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Scoop.it!
Before passing away, Richard Douthwaite wrote this important article, linking money to the energy supply. 
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Herman Daly analyses how interest (money theory) is related to the function of capital (economic theory) and how both are embedded in a real physical world.
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Portrait of a Paradigm Shift: The New Emerging from The Shell of the Old, an essay by David Bollier on the realities, and possibilities, of system change
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Announcing the launch of a new grassroots initiative to explore and promote the notion of a Credit Commons and inter-operable currencies.
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From
rally
The Credit Commons is a crowdfunding and crowdsourcing campaign with one audacious and visionary goal: to rethink the system. Our current system was created over 100 years and needs to be modernized. It’s an an unstable and unsustainable system that came within hours of a complete meltdown in October 2008. Today we stand on the threshold of a new frontier in money systems. With the advance of digital technology, social networks and mobile payment solutions, new models of creating shared prosperity are emerging. Can we connect the dots between these trends and design a parallel, complementary system to allocate capital more efficiently and equitably? Instead of waiting for Washington to act, can we use our own capital and ingenuity to create the code of a more democratized "money as software" platform? Can we imagine “Social Banks” inspiring public trust with new motivations, new sharing mechanisms, new levels of stability coded right into the DNA of this new system?
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“A new economy is coming into play. No longer wielded as a weapon to legitimise austerity, this is an economy where the community and the environment, not the corporate shareholder, benefits.
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A political evaluation of Bitcoin by Michel Bauwens, director of the P2P Foundation
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A coalition headed by the French banking whistleblower Hervé Falciani is proposing a new decentralised ‘PayPal-like’ network: A prominent French whistleblower and Spanish anti-corruption activists who triggered an investigation of a former International Monetary Fund chief announced Thursday they are designing a digital payment system aimed at excluding middlemen companies that make money from online purchases.... Continue reading →
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I cannot see how money can become democratic unless its value is determined independently of the financial system
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How can commoners meet their needs without replicating (perhaps in only modestly less harmful ways) the structural problems of the dominant money system?
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One of the more complicated issues facing most commons is how to raise capital in the face of dominant systems of finance hostile to commoning.
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“Once your money is deposited in the bank, it legally becomes the property of the bank … If you bank with one of the country’s biggest banks, who collectively have trillions of dollars of derivatives they hold “off balance sheet” (meaning those debts aren’t recorded on banks’ GAAP balance sheets), those debt bets have a …
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the power currently used for Bitcoin mining is comparable to Ireland’s electricity consumption * Article: Bitcoin Mining and its Energy Footprint. By Karl J. O’Dwyer† and David Malone. ISSC 2014 / CIICT 2014, Limerick, June 26–27 From the Abstract: “Bitcoin is a digital cryptocurrency that has generated considerable public interest, including both booms in value …
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Paul Vigna explains how Bitcoin currency and the blockchain distributed ledger system are laying the groundwork for alternatives to today’s monetary system.
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The main object of the CES is to facilitate trade and exchange by providing a range of non-monetary exchange methods.
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My previous four posts centred on several projects associated with the Catalan Integral Cooperative (AureaSocial, MaCUS, CASX and SOM Pujarnol). In this one I would like to share with you my notes on one of the most active CIC committees, known as the CAC. The Central d’Abastiment Catalana (CAC), which means “Catalan Supply Center”, was... Continue reading →
jean lievens's insight:
BUILDING THE OPEN SOURCE CIRCULAR ECONOMY COMMONS TRANSITION COOPERATIVES DEFAULT ETHICAL ECONOMY FOOD AND AGRICULTURE OPEN COOPS & SUSTAINABLE LIVELIHOODS ORIGINAL CONTENT P2P BUSINESS MODELS P2P FOUNDATION P2P INFRASTRUCTURES P2P MONEY
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The Cooperativa d’Autofinançament Social en Xarxa (CASX) – which means co-operative of social and network self-financing – is a savings, donations and project funding cooperative, which was set up with the purpose of providing funding for projects that are aligned with the principles of the CIC and the integral revolution, as “the deposits made to... Continue reading →
jean lievens's insight:
COMMONS COMMONS TRANSITION COOPERATIVES CROWDFUNDING OPEN COOPS & SUSTAINABLE LIVELIHOODS ORIGINAL CONTENT P2P FOUNDATION P2P MONEY PEER PROPERTY
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"The state is like a household that should not spend more than it earns" This kind of ‘handbag economics’ draws its analogy from erroneous myths.
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The P2P Foundation is a big supporter of FairCoop and now accept donations in FairCoin the Cryptocurrency for the social economy.
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We now regard lending as principally a technocratic province of economics. The result is a financial system whose most serious risks fall to the vulnerable.
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"In a recent survey carried out by Kela, nearly 70% of respondents support the idea of a universal basic income"
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“I cannot see how money can become democratic unless its value is determined independently of the financial system just as standards of weights and measures are determined independently of those that use them as a common good.” An interesting argument by Shann Turnbull: (via email) “I cannot see how money can become democratic unless its …
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Guy Standing focuses here on the research and experiments which show basic income guarantees are working where they have been tried. The first 3.50 minutes are a dutch-language introduction to the speaker. Watch the video here:
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Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the …
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We can build a socio-economic community with a sovereign currency without abandoning the Euro
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