The phenomena [Supernova] focused on, a grab bag of new technologies that have bubbled up from the humbled high-tech world in the post-crash era, are mostly geek driven and grassroots spread: Wi-Fi (802.11b), the wireless high-speed Net access method; blogs; and “Web services,” a fuzzy term to describe new methods of directly and quickly connecting software applications and data across the Net.
These disparate boomlets share an “end to end” design: They rely on the power of individual users’ computers — there’s no big, centrally operated piece of software or hardware mediating. The users connect across an open, “stupid” network — the Internet itself, today — that simply moves information without worrying about what it is. The resulting software is ad hoc, impromptu, flexible, “lightweight.” Empowered individuals at the ends of the network try out new ideas and build myriad new services. It’s geek heaven.
What’s missing from this picture? Dollars and cents. That’s not to say there are no business models in the land of decentralization.
Am not sure about the “no business models” part – I think we’ve probably just not discovered them yet.