Sorry, this is a reviewed repeat, Until my regular computer is repaired, I am using a temporary computer with small keyboard and scree. ----- Mensaje Original ----- El 08:03 AM 10/18/2011 Marc Gauvin escribio:
No doubt that many mutual credit systems are made up of BIBO currency transactions.
Our proposal formalises BIBO Currency into an explicit standard taking several normative aspects into consideration. Also, rather more than being a rstionale for alternative currencies, it is a specification that responds to the "Formal Stability Analysis of Common Lending Practices and Consequences of Chronic Currency Devaluation" satisfying the requirements (see corollaries at: http://bibocurrency.org/English/standard.htm) for a stable currency.
The utility is that otherwise independent implementations can interoperate without loss of autonomy at the local level and with no meta governance.
Finally, the purpose is also to demystify money in general and show how to prove that stability in money is trivial. The grand fallacy is that money is complicated because the economy and human nature are complicated, which is paramount to saying that units of measure as instruments, need to reflect the complexity of what they measure, which is absurd. Once demystified, stability and money understood, then it becomes obvious that with the correct technical specification, providing liquidity to all for any transaction and at any time in a stable and trustworthy manner is not only doable it is trivisl. See: http://bibocurrency.org/English/stable%20money.htm ).
What the world needs is a source of unlimited stable liquidity to support any commerce at and between any level without bias to any agent. This means money is no longer a source of systematic instability. Denying such is a crime against humanity.
Best,
Marc
----- Mensaje Original ----- El 08:26 AM 10/17/2011 Michel Bauwens escribio:
Marc
a question about BIBO ... fyi ..
On Mon, Oct 17, 2011 at 6:41 AM, Dante-Gabryell Monson < [email protected]> wrote:
hmm, at first glance, on http://www.bibocurrency.org/English/standard.htm
I do not understand how this differs from a mutual credit architecture... or is it the same as a mutual credit ? ( http://p2pfoundation.net/Mutual_Credit )
for which there are tools such as http://drupal.org/project/mutual_credit
On Sun, Oct 16, 2011 at 7:29 PM, Michel Bauwens <[email protected]>wrote:
---------- Forwarded message ---------- From: Marc Gauvin <[email protected]> Date: Wed, Sep 28, 2011 at 12:06 AM Subject: New bibo currency site To: Michel Bauwens <[email protected]>
Hi Michel,
Just letting you know that we have a new web at
www.bibocurrency.org.
Please take a look and all comments are welcome.
Best regards,
Marc
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Marc Gauvin