# Created on May 15, 2017 4:16:00 PM
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Gmail Peter Burgess
Re: Fwd: [platformcoop-discuss] Change the World with Blockchain | Collaborative Web Ownership
2 messages
Frank Wennin Mon, May 15, 2017 at 3:02 PM
To: Micky Metts
Bcc: peterbnyc@gmail.com
Thanks Micky,
I am working diligently to turn our Lifeflowers into instruments of stored value.
I know you said you're too busy to help or look.
I welcome any suggestions of where to look and who to approach.
Will talk soon,
Frank
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On May 15, 2017 2:21 PM, 'Micky Metts' wrote:
This discussion seems relevant... not sure exactly how, but this line got me thinking:
Rather than a policy on creating money, we need policies on whose promises we believe!
Regards,
Micky ~ FreeScholar
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Agaric · http://agaric.com · 617 877 1658
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---------- Forwarded message ----------
From: Matthew Slater
Date: Sat, May 13, 2017 at 8:08 AM
Subject: Re: [platformcoop-discuss] Change the World with Blockchain | Collaborative Web Ownership
To: Steve Purkiss , Paul Krumm
Cc: platformcoop-discuss@lists.riseup.net, Joel Dietz
I'm not sure exactly which paper we are talking about which omitted a
discussion of credit creation, but Steve is right, all my work is about
creating money as credit between trusted parties.
Critical to grok that money is not a think and it is not 'created' like
products in a factory. Rather it is a web of obligations, it is the
difference between what you have and what you owe / is owed to you.
Rather than a policy on creating money, we need policies on whose
promises we believe!
Find out more about my work in local money systems
Twitter: @matslats
Personal web site[http://matslats.net/] including my blog, Adventures in
mutual credit[http://matslats.net/complementary_currencies]
Co-founder & CTO Community Forge[http://communityforge.net/]
Lead developer, Community Exchange
Systems[http://community-exchange.org/]
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On Fri, 12 May 2017, at 04:12 PM, Steve Purkiss wrote:
As I understand it it's mostly mutual currencies, and mostly because
we are in a knowledge economy as opposed to previously where the goods
and services were perhaps more physical based. The exchange / protocol
idea is each community has a value on their own currency which has an
index/value differential between others.
So, for example say I run a community of Drupal consultants and we
believe 10 units of our currency, perhaps named 'drupees' is worth 100
units of currency in a community of bricklayers then we can trade.
They in turn get 100 units of their currency to trade similarly with
other communities.
Money's just an idea, the reason I guess it used to be based on
something physical or the reason bitcoin etc. are limited by
computation things is because they are trying to align with existing
mass market currencies, whereas when you break it down to smaller
communities the trust level increases.
All interesting stuff!
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On 12 May 2017 at 14:51, Paul Krumm -------------------------------------------------
On 5/2/2017 11:34 AM, Steve Purkiss wrote:
Hi Paul, Joel, listies...
Sounds like you might be interested in Matthew / @matslats work, whom
I believe is on this list. He's all about mutual credit and credit
commons, and has a blog post about 'protocol cooperativism' as
'platform cooperativism' perhaps won't work well due to, if I've
understood it correctly, being too aligned with big business' model:
http://matslats.net/protocol-cooperativism-platform-cooperativism
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On 2 May 2017 at 16:36, Paul Krumm wrote:
Joel,
First, full disclosure. I am not a coder. I am a 77 year old Luddite, who
studied Sociology back in the 60's, and has continued an interest in social
structure, and how it is channeled by the structure of institutions. In this
context, I see great potential in blockchain, if it is used properly to
distribute power. My role here, if there is one, is to make this connection.
How money is created is an important case on how our institutions can
channel our values. In the present monetary regime, the banking industry has
a monopoly on creating money out of nothing. This structure requires both
scarcity and exponential growth, and continually moves money out of the
productive community into the hands of the leadership of the
banking/financial community. Not very consistent with democracy. In the
BitCoin system this has been replaced with a reversion to the rules of
commodity money, with money being created by miners who have access to
computer power.
There is a third alternative for money creation that can promote
democratically distributed power. That is the concept behind mutual money,
where money is seen as a trading medium in which money is a measure of
commitments to others in the market, and claims on the commitment of the
market. After all , what we the 99% use money for is to trade our time,
energy and creative ability for is the results of the time, energy and
creative ability of others.
With mutual money, each user, whether an individual or group, starts with a
zero balance in their account, and has limits on how positive or negative
their account can be, without the permission of their peer community. The
peer community can commit itself to larger projects and issues. This concept
is a perfect fit for a blockchain system. The basic foundation of money
creation moves to the community level, where individuals can relate to local
problems. Scale is attained by the connection and trade between communities
at larger and larger levels via nesting. If all communities use units of
exchange based on time, energy and creative ability, for convenience of
trade between themselves, the issues of arbitration between community
systems is obviated.
Such a system requires the inclusion of democratic decision making in its
structure. Two strands in this area are Sociocracy, and Participatory
Budgeting, where experience has been gained in how to structure true
democratic relationships and decision making. The creation of such a system
would be of great use in moving power to the individual and community, and
away from centralized power.
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On 5/1/2017 10:24 AM, Joel Dietz wrote:
Hello list,
I'm thinking of starting an initiative for technological projects dedicated
to a collaborative web, including principles of collaborative ownership and
govenrance.
I wasn't really sure if this fits into the platform coop movement since I
know there are fairly strict standards on what qualifies as a 'coop' by your
standards.
Also I think we are leaning more towards a consortium model with membership
organizations and less about individual members, which I think also doesn't
fit.
This is one initiative we already have underway that is getting formalized
this week:
http://www.changetheworldwithblockchain.com/
Anyways, putting this out there for comment.
Best,
Joel
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--
Steve Purkiss
https://purkiss.com
https://co-operative.club
https://drupaldynamics.com
https://www.drupal.org/user/41519
https://www.linkedin.com/in/stevepurkiss
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Frank Wennin Mon, May 15, 2017 at 3:14 PM
To: Micky Metts
Bcc: peterbnyc@gmail.com
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