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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?
