Building on top of the two new Entries to The Digital Realm, I uploaded a few new additions to Digital Library IV. One research article about Privatization in the People’s Republic of China since the Dengist economic reforms and two PowerPoint presentations in PDF format. The PowerPoint presentations in question are entitled: “Illustrative Example of Intangible Asset Valuation” and “International Financial Reporting Standards & Intangible Assets.” The first presentation is from the OECD, the other from the IASB.

OECD should be familiar to anyone who has read The Third Place (1st Ed.) because the SSE was contrasted by the “OECD-Type Student Economy.” The IASB, the International Accounting Standards Board, was mentioned in Work-Standard Accounting Practices (1st Ed.) with regard to Double-Entry Account Bookkeeping. I wrote about IASB in a two-part Entry that discussed how the Death of Bretton Woods, the 9/11 attacks, and the Great Recession contributed to the worldwide Americanization of the Accounting Profession in general.

Both PowerPoint presentations are meant to be viewed for anyone who needs further comprehension understanding the concept of Intangible Assets, which I discussed in “Digitalizing the Modes of Production.” Both the OECD and IASB are in agreement that the proliferation of Intangible Assets in Market/Mixed Economies were made possible by the World Wide Web (WWW). In fact, the IASB presentation in particular insists that most conventional Cryptocurrencies qualify as Intangible Assets for the Accounting Profession. Unlike banknotes or Stocks and Bonds, one cannot “physically own” a Bitcoin, an Ethereum, a Monero or any other Cryptocurrency in the same way that one could physically own a single US Dollar or a Savings Bond. They, along with their associated Blockchains, are “intangible.”

Given that I now have a clear picture on how to proceed with the National Intranet, my next priorities are to conceptualize Economic Organization and Economic Governance on the National Intranet. Doing so will prove to be important later on when the time comes to work on Section Three, where I take the concepts and topics discussed in Sections One and Two to form a coherent picture whilst deriving much of the conclusions therein from the preceding three Treatises. If I do not work on them today, I will probably do so over the coming weekend.

Categories: Uncategorized

Tags: Accounting, Cryptocurrency, Digital Realm, Economics, Finance, National Intranet, Philosophy, Politics, Psychology, Socialist Finance, Technology, Third Place, Work-Standard, Work-Standard Accounting Practices, World Wide Web