Building the Burning Man Bank
01/05 2007 | 12:11 PM
Posted by: Janko Roettgers
All this excitement about Prosper and other forms of P2P lending sometimes lets us forget that there has been a framework of semi-centralized P2P banking in place for many years - credit unions.
Some folks from the Burning Man community are now rediscovering these community-owned financial institutions and plan to open their own, which will be called the Black Rock Federal Credit Union.
Jesse Robbins recently got to present a short lightning talk about these effords at Ignite Seattle. Here's the video:
Now, there's a few things that have to be said about this video. In Jesse's own words:
"1. I was, in fact, drunk when I wrote and presented this talk. I feel the need to state for the record that this event was held in a bar which didn’t have food and I’m I lightweight because I don’t drink that often. So… moving on…
2. I was wrong about Credit Union capitalization."
It's neverthelessa very spirited talk entertaining. And it's good to see that people start incorporating open source software and web-based social communities into the credit union movement.
Ignite Seattle was / is an unconference organized by some of the folks from O'Reilly. Every talk is just five minutes long, so it's easy to catch up afterwards. Curious? Then just grab the torrent with videos of all the pesentations.
(via O'Reilly Radar)
Some folks from the Burning Man community are now rediscovering these community-owned financial institutions and plan to open their own, which will be called the Black Rock Federal Credit Union.
Jesse Robbins recently got to present a short lightning talk about these effords at Ignite Seattle. Here's the video:
Now, there's a few things that have to be said about this video. In Jesse's own words:
"1. I was, in fact, drunk when I wrote and presented this talk. I feel the need to state for the record that this event was held in a bar which didn’t have food and I’m I lightweight because I don’t drink that often. So… moving on…
2. I was wrong about Credit Union capitalization."
It's nevertheless
Ignite Seattle was / is an unconference organized by some of the folks from O'Reilly. Every talk is just five minutes long, so it's easy to catch up afterwards. Curious? Then just grab the torrent with videos of all the pesentations.
(via O'Reilly Radar)
Tags: ignite, igniteseattle, seattle, blackrockfederalcreditunion, creditunion, creditunions, p2p, p2pbanking, prosper, burningman, jesserobbins, oreilly
Ann E. Moose wrote:
Double standards, owning class and chumps, same old crap repackaged to look hipsterish.
*Burning Man is a registered trademark owned by Black Rock, LLC, a secretive organization created to agressively protect the idea of a feastival centered around burning a large wooden man sculpture stolen from a bunch of peasants in New Mexico http://en.wikipedia.org/wik... and then stolen from the person who stole it from them - sweet!
[Any photographs of burning man, discussions of bruning man, meetings before or after burning man are the sole property of Black Rock, LLC.]