Adventures in mutual credit
I want to save the world.
write a short engaging/actionable text (approx. 2 pages long) as a sort of tutorial/step-by-step instruction on starting a complementary currency system for EC Responding Together programme
If a community currency was simply a printed note or an accounting system, then you could make a 1 2 3 recipe for starting one in your community, like boiling an egg. However this approach is unlikely to succeed, because a currency is more than just tokens and symbols.
Since the dot com boom, online services have been delivered 'free' by venture capitalised projects to acclimatise and capture a user base before the real, revenue-generating business model kicks in. For services which depend for their value on the number of users it is especially important to arrive early in the marketplace with an attractive product.
Consider Facebook - the fact of all your friends being already on Facebook makes leaving like venturing out into the wilderness.
Dear Mr Huber,
The decision of your committee seems very short-sighted to me as a non-German. The Nazis did many depraved things but we would do well to learn from their monetary policy if we wanted to execute say, a green new deal or reduce our subservience to private banking interests. Of course communicating with the electorate requires care with language, but the cause of monetary reform will get nowhere without also educating the electorate.
Dane County Time Bank has been run by Stephanie Rearick for several years and is now up to 2500 members. Madison Hours has been less successful, but Stephanie believes that together they offer a valuable combination. Stephanie plans to bring them together into a dual currency marketplace where businesses, nonprofits and ordinary folk can exchange without money - the new system will be greater than the sum of its parts.
I love money
For the first time I have helped to design a currency! With LETS and Time banks, the currency model is pretty straight-forward mutual credit with minimum and maximum account limits. Then more often than not there is an issuing account which gradually runs out of control and they are running a fiat system more than a mutual credit.
The founder of the O-share had joined a cooperative cafe arising out of the Israeli protest movement of 2011 with the expressed intention of starting a currency.
This game is designed to show participants in workshops
By simulating trading in an actual marketplace, the traders feel the difference, which reinforces the learning objectives.
The Rolling Jubilee campaign is raising money to buy up cheap debt and forgive it.
I wrote to them asking
Why not a campaign of solidarity and support for debtors and people who default?
Bitcoin is a super way for frictionless transactions and for disassociating ourselves from the fraud, waste, and centralised control of commercial credit and legal tender monies. Most techies working on monetary solutions seem to think that the ideal currency is a globally uniform, frictionless unit in which transactions are quickly settled, with anonymity an arguably desirable trait.