Guillaume Lebleu worked for 8 years in the banking system and he really understands how credit creation works, and why the system is like it is. Most of my economics education comes from things like 'The Money Masters' and 'Money as Debt', which paints an alarming picture of a corrupt system ravaging the earth and indenturing its people using debt instruments. Guillaume understands why the currency system is the best of all possible worlds so far, although it has its faults.
He has some clear ideas about how money needs to develop, and he's putting some of them into practice with Bernal Bucks
- Currencies and taxes need to be more decentralised. The ease with which money sloshes around favours the largest organisations.
- There should be a clear distinction between hard and soft currencies so as not to confuse the public or the government. The main difference between them is the presence of a contract. Soft currencies should avoid comparison with hard ones by deploying metaphors or game-rules.
- Currency projects have been very bad at selling themselves. Instead of promoting your fantastic new scoreboard, he says, you should be promoting the game!
- A user's overall balance in the system doesn't matter very much. Instead when user A looks at user B's profile, the balance showing should be the sum of exchanges with all of user A's acquiantances.
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