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Adventures in mutual credit

Thought experiment: Equicoin & Deserved dollars

The current wave of cryptocurrencies, starting with bitcoin, are designed, monetarily speaking, within a very limited paradigm. They generally have a fixed quantity, and a fixed rate of issuance determined at the start, they find their value on the free market based on pure supply and demand, they have no possibility of redemption and no backing of any sort. Participation is open to anyone who can install a wallet.

Cryptocurrencies and local currencies.

Thanks to Michael Contardi for this question
>I'm wondering about what your thoughts are about the evolution of mutual credit in light of the crypocurrency craze and whether there might be a way to bring together the advantages of both.

Investing in cryptocurrencies

2 weeks ago Bill Still, producer of 'Money Masters' and veteran of monetary reform, likened the cryptocurrencies to the myriad depression era scrip currencies, saying the situation with the US dollar is so bad that people are taking matters into their own hands, and that these tools are the best we have for now. I took this as my cue to diversify from Bitcoin and dived in.

Reinventing the wheel of community exchange networks

List of Free-to-use community exchange software.

New Zealand Tour

Huge gratitude to the timebanking movement in New Zealand which invited me and shunted me around the country introducing me to most of the active people in monetary reform and complementary currencies, and following in the footsteps of such legends as Tom Greco, Nicole Foss, and Margrit Kennedy. Highlights were as follows:

First they came...

First they came for the terrorists but I did not speak out because I wasn't a Muslim
Then they came for the paedophiles but I did not speak out because I have children
Then they came for the hacktivists but I did not speak out because I don't understand computers
Then they came for the protesters but I did not speak out because activists know what they are risking
Then they came for the hoodies and dopeheads but I did not speak out because what would the neighbours think?
Then they came for the debtors but I did not speak out because after all debts must be paid.

Architecture: Community Accounting 4 for Drupal 8

N.B. This is a work in progress

Intent/Audience

This document is for technicians aspiring to build their own mutual credit accounting ecosystem in Drupal, and for project managers who want to know what this package can do both out of the box, and when extended. It shows how multiple currencies, exchanges, transactions and wallets combined with workflows fit together into highly flexible, extensible structure which should be a pleasure to work with!

New intertrading protocol

After some excellent discussions at Den Hague in June, and lots of talk on a mailing list, 6 of us met in Berlin to hammer out this intertrading protocol [below].

This is based on what I published eighteen months ago, but with a few tweaks and a whole social side as well.

This protocol includes a sort of template for intertrading communities to decide how they work, and the API to implement.

Payback time!

Not often am I the richest person in the party, but in Berlin's bitcoin district last month, Meals at Room 77 were on me.

This photographic memento shows me logging in to blockchain.info where my wallet is hosted.

What is 'natural', in the economy?

I was struck by a sentence in a paper by Warren Coats,

Natural market behavior in the face of an excess supply of money held by the public is to spend more...

It asserts that there is a 'natural' behaviour and that economists can understand it. I think a very careful examination of nature is required especially in the light of the profession's poor track record on predictions.

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