Adventures in mutual credit

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 Rolling Jubilee campaign is raising money to buy up cheap debt and forgive it.

I wrote to them asking
1) Who will sell you debt for pennies on the dollar?
2) Who's debt will you buy?
3) Don't you think the price will go up if the campaign gets traction?
4) is there a way that we can buy the debt of people we care about?
5) By purchasing the debt, you legitimise it, and the whole system that created it.

Why not a campaign of solidarity and support for debtors and people who default?

In hope that this installation profile may be of use to others, I write here a description of the architecture of this profile. My hope is always to make discreet, reusable components that other developers can modify or build on. The architecture is deliberately simple because my first interest is module development more than site design. Also LETS groups are not very ambitious with technology.

In my capacity of voluntary open-source-money-=system engineer, I just returned from a month deep research in Valencia and Catalona, Spain, the country allegedly next in line after stricken Greece, for the proverbial chop.