In the last couple of years we have seen the rise of local and regional currencies as complementary currency systems. But why do we still focus so much on local currencies in an increasingly interconnected world?
Don’t people think, trade and work increasingly in a cross-border manner? Why should currencies be bound by purely geographic limitations?
Aren't there any other (perhaps social) structures that could be far more suitable? And why can’t social networks such as Facebook, LinkedIn & Co be the perfect levers to bring these ideas into reality? After all, Facebook with its over 150 million global users represents a population greater than many large countries and is still in need for a business model.
How can decentralized financial systems be applied in practice?
In addition to previously blogged Ripplepay (“Social Currencies for You and Your Friends”), Geek Credits is another good example for a currency model in a social context:
Aren’t these any less worthwhile (thought) experiments compared to simply staying trapped in a regional/national context? We are looking forward to more examples.
Originally posted in German by Jochen Krisch, translated by Jason Soo.
yes, any and all community currencies, local, regional, global on an open money platform that provides users with a simple account interface to register an account and/or create a currency where one is needed.
not one or the other, geek vs local, but all and sundry as easy as egroups on yahoo, google, fb, ff, etc.
how many networks/communities do you now do businesses in? your local town, b2b, football, music - get accounts, manage them yourself online.
more here...Money 2.0 at Everyday Digital money http://openmoney.blogspot.com
http://lets.net
http://blogtalkradio.com/openmoney
Posted by: ernie yacub | 01/21/2009 at 09:46 PM