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Adventures in mutual credit

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.

Are the functions of money all wrong?

William Stanley Jevons described the four functions of money in 1875:

  • a medium of exchange,
  • a unit of account,
  • a store of value,
  • a standard of deferred payment

For some time I marvelled at his clarity, but this week it all unravelled for me. So this post is an attempt at a sanity check.

Exarchiea: the Mecca of anarcho-tourism

Most Greeks will tell you that the Exarchiea quarter of Athens is a dangerous and dismal place, in desperate need of gentrification - because the establishment media tells them so.

How would Bancor Protocol behave in a crisis?

The Bancor Protocol is a mechanism that sits on top of a financial market (like a Bitcoin/Ethereum market or a GOOGL/USD market) to guarantee liquidity.

Lets unpack that.

What does the Bancor Protocol mean for complementary currencies?

Eyal Herzog learned a hard lesson when his world-beating online video site was overtaken by Youtube. He learned that the internet, by lowering the barrier to entry, enables a 'long tail'. In other words if you want to own a sector, you shouldn't worry about the leaders in that sector, as much as supporting the 99% of others who want to be in that space. Eyal and his team understood that if the kind of democratisation that YouTube brought to video happened to money, then there need never be a scarcity of money again.

Global groupware requirements

In my corner of the internet, a lot of people and groups have been calling for a new kind of social network, not only me: [2013] [2014] [2016] [2017], Its not only an objection to Facebook, but they want community organising tools very different to Facebook.

Microservices architecture

This post follows on from Global groupware requirements, which describes the software a lot of people seem to be looking for. The distinction between a website with content and a web application is becoming sharper, and its clear that systems in the paradigm of content management (like Wordpress and Drupal) are not optimal for social organising.

Faircoin reaches parity with Euro


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