tag:blogger.com,1999:blog-8737138830085975606.post4865818742352263301..comments2022-12-08T02:33:27.794-08:00Comments on New Currency Frontiers: Open Letter to the folks at River HOURSAlan Rosenblithhttp://www.blogger.com/profile/12508818912677197006noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8737138830085975606.post-5403061195803176962009-06-29T14:22:07.903-07:002009-06-29T14:22:07.903-07:00"The VAST overwhelming majority of currency s..."The VAST overwhelming majority of currency systems quickly fail."<br /><br />Jct: A database of time-based IOUs does not fail, trading may, but the accounts do not. They'll be rolled into the UNILETS database the day time-trading goes world-wide. <br />There is an ideal system. Time-based since everyone has time to trade like almost no one has gold. <br />Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. <br />U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. <br />See my banking systems engineering analysis at http://youtube.com/kingofthepaupersKing of the Paupershttps://www.blogger.com/profile/14374913605730692218noreply@blogger.comtag:blogger.com,1999:blog-8737138830085975606.post-64109833403213077542009-06-29T01:37:40.633-07:002009-06-29T01:37:40.633-07:00Thanks for starting this discussion Alan. You mak...Thanks for starting this discussion Alan. You make lots of very good points about the need for diversity.<br /><br />I see currency diversity as equivalent to bio-diversity, which ecologists tell us is essential for eco-system health.<br /><br />I have tried to approach this by taking a step back from all of the existing models and asking what a currency design language might look like that makes no prior assumptions about any particular approach being 'better' or 'worse'. <br /><br />There is just a set of design choices from a number of features that determine what the system is focussed on achieving, how it is likely to perform and what other kinds of actions might be necessary if you make a particular choice. For instance, neither the local fiat model of Ithaca HOURS/Berkshares/Totnes Pound OR the mutual credit model is *perfect*. Both require particular kinds of brokering or management to get them to work optimally.<br /><br />Currency design involves posing a series of key questions at the earliest stages of development to make sure you think through all the potential issues. And that currency design process itself needs to be embedded in an ongoing community development process of engaging those who may use the currency, finding out their problems, needs and goals and designing the currency to suit those.<br /><br />I have developed some simple processes to get new groups going on these issues here:<br />http://valueforpeople.co.uk/files/V4PFirstStepsPDF.pdf<br /><br />The Community Currency Design Manual I have written goes into much greater detail with checklists and detailed discussions of the key issues.<br /><br />Anyhow, good luck with your efforts of awareness raising and getting people to see the bigger picture.John Rogershttps://www.blogger.com/profile/08315532591977834232noreply@blogger.comtag:blogger.com,1999:blog-8737138830085975606.post-22810176837539788032009-06-28T17:56:34.520-07:002009-06-28T17:56:34.520-07:00+1 Alan+1 AlanGuillaume Lebleuhttps://www.blogger.com/profile/00332805912772885050noreply@blogger.com