---------- Forwarded message ---------- From: Evgeni Pandurski <[email protected]> Date: Fri, Dec 2, 2011 at 8:28 PM Subject: [Ripple] Circular Multilateral Barter 1.6 Release Announcement To: [email protected] We are pleased to announce that the next stable release of our software for peer-to-peer barter exchange is now available. Changes: -- Added WAP 2.0 support. Now users can make and receive payments conveniently, from any Internet-connected cell phone. Nobody is punished for having a too old phone. -- Minor user interface improvements and fixes. The source code is available at: https://sourceforge.net/projects/cmb/ "Circular Multilateral Barter" (CMB) is free server-side software for managing peer-to-peer networks for circular barter exchange. CMB is aimed at supplying local enterprenours with a way to exchange goods within a p2p-network, without using money or any other currency, overcoming the "double coincidence of wants" problem, inherent to traditional barter. One thing that distinguishes CMB from other "credit commons" is that all debts in CMB are person-to-person debts. There is no central political/administrative unit to decide who deserves to be trusted and who does not. Because of this, CMB should be able to scale-up very well, so that local communities can be seamlessly aggregated into larger ones. CMB allows everybody to issue their own trade-backed currencies, which others can use to pay each other with. So, one way of thinking of it is as a "multi-LETS", plus there is a open market place for exchanging one currency for another (via circular trade). Here are some of the advantages that CMB offers compared to traditional approaches: * Traditional approaches (fiat money, barter dollars, LETS points) unfortunately blend social trust into a fragile system of collectivized credit. CMB makes it possible for individuals to use their own judgement in choosing whom they are willing to trust. That is: you supply products to customers who trust you, and you receive products from partners whom you trust. * CMB does not suffer the double coincidence of wants problem. The trader you deliver goods to and the trader you obtain what you need from do not need to be the same person, so there is much more flexibility for arranging trades. * CMB allows virtual money to circulate at infinite velocity so that no real money is actually needed. That is: trading is not limited by the global scarcity of money or any other commodity. * CMB uses money solely as a standard of value for a short period of time (typically a day). Thus CMB is insusceptible to changes in the value of money. Go to http://www.multiswap.net/ to see CMB working! -- You received this message because you are subscribed to the Google Groups "Ripple Project" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/rippleusers?hl=en.