ALT currencies – eco, energy, ideal, local, next

1742 drawing of shells of the money cowry, Cypraea moneta

ALT currencies trust, finance 23-4-2022 Consensus Mechanisms in Traditional Finance and Decentralized Finance – Maroon Macro

In Issue #36 of Monetary Mechanics, I introduced the idea that blockchain-based finance (i.e. decentralized finance a.k.a. DeFi) is a fundamental improvement in the accounting of economic transactions that facilitates the expression of a whole series of novel financial functions. This expansion in financial functions will undoubtedly be commensurate with the historic explosions in the volume and variety of economic activity that are associated with the Renaissance, the Industrial Revolution, and the post-WWII economic boom.

In this issue of Monetary Mechanics, I am going to focus on the common problems that both traditional finance and decentralized finance try to solve, as well as the different methods that each financial system uses to try to solve these common problems, in order to further flesh out the aforementioned idea. On the surface, it seems that the two financial systems have their own unique concerns, challenges, and jargons. At heart, however, the two financial systems actually attempt to solve the same problem – establishing and maintaining trust in economic systems. …”… – The Perfect Currency website is dedicated to the creation of a currency standard which will provide both a stable base for commercial transactions and a monetary system which will fully illuminate the process of human and environmental real wealth creation.

New to monetary systems? Visit our 'Monetary Systems For Dummies' Page

Most people, no matter what their background, find the subject of monetary systems somewhat intimidating. Certainly there are huge complexities and nebulous concepts in this field of discussion EINE ÖKOLOGISCHE WÄHRUNG FÜR EINE FAIRE WIRTSCHAFT

Unsere Mission : Eine Währung zu schaffen, die stabil, global und unbestechlich ist. Unser Ziel ist die Schaffung eines innovativen glokalen Wirtschaftssystems von unten nach oben zugunsten eines alternativen und postkapitalistischen Modells, das den Weg für einen kollektiven Wandel hin zu einem Leben auf der Grundlage gemeinsamer Werte ebnet. FairCoin ist unser Tauschmittel. Sein Wert wird von der Gemeinschaft bestimmt und er wird nie abgewertet. Der laufende Neubewertungsprozess von FairCoin trägt dazu bei, den Wohlstand innerhalb der Gemeinschaft mit Hilfe der Währung zu verteilen. Zusammenarbeit, Ethik, Solidarität und Transparenz sind Schlüsselfaktoren, damit wir ein wirklich gerechtes System für alle schaffen können. Die Entwicklung und der Einsatz leistungsfähiger vernetzter digitaler Werkzeuge (global) und regionaler Netzwerke (lokal) sind entscheidend für unseren Erfolg. 2001 Terra is a programmable money for the internet that is easier to spend, and more attractive to hold. Available on all leading blockchains. The concept was proposed by Bernard A. Lietaer in 2001, based on a similar proposal from the 1930s. 2012 The promiscuous history of market efficiency: the development of early emissions trading systems by Richard Lane

To investigate the ‘promiscuous history’ of the efficiency of emissions trading markets, I draw from Actor Network Theory and specifically the work of Bruno Latour, highlighting how the commonly made claim to efficiency was constructed as a ‘fact’. I trace the processes, beginning in the early 1970s, that constructed first the inefficiency of command-and-control regulation through the distinction between the means and the ends of regulation, and the conversion of the specific 1970 Clean Air Act regulations into the archetypal form of command-and-control. Alongside this, the efficiency of emissions trading was constructed through the provision of empirical, modeling evidence and the re-construction of the Environmental Protection Agency’s early Emissions Trading System as an ‘ad hoc’ implementation of ‘pure’ economic theory. In this way specific regulatory forms were translated into a seemingly universal economic narrative, and emissions trading was stabilised as a regulatory technology applicable to multiple environmental pollutants. Keywords: emissions trading; CAA; environmental economics; Actor Network Theory Welche Probleme birgt unser Geldsystem? Geld ist eine der genialsten Erfindungen der Menschheit. Doch zugleich verursacht das heutige Geldsystem schwere Probleme – Das Geldsystem ist von Menschen gemacht. Es ist nicht alternativlos sondern kann reformiert werden. Wie – dazu gibt es viele Ideen What problems are hidden in our current monetary system? What solutions are proposed to make money serve us all?  New Money Hub is a think tank focusing on monetary theory and stable economic systems. Our research is supporting the development of sikoba, a decentralised money platform that is based on peer-to-peer IOUs and credit conversion.

“Using mutual credit systems that are not backed by money, but by IOUs of particpants who trust each other, the need for an external money supply is limited to a minimum. Every peer-to-peer credit relationship is governed by a contract with specific conditions, fee structure and repayment rules. Using credit conversion, payments between participants who do not trust each other become possible. The system will automatically take care of optimal payment paths, netting and clearing. We will support fiat money via gateways, cryptocurrencies as well as many use cases such as inter-company credit networks. Our goal is to provide a platform for operating any monetary system one can think of, together with the tools allowing all of these different systems to interact.”

Please visit the website for more details.

= We are developing the Credit Conversion Theory of Money, which is an extension of the Credit Theory of Money as originally proposed by Alfred Mitchell Innes.

= We wish to reposition Economics as a branch of moral philosophy. In our view the most important unresolved question of economics is that of stable economic systems and we are working on an approach which we tentatively call civilised economic systems.

= Finally, we have an interest in crypto-finance technology, especially as far as the development of systems that are both distributed and secure.