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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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
3
CONCEPTS
BACKGROUND CONCEPTS
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
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
7
RESEARCH
RESEARCH PROCESS
Kimberley Peter and Michael Schaus ©2016 . RSD5
8
RESEARCH PROCESS — SCOPE
Toronto community
Global network
Kimberley Peter and Michael Schaus ©2016 . RSD5
9
RESEARCH PROCESS — OVERVIEW
ENGAGED

SIX EXPERTS
REVIEWED
LITERATURE
ANALYZED +
INTERPRETED
Understanding context + concepts
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
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
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
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
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
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.
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.
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.
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.
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.
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.
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
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
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
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
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
15
RESEARCH PROCESS — IDEAS Media Tetrad at Three Levels of Economy
MICRO LEVEL

Real Economy
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
16
What might the impact be over time?
RESEARCH PROCESS — IDEAS
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
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
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
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
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
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
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
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.
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.
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.
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.
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.
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.
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
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
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
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
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
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
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
21
How might this play out through levels
of the financial system?
RESEARCH PROCESS — IDEAS
Kimberley Peter and Michael Schaus ©2016 . RSD5
22
RESEARCH PROCESS — IDEAS
MICRO LEVEL

Real Economy Level
Narrative: Remittance at Three Levels of System
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
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
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
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
24
FUTURE WORK
REFLECTION ON THE MODELS AND FUTURE WORK
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
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
Kimberley Peter and Michael Schaus ©2016 . RSD5
27
What applications of this integrated
model can you imagine?
FUTURE WORK — TOOL OPPORTUNITIES
Kimberley Peter
@kpeter
kimberpeter@gmail.com
Michael Schaus
@Schausm
schausmike@gmail.com
THANKS!
Kimberley Peter and Michael Schaus ©2016 . RSD5

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

  • 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 3 CONCEPTS BACKGROUND CONCEPTS
  • 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. 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 7 RESEARCH RESEARCH PROCESS
  • 8. Kimberley Peter and Michael Schaus ©2016 . RSD5 8 RESEARCH PROCESS — SCOPE Toronto community Global network
  • 9. Kimberley Peter and Michael Schaus ©2016 . RSD5 9 RESEARCH PROCESS — OVERVIEW ENGAGED
 SIX EXPERTS REVIEWED LITERATURE ANALYZED + INTERPRETED Understanding context + concepts
  • 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 15 RESEARCH PROCESS — IDEAS Media Tetrad at Three Levels of Economy MICRO LEVEL
 Real Economy
  • 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 16 What might the impact be over time? RESEARCH PROCESS — IDEAS
  • 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 21 How might this play out through levels of the financial system? RESEARCH PROCESS — IDEAS
  • 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. 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. 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. 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. 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 24 FUTURE WORK REFLECTION ON THE MODELS AND FUTURE WORK
  • 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. 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. Kimberley Peter and Michael Schaus ©2016 . RSD5 27 What applications of this integrated model can you imagine? FUTURE WORK — TOOL OPPORTUNITIES