I’m live blogging @ NYU using my 3G IPhone, forgive my spelling, grammer errors and lack of hyperlinks. I wrote about this lecture in my last post, and yes, I did decide to attend.

We’re talking about Etsy.com. Founder of Foundation for Peer to Peer Networking.

In 2003 if you asked “who do you trust”? You’d get the usual answers while in 2007, we trust ourselves more (people like myself).

P2P is undertaking relational, permissionless decision making. Now P2P can scale globally.

Strong Hierarchy without command and control, small groups to cooperate at a global level.

We’re reaching a point of self organization around common objectives.

New set of choices – 3 ways (Centralized, Decentralized, Distributed); example of civil society enable and empower creativity in a town in France.

Division of Labor, everyone can produce and there’s a peer to peer review process.

Individual self selects tasks and level of contribution. Transparent Process (WikiPidia). But you need open access to raw materials and the permission to use them. When costs of participation are low enough – new way of producing value (Wikipidia vs ), new way is hyper productive vs. The alternatives.

Innovation can only be competitive in the old way, in Peer 2 Peer, the default option is pasionfull participation (absolute quality).

Corporations can’t compete with Peer 2 Peer, when compared.

Social Change – when societies change it’s when the organizing (ruling) and production (working) changing together.

Sharing model – share your expressions, but the links are weak, and your platform is 3rd party.

Or, Wikipedia, where everyone is working toward a shared goal on the same platform.

Peer 2 Peer needs to be govern different. Peer goverence is not based on Market Scarcity.

But while this may work for Wikipidia, but will it work in building a car? Yes, as long as you design it first.

Open Source Car Projects. Peer Production as a model if what is coming next.

Ancient Roman Empire, moving from large scale production with slaves to a more localized product. But markets require scarcity.

In our society now we have a crisis of value; we can produce almost infinately but.. Much of it is not yet monitiable, and is becoming, therefore, unsustainable.

Rapid protyping shows means of production is becoming decentralizated. Relocalization of global production.

We can’t succeed without large scale particapation in Peer to Peer – Peer to Peer Society.

When Roman Empire fell, society had 500 years of local solutions via Midevil.