The Bancor Protocol is a mechanism that sits on top of a financial market (like a Bitcoin/Ethereum market or a GOOGL/USD market) to guarantee liquidity.
Lets unpack that.
The Bancor Protocol is a mechanism that sits on top of a financial market (like a Bitcoin/Ethereum market or a GOOGL/USD market) to guarantee liquidity.
Lets unpack that.
Eyal Herzog learned a hard lesson when his world-beating online video site was overtaken by Youtube. He learned that the internet, by lowering the barrier to entry, enables a 'long tail'. In other words if you want to own a sector, you shouldn't worry about the leaders in that sector, as much as supporting the 99% of others who want to be in that space. Eyal and his team understood that if the kind of democratisation that YouTube brought to video happened to money, then there need never be a scarcity of money again.
This post follows on from Global groupware requirements, which describes the software a lot of people seem to be looking for. The distinction between a website with content and a web application is becoming sharper, and its clear that systems in the paradigm of content management (like Wordpress and Drupal) are not optimal for social organising.
Given my enthusiasm for the launch of the IMA, I regret not being able to conference with you in Glasgow. Its a field I've dedicated my life to for almost a decade.
The new Credit Commons Collective (CCC) is looking for 4 volunteers to work for a minimum of 3 days a week for a minimum of 2 months each. The CCC is a non-profit federation of organisations that host over 300 local currencies worldwide. This Federation currently works entirely with volunteers, serving over 20,000 users. But now we want to scale up massively...
As a complementary currency engineer, I come across basic income ideas of social justice all the time, but I don't see them as my territory. It is a way of sharing wealth which we collectively own or create. Ideally it would be enough money to reduce or eliminate the imperative on people to sell their labour, say, a few hundred Euros per month.