<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Evgeni Pandurski</b> <span dir="ltr"><<a href="mailto:epandurski@gmail.com">epandurski@gmail.com</a>></span><br>
Date: Fri, Dec 2, 2011 at 8:28 PM<br>Subject: [Ripple] Circular Multilateral Barter 1.6 Release Announcement<br>To: <a href="mailto:rippleusers@googlegroups.com">rippleusers@googlegroups.com</a><br><br><br>We are pleased to announce that the next stable release of our software<br>
for peer-to-peer barter exchange is now available.<br>
<br>
Changes:<br>
<br>
-- Added WAP 2.0 support.<br>
<br>
� Now users can make and receive payments conveniently, from any<br>
� Internet-connected cell phone. �Nobody is punished for having<br>
� a too old phone.<br>
<br>
-- Minor user interface improvements and fixes.<br>
<br>
<br>
The source code is available at:<br>
<a href="https://sourceforge.net/projects/cmb/" target="_blank">https://sourceforge.net/projects/cmb/</a><br>
<br>
<br>
"Circular Multilateral Barter" (CMB) is free server-side software for<br>
managing peer-to-peer networks for circular barter exchange.<br>
<br>
CMB is aimed at supplying local enterprenours with a way to exchange<br>
goods within a p2p-network, without using money or any other currency,<br>
overcoming the "double coincidence of wants" problem, inherent to<br>
traditional barter.<br>
<br>
One thing that distinguishes CMB from other "credit commons" is that all<br>
debts in CMB are person-to-person debts. There is no central<br>
political/administrative unit to decide who deserves to be trusted and<br>
who does not. Because of this, CMB should be able to scale-up very well,<br>
so that local communities can be seamlessly aggregated into larger ones.<br>
<br>
CMB allows everybody to issue their own trade-backed currencies, which<br>
others can use to pay each other with. So, one way of thinking of it is<br>
as a "multi-LETS", plus there is a open market place for exchanging one<br>
currency for another (via circular trade).<br>
<br>
<br>
Here are some of the advantages that CMB offers compared to traditional<br>
approaches:<br>
<br>
* Traditional approaches (fiat money, barter dollars, LETS points)<br>
unfortunately blend social trust into a fragile system of collectivized<br>
credit. CMB makes it possible for individuals to use their own judgement<br>
in choosing whom they are willing to trust. That is: you supply products<br>
to customers who trust you, and you receive products from partners whom<br>
you trust.<br>
<br>
* CMB does not suffer the double coincidence of wants problem. The<br>
trader you deliver goods to and the trader you obtain what you need from<br>
do not need to be the same person, so there is much more flexibility for<br>
arranging trades.<br>
<br>
* CMB allows virtual money to circulate at infinite velocity so that no<br>
real money is actually needed. That is: trading is not limited by the<br>
global scarcity of money or any other commodity.<br>
<br>
* CMB uses money solely as a standard of value for a short period of<br>
time (typically a day). Thus CMB is insusceptible to changes in the<br>
value of money.<br>
<br>
Go to <a href="http://www.multiswap.net/" target="_blank">http://www.multiswap.net/</a> to see CMB working!<br>
<span class="HOEnZb"><font color="#888888"><br>
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