You are here

Adventures in mutual credit

My last post was read with alarm by some fans of Community Forge, but they shouldn't worry I wouldn't close one door without opening another! While many projects enter and exit the community currency field, the major players move very slowly - since I started meddling in 2004, only a few mild achievements seem worth mentioning. the actors know each other better, in part because we are using the internet better and in part because of a biannual academic conference, and I think those actors have collectively learned a fair bit, though almost nothing of that learning crossed...
Readers less interested in the story of Community Forge may wish to skip the text in grey. In 2008 grassroots social organisations were (and still are) behind the curve both in uptake and in appreciating the importance of open source. Most local community currency groups were unaware of the software options available and still using paper although migration to online packages was underway. Community Exchange Systems was the largest yet spread only by word-of-mouth, unknown in much of Europe. Most of Scotland was using a sophisticated MS Access package Fourth Corner Exchange was a...
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.

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer