[P2P-F] An update on BIBO, financial stability standards, and the debt-virus hypothesis

Tue Feb 8 07:05:42 CET 2011

Many thanks Stephane,

I have created a overview page at
http://p2pfoundation.net/Open-Universal_Digital_Currency_Project

Dear Sepp, could you have a look, present this project and eventually put it
into context of other projects in this related space?

I think the innovative part here is that it is directly linked to the
mechanism of the universal dividend, and this is why it's particularly worth
supporting,

Michel

On Tue, Feb 8, 2011 at 12:45 PM, Stéphane Laborde <laborde_stephane at yahoo.fr
> wrote:

>  You can present Open-UDC with :
>
> General presentation : http://www.open-udc.org/en/start
>
> And Money Rules : http://www.open-udc.org/en/money_rules
>
> You can add that Open-UDC go with a a progressive goal following three
> steps :
>
> 1) Implementation with centralised server
> 2) Implementation with hierarchical organisation
> 3) Implementation with P2P System
>
> Money rules are a money system named Open-UDC. The technical system in
> charge of the money rules is independant of Open-UDC and named Open-UDS.
>
> Stéphane Laborde
> 9, rue Ganneron, 75018 PARIS
> Tel. 09 54 87 03 18
> Mobile : 06 64 42 25 99
>
>
> Le 08/02/2011 06:36, Michel Bauwens a écrit :
>
> Cher Stephane,
>
> If you have any non-technical text on this, I'd like to announce it on the
> p2p foundation blog,
>
> Un grand merci!
>
> Michel
>
> On Tue, Feb 8, 2011 at 12:34 PM, Michel Bauwens <michelsub2004 at gmail.com<michelsub2004 at gmail..com>
> > wrote:
>
>> didn't know that one! will definitely check out and add to
>> http://p2pfoundation.net/Category:Money,
>>
>> Michel
>>
>>
>> On Tue, Feb 8, 2011 at 12:29 PM, olivier auber <olivierauber2 at gmail.com>wrote:
>>
>>> Ok!
>>>
>>> J'oubliais, La Théorie Relative de la Monnaie (TRM) est la base du
>>> développement du
>>> Open-Universal Digital Currency project http://www.open-udc.org/en/start
>>>
>>> Et ça c'est en anglais, entre autres...
>>>
>>>
>>> Olivier
>>>
>>> 2011/2/8 Michel Bauwens <michelsub2004 at gmail.com>
>>>
>>>> thanks a lot Olivier, if you hear from the english translation at some
>>>> point, thanks for letting me know!
>>>>
>>>>
>>>> On Tue, Feb 8, 2011 at 12:19 PM, olivier auber <olivierauber2 at gmail.com
>>>> > wrote:
>>>>
>>>>> Bonjour matinal Michel,
>>>>>
>>>>> Sur ce sujet, j'attire ton attention sur un auteur français à l'origine
>>>>> d'une très intéressante "théorie relative de la monnaie" qui permet de
>>>>> calculer très exactement différentes choses, notamment l'expansion de la
>>>>> masse monétaire conduisant à une économie durable, ainsi que le montant du
>>>>> Dividende Universel qui serait le vecteur de cette expansion.
>>>>>
>>>>> Il s'appelle Stéphane Laborde.
>>>>>
>>>>> Le livre est ici :
>>>>> http://www.creationmonetaire.info/2010/11/theorie-relative-de-la-monnaie-10.html
>>>>> Le blog là : http://www.creationmonetaire.info/
>>>>>
>>>>> Malheureusement, tout cela n'existe qu'en français pour le moment.
>>>>> Un traduction en anglais est en cours, je crois.
>>>>>
>>>>> Amicalement
>>>>>
>>>>> Olivier
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> 2011/2/8 Michel Bauwens <michelsub2004 at gmail.com>
>>>>>
>>>>>>
>>>>>> Dear Sepp,
>>>>>>
>>>>>> because the discussion is largely technical, this is all I can do, but
>>>>>> perhaps you can add an extra comment?
>>>>>>
>>>>>> also, if you are in contact with Marc, please give him a chance to say
>>>>>> something about the evolution of the bibo project since december 2009,
>>>>>>
>>>>>> Michel
>>>>>>
>>>>>>
>>>>>>  <http://blog.p2pfoundation.net/?p=13869>
>>>>>> [image: photo of Michel Bauwens]
>>>>>> Michel Bauwens
>>>>>> 16th February 2011
>>>>>>
>>>>>> In December 2009, Sepp Hasslberger introduced to us Bibo, a proposed
>>>>>> standard for stable currencies, that would replace the current inherently
>>>>>> unstable banking money system.
>>>>>>
>>>>>> This article has become our most comment rich article, in particular
>>>>>> through a recurring debate between one of the Bibo co-authors Marc, and
>>>>>> Ardeshir Mehta.
>>>>>>
>>>>>> Ardeshir has written an article that challenges one of the main points
>>>>>> of monetary reformers, i.e. that the current system leads to the infinite
>>>>>> creation of debt through compound interest.
>>>>>>
>>>>>> You can find it here<http://homepage.mac.com/ardeshir/DebunkingTheDebt-VirusHypothesis.html>
>>>>>> .
>>>>>>
>>>>>> The context:
>>>>>>
>>>>>> *“Currently, most if not all money is loaned into existence by banks,
>>>>>> and is thus based on interest-bearing debt. There is no question that
>>>>>> neither interest nor debt-based money are good for society, and I have
>>>>>> written denouncing both debt and interest elsewhere. However, there is a
>>>>>> fairly common thesis, based on the fact that money is loaned into existence
>>>>>> as interest-bearing debt, that if new loans are not continually being issued
>>>>>> in ever-increasing amounts, enough money will not be created to pay the
>>>>>> interest on existing loans; and as a result, at least some those loans will
>>>>>> be defaulted upon, resulting in inevitable foreclosures. “*
>>>>>>
>>>>>>
>>>>>> --
>>>>>> P2P Foundation: http://p2pfoundation.net  -
>>>>>> http://blog.p2pfoundation.net
>>>>>>
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>>>>>> http://twitter.com/mbauwens; http://www.facebook..com/mbauwens<http://www.facebook.com/mbauwens>
>>>>>>
>>>>>> Commons Strategies Group, http://www.commonsstrategies.org/
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>  _______________________________________________
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>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> Olivier Auber
>>>>> 0675038880
>>>>>
>>>>
>>>>
>>>>
>>>> --
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>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>
>>>
>>>  --
>>> Olivier Auber
>>> 0675038880
>>>
>>
>>
>>
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>>
>>
>>
>>
>
>
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