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

Connecting Many Local Currencies

Connecting Many Local Currencies

HubHub

HubHub

HubHub

HubHub

Some History: 1985-1995Some History: 1985-1995

AOLAOL

CompuServeCompuServe

GEnieGEnie

ProdigyProdigy

e-maile-mailchat roomschat rooms““content”content”

InternetInternet

The Internet SolutionThe Internet Solution

datadata

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

open money: multiple currencies

open money: multiple currencies

open money: join currenciesopen money: join currencies

open money: account historyopen money: account history

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

open money: create currenciesopen money: create currencies

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