No doubt that many mutual credit systems are made up of BIBO currency tranaactions. Our proposal formslises BIBO Currency into an explicit standard taking several normative aspects into considerstion. 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 locsl 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 tranasaction and at any time in a stsble 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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