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Adventures in mutual credit

How could businesses support Extinction Rebellion?

As climate change inevitably rises up the political agenda, the shame of being seen not to act on it increases. Climate concerns everyone, even the rich, even the unborn, and everyone is invited to participate. Unlike with race, gender and class struggles, no one group can claim to own it. But what about those non-human persons, corporations?

Building a credit commons exchange.

The usual mechanism of exchange in daily life and in cryptocurrency markets is using an intermediate commodity called money. If you want to swap the goods and services (G&S) you produce for other G&S you put your G&S on a bilateral market and swap it for money with whoever wants to pay the most for it. Then you take your money into another market and swap your money for the G&S that you want. Since money is a commodity like any other, you don't have to swap G&S for G&S but can move money in and out of the exchange.

Mutual credit exchange and commodity money exchanges.

The Credit Commons is my design for a financial exchange based on the principles of mutual credit, and autonomous communities voluntarily and trustfully collaborating. As such it differs from the more common exchange architectures in fundamental ways.

Decentralised social networks & Holochain mutual credit

It is easy to do mutual credit or any accounting inside one organisation running one software instance on one server. Accounting between organisations on different software on different servers is much harder though.

UK mutual credit network: register your interest

I've learned in the last decade just how hard it is to work outside the money system. Its like trying to work outside of FaceBook - there just isn't anything else equivalent, and all your connections are there. If you drop out of the money system you lose all your trading partners and may struggle to build a new network in a field which is narrower and has less powerful tools.

Holochain vs ActivityPub


Holochain is being talked about in my circles as if it were a magic bullet, and the nat

Terrible tokenomics: Yellowcoin

Selling tokens is now an accepted way to raise investment capital for IT projects, at least for speculative blockchain ventures. Tokens are not like shares an a company; they do not pay dividends or confer voting rights. Sometimes they can be used to buy the product or service, on the off-chance the company ever gets it to market.

Personal currencies: Hayek's wet dream or Spaghettinomics?

Over the years I've come across a few proposals that any person or entity should able to issue their own currency, and I've always struggled about what that would mean and how it would work. This is relevant for recursive currency systems like the Credit Commons in which theoretically any member could create a currency as part of a larger monetary ecosystem. Recently I've been thinking these through and I think the benefits are outweighed by the drawbacks.

LocalPay technical options

This document outlines a range of technical options and estimated costs of each.

Technical projects by nature are notoriously hard to cost because by nature each one is breaking new ground and risks are hard to calculate. For projects to work to a predetermined budget, the technical risk must be priced in from the beginning and this takes the form of high salaries for developers to meet specific technical goals. There are many mIf the goals are softer, if some corners can be cut, if some features are considered optional - i.e. included only if the essential things are completed.

Tour of Portugal

Luisa and I toured Portugal in September 2018 to find out the best places to build a resilient life.


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