Open money a decentralized network currency platform BALLE Money For Local Living Economies BALLE...
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Transcript of Open money a decentralized network currency platform BALLE Money For Local Living Economies BALLE...
open moneya decentralized network currency
platform
open moneya decentralized network currency
platform
BALLE Money For Local Living Economies
BALLE Money For Local Living Economies
Currency FlowCurrency FlowValue FlowValue Flow
Currency DefinitionCurrency Definition
Information flow that activates value flowInformation flow that activates value flow
Currency FlowCurrency Flow
The Local Currency PropositionThe Local Currency Proposition
Localize credit creation to prevent unnecessary value outflowLocalize credit creation to prevent unnecessary value outflow
Value FlowValue Flow
Changing the pattern of information flow changes value flowChanging the pattern of information flow changes value flow
Connecting Local CurrenciesConnecting Local Currencies
Local currencies with an exchange hubLocal currencies with an exchange hub
HubHub
Some History: 1985-1995Some History: 1985-1995
AOLAOL
CompuServeCompuServe
GEnieGEnie
ProdigyProdigy
e-maile-mailchat roomschat rooms““content”content”
InternetInternet
Internet Design PhilosophyInternet Design Philosophy
““Push the Intelligence to the Edges”Push the Intelligence to the Edges”
This is a This is a second ordersecond orderstructural change.structural change.
Social Social LayerLayer
Abstraction of LayersAbstraction of Layers
chat room chat room (skype/IRC)(skype/IRC)
mailing list (yahoo-mailing list (yahoo-group)group)
Technical Layer: email/IRC serversTechnical Layer: email/IRC servers
open moneyopen money
open money is a networkopen money is a networkplatform for local currenciesplatform for local currencies
Vermont Vermont FarmersFarmers
Lake Champlain Water Lake Champlain Water DistrictDistrict
Burlington ShoppersBurlington Shoppers
Multiple CommunitiesMultiple Communities
open moneyopen money
Technical Layer: open money serversTechnical Layer: open money servers
Currency LayerCurrency Layer
Burlington ShoppersBurlington Shoppers
Vermont FarmersVermont Farmers
Lake Champlain Water DistrictLake Champlain Water District
Varieties of CurrenciesVarieties of Currencies
Type Unit Roles Rules
Time $ Hours User • no pricing
Mutual Credit US$ User • credit limits
Issuer Credit US$IssuerHolder
• Issuer can go negative • Holder positive only
? ? ? ?
Varieties of CurrenciesVarieties of Currencies
Type Unit Roles Rules
Time $ Hours User • no pricing
Mutual Credit US$ User • credit limits
Issuer Credit US$IssuerHolder
• Issuer can go negative • Holder positive only
Push the Intelligence to the EdgesPush the Intelligence to the Edges
Currency FlowCurrency FlowValue FlowValue Flow
Currency DefinitionCurrency Definition
Information flow that activates value flowInformation flow that activates value flow
What value flow do you want to activate?What value flow do you want to activate?
Design PhilosophyDesign Philosophy
SovereignSovereignIndividual Individual
SovereignSovereignCommunity Community
Geek Stuff!Geek Stuff!
Reed’s Law of Group-Forming Reed’s Law of Group-Forming Networks:Networks:
The value of a group-forming network grows by The value of a group-forming network grows by 22n n
where n is the number of memberswhere n is the number of members
Ashby’s Law of Requisite Variety:Ashby’s Law of Requisite Variety:The regulator must be able to handle as much The regulator must be able to handle as much variety as is found in the system it regulatesvariety as is found in the system it regulates