Hackers rake off big bucks from EU carbon exchange

Paul Raven @ 21-01-2011

Another case of life imitating (very) contemporary science fiction, the book in question being Ian McDonald’s excellent The Dervish House: some sneaky shenanigans via the compromised accounts of Czech traders has allowed some black-hat hacker types to rake off millions of dollars from the EU carbon trading exchange [via SlashDot]. Worse still, this is far from the first embarrassment of this type that the exchange has suffered from


Rushkoff on radical abundance and the economics of Web Cubed

Paul Raven @ 23-11-2009

I’ve mentioned Douglas Rushkoff here a few times before (both as a thinker and a writer of comics and fiction), and I’m also deeply interested in alternative economic structures, so the following video of Rushkoff’s swift fifteen-minute keynote speech to the O’Reilly Web 2.0 conference was like internet crack for me.

I strongly recommend you watch it; even if you don’t agree with all of his points, Rushkoff’s got a very coherent vision, and seems to be one of the few alternative currency advocates who’s thought beyond the basics. In a nutshell, he’s saying we need to shift paradigms, and move from extracting value to exchanging value. Take a look: