A microcredit co-op bank has sprung up in Northern California, using money pooled from hardware hackers to fund other open source hardware hacking projects. They've found 70 lenders,
Two open source hardware enthusiasts, Justin Huynh and Matt Stack, have started the Open Source Hardware Bank to fund hardware projects such as the microcontroller board pictured above.
The fledgling bank is funding only open source hardware projects using capital raised from other hardware geeks. It's like a community of Facebook friends borrowing and lending among themselves – a peer-to-peer bank.
"This speaks to the rise of the do-it-yourselfer, someone who is not just a consumer but also a producer, inventor and investor," says Huynh. "But someone also ought to be thinking about the money problem when it comes to open source hardware and we are doing just that."
So, this is a major plot element of my science fiction novel Makers
, coming from Tor next October: microcredit-funded open source hardware hackers laboring in dead malls (the first third of the book was syndicated on Salon as "Themepunks"). It's always a little weird when sf starts to leak into reality.
Open Source Hardware Hackers Start P2P Bank
Liquidware Antipasto: site for Open Source Hardware Bank
When I saw that the cell phone designed for rectal smuggling was called “Beat the Boss,” I assumed “The Boss” was a synonym for “The Man,” but it turns out it’s a reference to a specific product: Xeku’s Body Orifice Security Scanner (BOSS), a “hygienic cavity search” chair that scans prisoners for rectal contraband.
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DJI is the world’s leading designer and producer of easy-to-fly drones and aerial photography systems. If you’re a drone enthusiast, you want a DJI. If you know absolutely nothing about drones and think they’re weird, if you win a DJI you’re going to become a drone enthusiast.Enter this giveaway (for free, yes) and you’ll get a […]
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