What if algorithms could be made to work with respect to the money system, and what effect would this have on the economic, environmental and societal challenges that we face?

What if society’s money system could be created via the voluntary interactions of millions of participants - by the invisible hand of collective intelligence – as opposed to the current centralized, top-down, bank-centric approach? Will individual actors – acting collectively via IT – achieve a better outcome for monetary management than the central bankers of this world? Will the spontaneous order arising out of individualism provide results superior to the centrally-planned status-quo? Can we make the Invisible Hand handle money?

Intermediated exchange processes vs. The peer-to-peer exchange process

Credit and fractional reserve banking - part I: The original sin

Credit and fractional reserve banking - part II: Systemic features and failures

The Case for Private Currencies