Adventures in mutual credit

Amalurra, Basque for 'mother earth', was formed from a meditation group with life-coach Irene Goikolea over 20 years ago. Wanting to take their practice further, they bought an old seminary and oriented their lives around making it beautiful and offering hospitality. Fast forward to now, and there are several gleaming buildings, including a hotel, hostel, spa, cafe, restaurant, many spaces for meetings and workshops, a sweat-lodge next to a stream and extensive gardens.

Perched on one of the foothills of the Pyrenees, in the Basque region, Lakabe was a tiny deserted village of 7 houses re-inhabited 34 years ago by a handful idealists fleeing the city life. There was no road, and no rooves on the houses, very little money for redevelopment, and certainly no tenure. Now there are 50 people, a bakery, a sustainable pine forest, and the village is 'official' although the property can neither be bought by the residents nor sold by the local government.

Money is so much more than a means of settling debt or a measure of your claim on the productive wealth of the rest of the world.

If we are to design alternatives to money we need to understand not only the classical functions but the secondary effects and meanings which are not always recognised. I just jot some of the following sentiments which might be expressed when I give money to someone.

Stephan Tual, CCO of Ethereum project, penned this helpful article outlining some of the possibilities of the new technology. I recommend you read it.