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Nurturing the Emergence of a Thrivable Future
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How to Start a Community Currency

How to Start a Community Currency | The Next Edge | Scoop.it

By altering the flow of resources, community currencies take power away from multinationals and put it in the hands of more accountable local entities. While community currencies can't be too similar to or compete with national money, most countries allow it and some, like Venezuela and the E.U., support their development. Mediating underemployment and poverty are often prime motivators, or specific purposes like small-business incubation, caregiving for seniors, community gardens, or providing healthcare for the uninsured, according to CNN.


Via David Hodgson
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Polyeconomy - diverse types of coexisting economic systems

Polyeconomy - diverse types of coexisting economic systems | The Next Edge | Scoop.it

• currencies - They include mainstream currencies like dollar, euro, pound etc. As well as growing number of alternatives like bitcoin, ripple, LETS and more. They have in common creation of virtual artifact and attempting to use it for measuring people perceptions of values.


• barter - In barter people exchange directly without using any virtual artifacts like currencies. In most cases by just looking what each party has to offer and than simple exchanging it.


• timeshare - In timesharing communities people use a natural measurement - time. People consider everyone’s time having same value and don’t make up hourly rates as it often happens in currency based systems.


• shared benefit - Shared benefit systems make an assumption that if we decide to support something with our contributions. We care about outcome of such collective effort. By participating in them we have possibility of choosing how we want to direct certain share of such beneficial outcome. Collectives practicing it can use many various ways of assigning shares of created benefit to individual contributions.


• social karma - Various systems incorporating elements of trust and reputations related to concept of social karma In what we could consider its pure form, for our contributions we only ask for public confirmation of them. This way over time we build up a portfolio which we can later present to others. It can play very well in situations where we support causes which we find beneficial for everyone in general. Also when we want to share something scarce, like a round trip to the moon, we can take advantage of social karma in process of choosing to who we want to offer them.


• free sharing - This system requires no accounting at all. All transactions happen because we want to share and care about each other. As more and more goods we can make abundant it becomes much simpler to freely share them.


Via Christophe CESETTI
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Ferananda's comment, September 14, 2012 9:18 PM
Oh yes...polyeconomy in all levels of wealth. I love the beginning of the website. Can`t wait for more!
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Future Money: Breakdown or Breakthrough?

Future Money: Breakdown or Breakthrough? | The Next Edge | Scoop.it

James Robertson has been described as the ‘grandfather of green economics’; he might equally be called the father of Renegade Economics: over the last three decades nobody has been more eloquent or straightforward in their advocacy of a new economic order.

 

Robertson's main focus has been the money system. Many years ago he identified the means by which money is created as the principal culprit in our failure to create a more just and sustainable society. In his new book, Future Money: Breakdown or Breakthrough? he summarises the problems with current monetary arrangements and offers an alternative which could set civilization on a much happier, healthier and long-lived course.


Via David Hodgson, Elle D'Coda
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About ‘Money and Sustainability’ | Money and Sustainability

About ‘Money and Sustainability’ | Money and Sustainability | The Next Edge | Scoop.it

We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need any such thing! In fact, the present system is outdated, brittle and unfit for purpose (witness the eurozone crisis). Like any other monoculture, it’s profitable at first but ultimately a recipe for economic and environmental disaster. The alternative is a monetary ‘ecosystem’, with complementary currencies alongside the conventional one.

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ON LOVE and OTHER CURRENCIES

ON LOVE and OTHER CURRENCIES | The Next Edge | Scoop.it

Many of us exist in a state of barely contained disgust and disappointment with many of the dominant systems and practices of financial and governmental institutions. We differentiate ourselves wholeheartedly from these systems as a matter of fact -- we coexist, often uncomfortably. We recognize that within these systems, standard currency is disproportionately lionized -- and that this is understood by most as "true," regardless of the illusory nature of any a priori "value" associated with the paper, coin, or plastic by which each currency is circulated.

 

As a result of this division, and in keeping with our desire to exist/persist within a different system/to reject the status quo/normative models and operations, we reject this notion of value (and by extension, its hard medium) instinctively, as an energetic refusal of the falsehood it so often promotes and represents.

 

However. In rejecting money and "the system," we legitimize/make real the dominance/existence of a "system" external to our selves and our native abilities/values -- as though were were not, by our very presence here, an essential, dynamic, and (a)evolutionary part of any system on this planet.

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Alternative currencies, monetary systems

Alternative currencies, monetary systems | The Next Edge | Scoop.it
Compare Bitcoin vs Flattr vs Ithaca Hours vs LETS vs Metacurrency vs Open Bank Project vs Payswarm vs Ripple vs Sol vs Time/bank vs Ven (Hub Culture) vs WingCash vs WIR Bank...

 

shared by Mark Frazier @openworld

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The Deepest Importance of Currencies

The Deepest Importance of Currencies | The Next Edge | Scoop.it

"Until we learn to rewrite the DNA of these social organisms, we truly can’t solve any of the big problems. And currencies are the key to doing this. They are the formal encoding of currents at the social level. And it is currents/flows that make a living system alive. This is true whether it is a biological organism or social organism."

 

Arthur Brock @artbrock

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Rachel Botsman: The currency of the new economy is trust | Video on TED.com

TED Talks There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills.
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Alternative Currencies Grow in Popularity

Alternative Currencies Grow in Popularity | The Next Edge | Scoop.it
Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender.

 


Via jean lievens, P2P Foundation
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Peer-to-peer production and the coming of the commons

Peer-to-peer production and the coming of the commons | The Next Edge | Scoop.it

Our proposal is that the users of the commons should be commons-friendly enterprise structures and not profit-maximising companies. These ethical companies, whose members are the commoners/contributors themselves, would be organised as global open design companies. These would be linked to networks of small factories that produce on the basis of shared values and could more easily adopt open-book management, open recruiting and open supply lines, ensuring transparency to the whole network, in order to create maximum mutual alignment between participants. This is simply an extension of the existing organisational practices of ‘immaterial commons production’, which combines full transparency of all actions with negotiated coordination. (...)

 

It requires distributed access to physical places for collaboration – co-working centres – as well as the widespread possibility for peer learning. Distributed access to financial capital is a further condition, notably crowd-funding, social lending and distributed, decentralised currencies such as cryptography-based digital money Bitcoin. The spread of these peer to peer forms of funding has already attracted the attention of the Bank of England executive director, Andrew Haldane, who has suggested that peer to peer finance models could sweep away the inefficient retail banks before too long.

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Emerging EcoNomics

Emerging EcoNomics | The Next Edge | Scoop.it

If you enjoy the 'Emerging new economy' article this one is a must as it goes beyond our current monetary system by offering wider perspectives about what we are witnessing emerge. 

 

ECONOMICS THAT PUTS MONEY IN ITS PLACE

Finally, there are major theoretical breakthroughs that support all of these approaches and "de-monetize" both economic activity and our very ideas of what constitutes "value" and "wealth". In addition to theories of "the commons", equity, and slow-growth noted in Alperovitz's essay, we see the following ideas also emerging:


Via Ferananda
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Occupy Economy: The case for soft money

Occupy Economy: The case for soft money | The Next Edge | Scoop.it

Money is a tool to facilitate exchange.

 

Money follows, like everything else here on this physical plane, the principles of yin and yang. There is "hard" (yang) money and there is "soft" (yin) money. At this time, the world is dominated by yang money. My purpose with this article is to convince you that we need to find a better balance in matters of exchange and economics.

 

by Sepp Hasslberger

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future of money project

future of money project | The Next Edge | Scoop.it
What are young adults thinking about money and value?
How can we create new systems of wealth generation and abundance?
What does the future hold for banks and other financial institutions in the...

Via Abel Revoredo, Ferananda
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Ferananda's comment, December 27, 2011 5:59 PM
Acá la liga con subtitulos en español http://www.universalsubtitles.org/en/videos/qe1mdjC1NPXc/info/
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New Economy, New Wealth

We are entering a post-industrial age with a very different economy and needs for a different view of wealth. What does this mean for us?
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