| Thanks for the links jstarrs and blueboy|
|6 Nov 2005 @ 15:14, by Chris Hagglund|
Some good stuff in those links in the comments of the previous post.
I am familiar with the LETS concept and I think its a great way for these local economic activities to be facilitated. But for my system design I wanted a pure mutual credit with no central issuing authority. The idea would be like the Mediated Three-Party Transactions in blueboy's transaction.net link. Essentially the idea has three parties for every transaction, the offeror, the acceptor (assuming they do in fact accept it) and the STR (Shared Transaction Repository) which verifies the other party identities, ensures the validity of the offer record, and keeps a public record of the transaction.
This is my idea (well not really mine - i unknowingly fished it out of the noosphere with the help of people like Bernard Lietaer and Todd Boyle) of a means of accounting for stuff without reference to national fiat currencies. Such a system can just be used by people who want to use it, regardless of the health (or existence) of national currencies. It can be used to build cross linked trust networks which scale to an infinite level, so eventually people wont need to put their faith in governments (and their bankmasters) for their livlihoods and can instead put that trust in themselves. All that is needed to sustain this system is at the very minimum one powered computer with the software installed. A network of powered computers (like the internet is) would just makes the system more robust.
I've fallen into a bit of a doomsday crowd as of late (probably from hanging around on TheOilDrum.com for a while haha), focussed mainly on two big problems: the infinite growth required by central-bank-interest-bearing-notes capitalism, and the peak in oil production that we seem to be witnessing now. Thinking about these scenarios and what could happen in a situation of society collapse have been major motivators in developing a new money system. I have serious doubts that any new money system will take hold on a large scale until, at the least, national currencies like the USD start to implode. Because for the great many, existing national currencies are simply "good enough".
18 Nov 2005 @ 18:58 by : Dear Gamblor,
There might be another route that our Society at large will choose as National Monetary System, which would be the VERY GENUINE AMERICAN GREENBACK-Dollar. There has been two Presidents who re-introduced the genuine Greenbacks after they had been taken away from the American People ( [link] )Both Presidents were murdered, within six months after they had re-introduced the Government printed Dollars; the ones with no DEBT / USURY -attached to them. That's right; those were the two Presidents! : )
Other entries in Articles
18 Nov 2005 @ 23:18: CitiFinancial failed to intimidate
6 Nov 2005 @ 21:02: Upgrades to FunMoney system
23 Oct 2005 @ 15:04: New forms of money