Open Source Hardware Hackers Start P2P Bank


I love to hear about community based solutions to economic problems. Creativity of all kinds should be able to flourish for the greater good, rather than with the single minded obsession with profit.

From Wired.com - By Priya Ganapati March 18/2009

"Getting a business loan in this economy can be more difficult than landing a reservation at French Laundry in Napa, California. Now try selling the loan officer on an open source hardware project where the blueprints will be given away.
That's why the hardware hacking community is turning inwards to fund its ideas. . . . 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." LINK

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