In the last couple of years we have seen exponential change in how we pay for things and causes we care about. At MEVU, we have demonstrated a glimpse of how we can reinvent it. We have taken the best of wearable gesture technology and bitcoin’s microtransaction capability to allow payment to be done with a simple gesture in the air. This will allow you to buy a cup of coffee without the need to take out your wallet, you just have to perform a simple airsign with our device. Imagine that you are driving out from a parking lot, and while you are approaching the payment facility you just make a gesture with your hand to make the payment, and you can do this without even lowering your car windows.
The biggest idea is in fact that through microtransactions, we can bring a new model where community / common property can be maintained with the help of the users visiting the locations and donating micro-cents through air gesture. The trends are already starting with reddit tipbot with dogecoin and flattr.
Elinor Ostrom, received Nobel Prize for Economics 2009 in her book 'Governing the Commons' from 1990, demonstrated how common property can be successfully managed by user associations and that economic analysis can shed light on most forms of social organization.