I was just privileged to spend some time with Arthur Brock and, to a lesser extent, with Eric Harris-Braun. (less time, not less privileged!).
After some years of failing to properly explain it, and many prototypes, they reckon to have nailed down the mechanical details of metacurrency, and are starting to build in ernest!
Art no longer spends his energy attempting to explain the mechanics and the benefits of metacurrency. Instead he simplifies it and uses it to solve business problems with software. Metacurrency doesn't need to be explained in full, it's will succeed because it's useful. It's working well enough to keep his software company, Geek Gene, prospering.
There is something to be learned from his example. Many of us in the CC movement spend a lot of time explaining the mechanisms of money and we are more or less successful in winning converts. But this is not at all what make currency projects succeed. Currencies succeed when they meet a need or solve a problem, and when using them is a no brainer. They do not succeed when they call upon the higher reasoning faculties of the users to prefer them over a prevailing national currency.
Furthermore - providing software to solve problems is an activity already valued by the conventional economy!
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