Douglas Rushkoff on DIY Finance hacking

“The cyberpunk ethos was actually based in
the very same DIY (do-it-yourself) ethos I’m espousing now. Cyberpunk
was about reclaiming technology, making modifications oneself or with
one’s friends, generating value from the bottom up, exchanging goods
and services in an alternative economy. I’m not saying we get rid
of money–only that we learn to make it ourselves, as communities. I’m
not saying we get rid of banks–only that we stop outsourcing our
banking to Wall Street firms that mean only to extract value from our

I have always admired hackers–computer hackers and social hackers.
I’m just trying to expand the range of technologies and institutions we
feel ready and willing to hack. We should hack money. We should hack
banking. We should hack business. This doesn’t necessarily mean hacking
the dollar, which is just one kind of closed source currency. We should
hack money by coding new kinds. Bank hacking has been around for a
long time–it’s just that credit unions and other local or
community-based bank models were driven down by the anti-competitive
practice of banking conglomerates. It’s time for those institutions to
be renewed, as well.”

–Rushkoff, Hack Money, Hack Banks in arthurmag.