[P2P-F] Digital currencies

Sun Jul 14 09:29:40 CEST 2013

Dear Kevin,

of what you write below, do you mean 'complementary currencies'

i'm not aware of digital cryptocurrencies which are actually organized that
way ,

bitcoin, freicoin etc all create money through mining 'a priori' and those
that do not have it, have to 'buy' it from those who have,

Michel

Message: 3
Date: Sat, 13 Jul 2013 14:11:23 -0500
From: Kevin Carson <free.market.anticapitalist at gmail.com>
Subject: Re: [P2P-F] The (a)political economy of Bitcoin
To: P2P Foundation mailing list <p2p-foundation at lists.ourproject.org>
Message-ID:
        <CANETeEy8HnE0WHVCFDUn4Evf1H1fBKEmURntQ65UGYEfZ8L6HA at mail.gmail.com>
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By far the majority of digital currencies seem to be organized along
the lines of Thomas Greco's credit clearing networks -- that is,
they're not stores of value but rather simply denominators of the
value created by the exchange process itself. The idea is to
facilitate exchange between those who have no "money" in the sense of
stored value from past exchanges, so that even in a local economy with
"no money" in circulation, it's possible to exchange present against
future goods and services. Basically set up like a checking account
where you can run a limited negative balance.

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