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Adventures in mutual credit
I've just discovered that the mailing list on my website hasn't been working, so if you receive this by mail, do have a look back at my blog!
In particular I'd like to draw your attention though to two things.
Firstly in considering how to build on my career so far, how to reduce technical dependence on me, and how the whole complementary currency movement can move forward, I wrote this analysis:
Readers less interested in the story of Community Forge may wish to skip the text in grey.
In 2008 grassroots social organisations were (and still are) behind the curve both in uptake and in appreciating the importance of open source. Most local community currency groups were unaware of the software options available and still using paper although migration to online packages was underway.
This week I was honoured to be part of the Money & Society Summit, organised by Jem Bendell. It was a chance to bring some unusual monetary thinking to newcomers and especially some Bitcoin enthusiasts who have a stronghold here in Bali! During the final Panel, Gary Dykstra, host of the Bitcoin Filter, asked the panelists, me included, what the Bitcoin movement could learn from its elder sibling the complementary currency movement.
Five of us met at Ynternet headquarters near Lausanne, Switzerland on 4th and 5th to discuss development of the credit commons idea. I reported many positive experiences this year as he talked about the white paper with different people. I also reaffirmed that I didn’t know what leadership meant, but did understand the role of ‘holding the vision’.
Dear Community Forge,
Lucas Huber suggests that the Interledger Protocol would be a suitable technology for implementing the credit commons. This post is a space to explore that more fully.
For a long time I have marvelled at the elegance of the Ripple protocol, which allows members of a network to extend trust to one another and for payments, or at least virtual payments, to ripple through the resulting mesh along pathways it finds.
Ripple was originally designed as a sort of abstraction of mutual credit. Instead of people forming groups, each account extends a line of trust to several other accounts to form a mesh. Each account is then in its own virtual group.
I sat down with Athens' newest Timebank, Vrilissia, and Luke Flegg to talk about cooperation in Austerity-riddled Greece.