The Credit Commons is my design for a financial exchange based on the principles of mutual credit, and autonomous communities voluntarily and trustfully collaborating. As such it differs from the more common exchange architectures in fundamental ways.
Over the years I've come across a few proposals that any person or entity should able to issue their own currency, and I've always struggled about what that would mean and how it would work. This is relevant for recursive currency systems like the Credit Commons in which theoretically any member could create a currency as part of a larger monetary ecosystem. Recently I've been thinking these through and I think the benefits are outweighed by the drawbacks.
