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Published byHoratio Lang Modified over 9 years ago
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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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Currency Flow Value Flow Currency Definition Information flow that activates value flow
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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
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Connecting Local Currencies Local currencies with an exchange hub Hub
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Connecting Many Local Currencies Hub Hub Hub Hub
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Some History: 1985-1995 AOL CompuServe GEnie Prodigy e-mail chat rooms “content” Internet
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The Internet Solution data
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Internet Design Philosophy “Push the Intelligence to the Edges” This is a second order structural change.
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Social Layer Abstraction of Layers chat room (skype/IRC) mailing list (yahoo-group) Technical Layer: email/IRC servers
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open money open money is a network platform for local currencies
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Vermont Farmers Lake Champlain Water District Burlington Shoppers Multiple Communities
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open money Technical Layer: open money servers Currency Layer Burlington Shoppers Vermont Farmers Lake Champlain Water District
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open money: multiple currencies
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open money: join currencies
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open money: account history
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Varieties of Currencies TypeUnitRolesRules Time $HoursUser no pricing Mutual CreditUS$User credit limits Issuer CreditUS$ Issuer Holder Issuer can go negative Holder positive only ????
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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
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open money: create currencies
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Currency Flow Value Flow Currency Definition Information flow that activates value flow What value flow do you want to activate?
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Design Philosophy Sovereign Individual Sovereign Community
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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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