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Domain: futureofmoneysummit.com
Stories and comments across the archive that link to futureofmoneysummit.com.
Comments · 8
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A proposal to specify alternate units of exchange.
This is a proposal to specify alternate units of exchange as part of the Java language and to use the class java.util.Currency as the unit of exchange, as one might expect to do. A complementary currency could be any unit of exchange you can think of, not necessarily an hour. Another unit of exchange would be, for example, the terra: A currency based on a basket of commodities. Yet another currency could be e-Gold or any of the local currencies circulated in the USA today: http://www.smallisbeautiful.org/cur_grps.html
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Open Source Currency
An alternative idea is to introduce a community currency: (this was presented in the Future of Money summit)
Open source needs a system for motivating participants to both stimulate activity initially and to keep people involved for the long term. complementary currencies need a community within which to operate, and an equitable system for exchange. Together they can dovetail nicely.
Just as complementary currencies are not intended to replace national currencies, open source projects are not intended to replace people's regular jobs. However, creating some form of remuneration for their time and effort can allow people who are not working on a "paid gig" to find a new home, making a meaningful contribution, with some nice side benefits.
The currency designed for open source projects would most likely be an hours-based currency monitored by the number of actual hours spent working in some trackable development environment. A separate open source exchange site would enable people to redeem the hours-based currency for good and services posted on the site.
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Re:A bazaar in cathedral clothing...
Well, it seems that the idea was not original: Open Source Currency. This was presented in the Future of Money conference.
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Free/OS Software and Complementary CurrenciesSome of the post here talk about money, where to find it, how it is created, etc. I cannot prevent myself to mention again the existence of complimentary currencies. For the curious reader, here is an interesting page that explains how a complementary currency would make sense for F/OSS development. If you really want to know more about money in general, how it was in the past, how it works today, and how it can be, then read the excellent book from Bernard Lietaer entitled "The Future of Money: Beyond Greed and Scarcity ".
Overall, Bernard Lietaer really convinced me that complementary currencies will provide valuable solutions to the ever pressing problems of jobless growth, monetary instability, aging population, and environment protection. The only problem: just like free and open source software is a challenge to the way software is currently owned and controlled, complementary currencies challenge the way money is owned and controlled. To me, CC are to finance what F/OSS is to the IT industry. Watch this space!
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The man who makes us pay ATM fees!!!!"Mr. McCarthy was also instrumental in stopping national efforts to eliminate ATM fees through political and judicial strategies..."
There is a face and name to this evil!!!!
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Is it me?Or is Vint Cerf in the link below looking more and more like Saruman the White?
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Re:Nobel prize winner?If you look at the web page http://www.futureofmoneysummit.com/speakers.php, it says that
In 1991, he became one of thirty living Laureates of the Business Hall of Fame.
The submitter must have read this too quickly, and presumed that Laureates refered to a Nobel prize.
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Thought Leaders? or Loss Leaders?
"In-depth conference where thought leaders will debate cutting edge changes and visionary thinking in the world of money"
- Future of Money Summit
It says "thought leaders"
