bitgold) Definitive settlement of transactions Banking for everyone (including criminals) Safety of value store in the face of unknown deflationary decline Safety of storing and transacting in bitcoin over being tied to central banking systems (applies to individual, businesses and governments) Control over and access to funds Financial services shouldering the risk of bitcoin-related transactions Knowledge of money and where it comes from Transaction reversal Bricks & Mortar stores Monoculture/ monocurrency US Treasury Bills as a safety net Forms of digital payment that support centralized banking structures 
 (e.g., Paypal, Apple Pay, Google Wallet) Traditional centralized stock exchangesCurrent regulations and compliance policies for existing B2B interactions Online shopping and trade Ownership of money Intimacy of transactions Asset (value store) only used as ‘flight to safety’ and not as a good (medium of exchange) Need for 3rd party in transactional relationships Kimberley Peter and Michael Schaus ©2016 . RSD5
  27. 27. Kimberley Peter and Michael Schaus ©2016 . RSD5 15 RESEARCH PROCESS — IDEAS Media Tetrad at Three Levels of Economy MICRO LEVEL
 Real Economy
  28. 28. Kimberley Peter and Michael Schaus ©2016 . RSD5 15 RESEARCH PROCESS — IDEAS Media Tetrad at Three Levels of Economy MICRO LEVEL
 Real Economy MESO LEVEL
 Financial Services
  29. 29. Kimberley Peter and Michael Schaus ©2016 . RSD5 15 RESEARCH PROCESS — IDEAS Media Tetrad at Three Levels of Economy MICRO LEVEL
 Real Economy MESO LEVEL
 Financial Services MACRO LEVEL
 National Currency / Policy
  30. 30. Kimberley Peter and Michael Schaus ©2016 . RSD5 16 What might the impact be over time? RESEARCH PROCESS — IDEAS
  31. 31. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model Kimberley Peter and Michael Schaus ©2016 . RSD5
  32. 32. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) “Rapid colonization of recently disturbed area—the instantaneous rate of growth of a population” Kimberley Peter and Michael Schaus ©2016 . RSD5
  33. 33. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) “Rapid colonization of recently disturbed area—the instantaneous rate of growth of a population” CONSERVATION (Κ) “Slow accumulation and storage of energy and material—the sustained plateau or maximum population” Kimberley Peter and Michael Schaus ©2016 . RSD5
  34. 34. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) “Rapid colonization of recently disturbed area—the instantaneous rate of growth of a population” CREATIVE DESTRUCTION (Ω) “Tightly bound accumulation of biomass becomes increasingly overconnected until suddenly released—the ultimate limit” CONSERVATION (Κ) “Slow accumulation and storage of energy and material—the sustained plateau or maximum population” Kimberley Peter and Michael Schaus ©2016 . RSD5
  35. 35. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) “Rapid colonization of recently disturbed area—the instantaneous rate of growth of a population” CREATIVE DESTRUCTION (Ω) “Tightly bound accumulation of biomass becomes increasingly overconnected until suddenly released—the ultimate limit” CONSERVATION (Κ) “Slow accumulation and storage of energy and material—the sustained plateau or maximum population” REORGANIZATION (α) “Appearance or expansion of organisms that begin to capture opportunity—the pioneer species” Kimberley Peter and Michael Schaus ©2016 . RSD5
  36. 36. 17 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) “Rapid colonization of recently disturbed area—the instantaneous rate of growth of a population” CREATIVE DESTRUCTION (Ω) “Tightly bound accumulation of biomass becomes increasingly overconnected until suddenly released—the ultimate limit” CONSERVATION (Κ) “Slow accumulation and storage of energy and material—the sustained plateau or maximum population” REORGANIZATION (α) “Appearance or expansion of organisms that begin to capture opportunity—the pioneer species” Kimberley Peter and Michael Schaus ©2016 . RSD5
  37. 37. 17 RESEARCH PROCESS — IDEAS Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press.Panarchy Model GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Kimberley Peter and Michael Schaus ©2016 . RSD5
  38. 38. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS Tetrad Nested in Panarchy GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  39. 39. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS Tetrad Nested in Panarchy GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) MEDIA ENHANCES REVERSES INTO RETRIEVES OBSOLESCES Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  40. 40. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS Tetrad Nested in Panarchy GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) MEDIA ENHANCES REVERSES INTORETRIEVES OBSOLESCES Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  41. 41. Kimberley Peter and Michael Schaus ©2016 . RSD5 RESEARCH PROCESS — IDEAS Tetrad Nested in Panarchy GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  42. 42. 19 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Tetrad Nested in Panarchy ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Kimberley Peter and Michael Schaus ©2016 . RSD5 Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  43. 43. 19 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS FIGURE / GOOD GROUND / ASSET GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Tetrad Nested in Panarchy ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Kimberley Peter and Michael Schaus ©2016 . RSD5 Gunderson, L. H. and Holling, C. S. (eds). (2001). Panarchy: Understanding Transformations in Human and Natural Systems. Washington, DC: Island Press. McLuhan, M., & McLuhan, E. (1988). Laws of media: The new science. Toronto: University of Toronto Press.
  44. 44. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  45. 45. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  46. 46. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  47. 47. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money Start up culture around new remittance services FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  48. 48. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money Start up culture around new remittance services Need for 3rd party intermediaries FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  49. 49. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money Start up culture around new remittance services Need for 3rd party intermediaries Increased intimacy of transactions FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  50. 50. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money Start up culture around new remittance services Need for 3rd party intermediaries Anonymity of personal transactions Increased intimacy of transactions FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  51. 51. 20 SPRING SUMMER AUTUMN WINTER RESEARCH PROCESS — IDEAS GROWTH (r) CREATIVE DESTRUCTION (Ω) CONSERVATION (Κ)REORGANIZATION (α) Narrative: Remittance at Real Economy Level ENHANCES / REVERSES INTO /RETRIEVES / OBSOLESCES / Currency without borders Ownership of money Start up culture around new remittance services Need for 3rd party intermediaries Anonymity of personal transactions Increased intimacy of transactions Upside of barter
 (trust in transaction) FIGURE / GOOD GROUND / ASSET Kimberley Peter and Michael Schaus ©2016 . RSD5
  52. 52. Kimberley Peter and Michael Schaus ©2016 . RSD5 21 How might this play out through levels of the financial system? RESEARCH PROCESS — IDEAS
  53. 53. Kimberley Peter and Michael Schaus ©2016 . RSD5 22 RESEARCH PROCESS — IDEAS MICRO LEVEL
 Real Economy Level Narrative: Remittance at Three Levels of System
  54. 54. Kimberley Peter and Michael Schaus ©2016 . RSD5 22 RESEARCH PROCESS — IDEAS MICRO LEVEL
 Real Economy Level Narrative: Remittance at Three Levels of System MESO LEVEL
 Financial Services
  55. 55. Kimberley Peter and Michael Schaus ©2016 . RSD5 22 RESEARCH PROCESS — IDEAS MICRO LEVEL
 Real Economy Level Narrative: Remittance at Three Levels of System MESO LEVEL
 Financial Services MACRO LEVEL
 National Currency / Policy
  56. 56. Kimberley Peter and Michael Schaus ©2016 . RSD5 22 RESEARCH PROCESS — IDEAS MICRO LEVEL
 Real Economy Level Narrative: Remittance at Three Levels of System MESO LEVEL
 Financial Services MACRO LEVEL
 National Currency / Policy REVOLT
  57. 57. Kimberley Peter and Michael Schaus ©2016 . RSD5 22 RESEARCH PROCESS — IDEAS MICRO LEVEL
 Real Economy Level Narrative: Remittance at Three Levels of System MESO LEVEL
 Financial Services MACRO LEVEL
 National Currency / Policy REMEMBER REVOLT
  58. 58. Kimberley Peter and Michael Schaus ©2016 . RSD5 23 How might remittance be an entry point for Bitcoin’s potential to bank the unbanked towards the emergence of a “digital middle class”? RESEARCH PROCESS — TOPIC OPPORTUNITIES
  59. 59. Kimberley Peter and Michael Schaus ©2016 . RSD5 24 FUTURE WORK REFLECTION ON THE MODELS AND FUTURE WORK
  60. 60. Kimberley Peter and Michael Schaus ©2016 . RSD5 25 Aggregate emergence — within and across quadrants and at levels of system REFLECTION ON THE MODELS — BENEFITS Media Tetrad Panarchy Model Taking emergent ideas through time and narrative — both horizontally and vertically
  61. 61. Kimberley Peter and Michael Schaus ©2016 . RSD5 26 Its usefulness as a scenario-seeding tool needs further exploration
 More applications of the models together are needed REFLECTION ON THE MODELS — CHALLENGES Integrated Model
  62. 62. Kimberley Peter and Michael Schaus ©2016 . RSD5 27 What applications of this integrated model can you imagine? FUTURE WORK — TOOL OPPORTUNITIES
  63. 63. Kimberley Peter @kpeter kimberpeter@gmail.com Michael Schaus @Schausm schausmike@gmail.com THANKS! Kimberley Peter and Michael Schaus ©2016 . RSD5

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