22/02/2011

Next Meeting

(post sticks at top till due)

The next Edinburgh local currency working group meeting will be on Tuesday 22nd February from 1900-2100 at the Edinburgh Uni Library Cafe.
(directions at About)

Agenda
Report back on Roland and Benny’s trip to the local economy day at the Findhorn Foundation
Report back from Eva and Adam from the meeting with the Council
Possibly play Emma’s local currency film
Try to agree date/venue for the event
Try to film up programme and speakers

Presentations from the Local Economy Day in Findhorn

Minutes from last meeting

Reimagining Money - RSF Social Finance

RSF believes that inquiry and dialogue are essential tools for transforming the way we work with money. We are committed to creating frequent opportunities for our community to engage in exploring the role of money and finance in our lives.

We have hosted events focused on exploring the personal and social dimensions of money and financial relationships. For many years, RSF led an informal network for these events called the Transforming Money Collaborative, which held a series of gatherings on Money & Spirit, Money, Race, and Class, Money & Intuition, and other related subjects.

Inquiry and Dialogue examples

Reimagine Money Blog

An online conversation about the nature of money.

21/02/2011

Towards a 21st Century Banking and Monetary System

Submission to the Independent Commission on Banking (39 Pages)

nef and Positive Money show why systematic reform of the banking and monetary system is urgently needed.

In collaboration with:
Centre for Banking, Finance and Sustainable Development
University of Southampton, School of Management
(Professor Richard A. Werner)

Short insight:
This submission outlines a proposal for full-reserve banking, where the transactional function of banking (the payments system) is separated from the lending function. This system would be stable than under the current business model, which is often labeled ‘fractional reserve banking’

HIGHLIGHT - Positive Money

Demanding a banking system that works for society and not against it!

This year the government will decide what to do to fix the banks. We have to make sure they make the right choice.

The Solution (30 second overview):
High-street banks have been creating up to £200bn of new money every year, causing massive inflation (especially in housing) and saddling the public with debt. We can't trust profit-seeking bankers or vote-seeking politicians to create money, as the temptation will always be for them to create too much. So instead we need an independent, transparent and accountable body that is responsible for creating money and keeping inflation low. We suggest that the Monetary Policy Committee should have this task.
Have a look at the very well developed website, loaded with tons of information including a complete proposal for a new national wide currency system. LINK

Alternative to public austere: One Good Cut

Cut Benefits to Bankers, Not Public Services

George Osborne says that we all must pay more taxes and receive fewer public services. According to the chancellor there is no Plan B for the UK economy - but he's utterly wrong.

We could make one simple spending cut that could make all others unnecessary.

Here's Plan B: cut the benefits to bankers!

SIGN THE PETITION

16/02/2011

Complementary Currency Magazine

This magazine exists to serve the whole community of innovators, implementers and users of complementary currencies. Contributions of stories and material support are invited.

The new issue Februar 2011 is just out and free to download.

Website of the CC Magazine with the last 12 issues full accessible.

More on - CC Open Source Software

 First one:
CommunityForge.net
Tools for localisation

Our hosted website makes building and managing your community easier, and it's...

* free
* simple to set up
* adaptable
* scalable
* customisable

Second one:
Open Source Currency
Example: austin time exchange network 

Powered by Insoshi
Insoshi is a social networking platform in Ruby on Rails. You can use Insoshi to make custom social networks; see the Insoshi demo site for an example. For support, join the Insoshi Google group.

14/02/2011

UK Crash Course - Chris Martenson

Values for a Great Transition

Stewart Wallis - nef's Executive Director
outlining the need for a radical transformation of the world economy, and the steps we can take to bring that transformation about.

Stewart based his argumentation on 5 PRINCIPALS and HOW to achieve these. Find the main idea of the principals in the linked doc and find the HOW here.There is a lot more to enjoy from his speech, so it is very worth watching the whole video.

The HOW!
Lets dream a bit...
Dreams are vital, because that is what we turn into reality later.

To pull together the brilliant idea work that many people are doing, to aggregate this ideas and to amplify them, put them across to tell the story in compelling and exciting way, that people make to say: YEAH I want to change.

We (us collectively) need to accompany that with campaigning, good research, lobbing, a space to grow the work of tellers, transition town movement, nef, partnerships...
What we got to do is bringing this together and tell a compelling tale with a new language. ...Simple and not misleading

acupuncture campaigning - focus on where acupuncture intervention could shift the system

Movement for change – transition everywhere
Business in transition (arts, education, universities, societies)

  • Business would not and can not change without either people buying differently or governments changing the roles of the game.
  • Governments would not change the roles of the game without people demanding they do.

Without serious people pressure we can write all the reports, bring the research and do all the lobbing but it would not bring change.

People ignoring the evidence that is in front of their eyes, they are still saying the sun is going around the earth... we know differently and we need a lot more people to know differently!
If not us...who, If not now.... when?


Stewart Wallis - New Economics Institute, Nov. 20, 2010 from Peter Montague on Vimeo.

13/02/2011

Complementary Currency Research Center

The central source of information around alternative currencies.


Of particular interest is the Academic Research Group, which is connected to the IJCCR (International Journal of Complementary Currency Research). On the website of IJCCR you find research papers published from 1997 till present, free to access.

One example: Cheimgauer Regiomoney: Theory and Practice of a Local Currency

12/02/2011

The Ripple Project - Open Souce Payment System/Concept

Ripple is a project to build a new kind of monetary system based on the trust present in our ordinary social and business relationships.

A peer-to-peer network protocol for making decentralized Ripple payments between users on different computers, a payment system where everyone is a banker.

Connect to your friends, family, and associates and your credit with them becomes a fully-functional currency



Software Implementations of the Ripple Concept

* Ripplepay - the original implementation
* Shire Hours - Ripplepay clone
* Rain Droplet - Open decentralized community credit service based on Ripple

Ripplexchange
Forum for exchange goods and services using Ripple!

Different (more sophisticated) software same concept:

Multiswap.net - Reinventing free trade
A free platform for circular barter exchange. See a flash demo!


Great further multimedia sources about the concept of Ripple.
Very extensive list of  ComparisonOfPaymentSystems

What is Money? - A quick intro to the ideas behind Ripple pay

Cyclon - Open Souce Currency Software

An interesting complementary currency software project free to use.
Cyclos offers an complete on-line banking system with additional modules as e-commerce and communiction tools. Cyclos is currently available in ten languages and used worldwide by organisations and communities. The Cyclos platform permits a de-centralization of banking services and can stimulate the consolidation of relations through community features and the focuss on local trade.
Extract from a article in the guardian:
Transition Town Brixton is working alongside Nef and the Social Trade Organisation to develop a digital platform that will work across the mobile phone network. Users will be able to send a text message to the bank with their account details, the amount and the shop's account number.
 For more info visit: www.cyclos.org

Local Currency Game - SocialTradeGame

A fun to play economic and management simulation game.
"In the Social Trade game you are the manager of one of STRO's transaction networks and your tasks include hiring staff, starting marketing campaigns and setting the height of bonuses."
socialtradegame

The game has been developed in cooperation with STRO (Social Trade Organisation)

I have played the whole game (18 month) in the name of Edinburgh Pound and end up at seventh in the high score list, with 5034 points.

Drop a comment If you beat me!


Brixton Pound Report - Guardian

The "Brixton Pound" has just celebrated its first year in circulation.

Analysis, electronic/digital trading platform , transaction costs, media coverage, democratise money

electronic local currency examples:
mpesa - Kenya
charrua - Uruguay

Link to the report

03/02/2011

The Nature of Money

Logical Structures and Algorithmic Behaviour in a Credit Economy (1995) - Ph.D Dissertation.

Chapter 1 - The Nature of Money
Chapter 2 - Theory of Credit
Chapter 3 - Monetary Economy

Access full paper

Following a few notes from an Empowerd Fundraising workshop LINK

Six functions of money:
  1. Money measures value
  2. Money is a means of exchange
  3. Money is a store of value
  4. Money is a way of rationing access to goods & services
  5. Money is used as a tool to make money
  6. Money is a way of getting power over others
Laws of the gift economy
  • Money is like water. It can be a conduit for commitment, a currency of love.
  • Money moving in the direction of our highest commitment, nourishes the world, ourselfs and our community.
  • What we appreciate appreciates.
  • When you make a difference with what you have, it expands.
  • Collaboration creates prosperity.
  • True abundance flows from enough, never from more.
  • Money carries our intention, if we use it with integrity, it carries integrity forward.
  • Know the flow, take responsibility for how your money moves in the world.
  • Let your soul inform your money, & your money express your soul.
  • Access your assets, not just money, but your charactar, capabilities, relationships & all non-money resources.