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Adventures in mutual credit

This week I was honoured to be part of the Money...
Five of us met at Ynternet headquarters near Lausanne, Switzerland on 4th and 5th to discuss development of the credit commons idea. I reported many positive experiences this year as he talked about the white paper with different people. I also reaffirmed that I didn’t know what leadership meant, but did understand the role of ‘holding the vision’. We agreed that in practice and for this kind of project, leadership is distributed. We caught on the gossip about some exchange projects, most notably the forthcoming 'Leman' currency in Geneva. Then for the rest of the day we discussed the...
As part of a sustainable leadership course i've been given at IFLAS, I'm required to thing about my theory of change. A theory of change is a specific methodological approach to social activism, involving mapping out how you think the world works and how your actions are intended to improve it. Here are some of the ideas that recur to me, in conversations, reading and thinking about how change happens. The Swarm will prevail We just have to reach a Tipping point / Imaginal cells in the chrysalis / 5% is critical mass Capitalism will eat itself / collapse institutions must be changed from...
Dear Community Forge, When the support team 'sent' me to Montreal, they left me free to decide what to accomplish there! So I stated my intention to discover other networks of communities who are trading and exchanging with each other. Not necessarily because we have free software for them, but because we want the freedom to exchange with them. This year I co-authored with Tim Jenkin from Community Exchange Systems a paper describing the credit commons which is a protocol to enable exchange-relationships regardless of the software used, and with which we might make a global trading network...
Lucas Huber suggests that the Interledger Protocol would be a suitable technology for implementing the credit commons. This post is a space to explore that more fully. Credit commons was originally conceived as a ledger between the all the ledgers on all the separate platforms of the complementary currency movement, and the actual function of the interledger protocol is the same, to ensure that one transaction in one ledger is equivalent to another transaction in another ledger, thus that money/credit are not created/lost by mismatches in ledgers. However when we regard money as credit...
For a long time I have marvelled at the elegance of the Ripple protocol, which allows members of a network to extend trust to one another and for payments, or at least virtual payments, to ripple through the resulting mesh along pathways it finds. Ripple was originally designed as a sort of abstraction of mutual credit. Instead of people forming groups, each account extends a line of trust to several other accounts to form a mesh. Each account is then in its own virtual group. This takes away the mutuality, and effectively puts each user in their own circle. In Ripple, mutual credit...
I sat down with Athens' newest Timebank, Vrilissia, and Luke Flegg to talk about cooperation in Austerity-riddled Greece. Download conversation Your browser does not support the audio element.
This was published at: https://www.community-exchange.org/docs/smalladsrfi.html This request for information is seeking partners and friends to work on an open directory of ads to support grass roots economies. The requirements are almost exactly the same as my 2011 RFI, but now with the added weight of CES.
Greetings Alumni of the Money and Society MOOC, Jem and I decided to keep in touch with you with this new Biannual newsletter. It includes some headlines I found interesting, and other tidbits about what Jem and I are doing. Our news The MOOC will continue as long we get new people, and we think the best promoters are the people who have done it. Please have a think about which of your friends, colleagues and social networks should know about the MOOC, and send them to this link. https://iflas.blogspot.co.id/2014/12/money-and-society-mooc.html Thanks! Last month I published a white...
Students of economics are taught that money has three main functions, a unit of account, a store of value and a medium of exchange. On closer examination we find that these three sit uneasily together. For example, a store of value should increase in value over time, while a medium of exchange works best when the value is decreasing. All the while the unit of account should stay the same value! In history we find many examples of these function being performed by separate instruments. For example the medieval bankers Ecu de Marc was purely a unit of account. Precious metals, land, shares...

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