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Open money a decentralized network currency platform BALLE Money For Local Living Economies BALLE Money For Local Living Economies.

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Presentation on theme: "Open money a decentralized network currency platform BALLE Money For Local Living Economies BALLE Money For Local Living Economies."— Presentation transcript:

1 open money a decentralized network currency platform BALLE Money For Local Living Economies BALLE Money For Local Living Economies

2 Currency Flow Value Flow Currency Definition Information flow that activates value flow

3 Currency Flow The Local Currency Proposition Localize credit creation to prevent unnecessary value outflow Value Flow Changing the pattern of information flow changes value flow

4 Connecting Local Currencies Local currencies with an exchange hub Hub

5 Connecting Many Local Currencies Hub Hub Hub Hub

6 Some History: AOL CompuServe GEnie Prodigy chat rooms “content” Internet

7 The Internet Solution data

8 Internet Design Philosophy “Push the Intelligence to the Edges” This is a second order structural change.

9 Social Layer Abstraction of Layers chat room (skype/IRC) mailing list (yahoo-group) Technical Layer: /IRC servers

10 open money open money is a network platform for local currencies

11 Vermont Farmers Lake Champlain Water District Burlington Shoppers Multiple Communities

12 open money Technical Layer: open money servers Currency Layer Burlington Shoppers Vermont Farmers Lake Champlain Water District

13 open money: multiple currencies

14 open money: join currencies

15 open money: account history

16 Varieties of Currencies TypeUnitRolesRules Time $HoursUser no pricing Mutual CreditUS$User credit limits Issuer CreditUS$ Issuer Holder Issuer can go negative Holder positive only ????

17 Varieties of Currencies TypeUnitRolesRules Time $HoursUser no pricing Mutual CreditUS$User credit limits Issuer CreditUS$ Issuer Holder Issuer can go negative Holder positive only Push the Intelligence to the Edges

18 open money: create currencies

19 Currency Flow Value Flow Currency Definition Information flow that activates value flow What value flow do you want to activate?

20 Design Philosophy Sovereign Individual Sovereign Community

21 Geek Stuff! Reed’s Law of Group-Forming Networks: The value of a group-forming network grows by 2 n where n is the number of members Ashby’s Law of Requisite Variety: The regulator must be able to handle as much variety as is found in the system it regulates


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