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D E S I G N I N G A LT E R N AT I V E
C U R R E N C Y S Y S T E M S :
H O W, F O R W H AT P U R P O S E A N D H O W T O S ...
– C H A R L E S D I C K E N S
“Annual income twenty pounds,
annual expenditure nineteen pounds six,
result: happiness.
Ann...
W H AT I S M O N E Y ?
H O W D O E S M O N E Y G E T C R E AT E D ?
Bank Customer
“I’d like to borrow
10000, please”
“no problem”
A C C O U N T I N G : N O T H I N G H A P P E N E D
Bank Customer
-10 000
+10 000
0
N O T T H E W H O L E S T O RY…
Bank Customer
-10 000
+10 000
0
Loan
Interest
+1 000
Fees
+1 000Where does this
come from?...
N O T T H E W H O L E S T O RY…
Bank Customer
-10 000
+10 000
0
Loan
Interest
+1 000
Fees
+1 000Where does this
come from?...
T H E I N T E R E S T PAY M E N T S D R I V E T H E
S Y S T E M I C N E E D F O R G R O W T H
0
5500
11000
16500
22000
loa...
R O U N D TA B L E
E X A M P L E S O F A LT E R N A T I V E C U R R E N C Y S Y S T E M S
M AT H I E U B U F F E N O I R
S...
THE PURPOSE OF THE
BALANCED MONETARY
SYSTEM (BMS)
• PREVENTING FRAUD

by using formal double accounting
protocol and trans...
T H E R U L E S O F T H E B A L A N C E D
M O N E TA RY S Y S T E M
Desired Effect Rule
Personal account measures the impo...
T H E P U R P O S E
O F B I T C O I N
• First a definition of the technology:
• Bitcoin is a peer to peer network
that mai...
T H E R U L E S O F B I T C O I N
Desired Effect Rule
Scarcity      21 000 000 Bitcoin Units
Divisibilty   Each Bitcoin Co...
T H E P U R P O S E
O F S O L A R C O I N
• Based on the same
technology as Bitcoin, it
serves the same goals as a
currenc...
T H E R U L E S O F S O L A R C O I N
Desired Effect Rule
As a currency it uses the same rules as bitcoins
+
Creation of t...
P U R P O S E O F M Y
D R O P I N T H E
O C E A N S
• Greater balance between
our economy and nature
• Empower people to v...
R U L E S O F D I O
Desired Effect Rule
Balancing Economy With Nature Global Complimentary Currency To
National Currencies...
THE PURPOSE OF A
LOCAL CURRENCY
● Revitalize the regional
economy
● Create social links
● Ecological Impacts
● Allow citiz...
THE RULES OF A LOCAL CURRENCY
Desired Effect Rule
Development of activities
characterized by specific values
Ethics guidel...
THE RULES OF A LOCAL CURRENCY
Desired Effect Rule
Acceleration of the velocity of money
circulation
Stamp Scrip
Citizen so...
W H O H A S U S E D A N
A LT E R N AT I V E C U R R E N C Y ?
– M I LT O N F R I E D M A N
“The short answer—and the right answer—is that
private persons accept these pieces of paper
b...
Y O U R T U R N
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
panglosslabs.org/currency
W H AT P U R P O S E D O Y O U WA N T ?
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
G E T I N T O G R O U P S
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
Y O U R T U R N
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
R E M A I N I N G T I M E :
Y O U R T U R N : R E S U LT S
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
T H A N K Y O U
D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
M AT H I E U B U F F E N O I R
S W I ...
Designing Alternative Currency Systems: Lift conference 2015 workshop:
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Designing Alternative Currency Systems: Lift conference 2015 workshop:

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Presentation accompanying a workshop on designing alternative currency systems held on Feb 6th at LIFT15

Published in: Economy & Finance
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Designing Alternative Currency Systems: Lift conference 2015 workshop:

  1. 1. D E S I G N I N G A LT E R N AT I V E C U R R E N C Y S Y S T E M S : H O W, F O R W H AT P U R P O S E A N D H O W T O S E T T H E R U L E S ? PA U L B R I S T O W, PA N G L O S S L A B S
  2. 2. – C H A R L E S D I C K E N S “Annual income twenty pounds, annual expenditure nineteen pounds six, result: happiness. Annual income twenty pounds, annual expenditure twenty pounds six, result: misery”
  3. 3. W H AT I S M O N E Y ?
  4. 4. H O W D O E S M O N E Y G E T C R E AT E D ? Bank Customer “I’d like to borrow 10000, please” “no problem”
  5. 5. A C C O U N T I N G : N O T H I N G H A P P E N E D Bank Customer -10 000 +10 000 0
  6. 6. N O T T H E W H O L E S T O RY… Bank Customer -10 000 +10 000 0 Loan Interest +1 000 Fees +1 000Where does this come from? +12 000 +10 000
  7. 7. N O T T H E W H O L E S T O RY… Bank Customer -10 000 +10 000 0 Loan Interest +1 000 Fees +1 000Where does this come from? +12 000 +10 000 It’s money, so it must have been created by another loan in the system
  8. 8. T H E I N T E R E S T PAY M E N T S D R I V E T H E S Y S T E M I C N E E D F O R G R O W T H 0 5500 11000 16500 22000 loan repayment loan repayment loan
  9. 9. R O U N D TA B L E E X A M P L E S O F A LT E R N A T I V E C U R R E N C Y S Y S T E M S M AT H I E U B U F F E N O I R S W I S S B I T C O I N A S S O C I AT I O N A M I N K H O S R AV I M Y D R O P I N T H E O C E A N S . O R G A N T O N I N C A L D E R O N M O N N A I E L O C A L E D E G R A N D G E N E V E B E R N A R D D U G A S B A L A N C E D M O N E TA RY S Y S T E M Image: CC-BY-SA 2.0 Janos Korom
  10. 10. THE PURPOSE OF THE BALANCED MONETARY SYSTEM (BMS) • PREVENTING FRAUD
 by using formal double accounting protocol and transparency • RESPECTING
 PHYSICAL LAWS OF MEASUREMENT SYSTEMS by using clear scales • ENSURING FREEDOM AND RESPONSABILITY:
 everyone making own personal central bank
  11. 11. T H E R U L E S O F T H E B A L A N C E D M O N E TA RY S Y S T E M Desired Effect Rule Personal account measures the import/ export unbalance with traceability Each human can make a personal recording account with measurment referential parameters (origin, sign, scale) that can be checked by others There is only ONE class of HUMANS : thus there is equality of initial economical power. Import unbalance is automatically limited and each HUMAN has the same right to “import unbalance” The scale of a transfer price is formally adjusted to the scales of accounts according to laws of physical measurement The amount for “import unbalance right” is the measurement scale for price value negociation (poverty level) System stability obtained through automatic return to balanced state The Rate of Return to Equilibrium defines the speed for automatically decreasing the unbalance current amount Financing other's projects The initial amount of “import unbalance right” is reserved for financing other's projects
  12. 12. T H E P U R P O S E O F B I T C O I N • First a definition of the technology: • Bitcoin is a peer to peer network that maintains a public decentralized ledger of digital assets. This ledger is called a blockchain. • Digitally prove ownership ("I am the only one able to transfer this token"). • The first and easiest application of this technology is to create a currency. The unit is called for now bitcoin.
  13. 13. T H E R U L E S O F B I T C O I N Desired Effect Rule Scarcity      21 000 000 Bitcoin Units Divisibilty   Each Bitcoin Cointains 100 000 000 Satoshis (Total  Of 2.1 Quadrillons) Malleability Easy To Recombine Fractions Of Bitcoins Durability   Purely Digital, Millions Of Copy Of The Ledgers Exists Portability   Sent Over The Internet, Transactions Only Take Minutes Privacy       Users Pseudonymously Identified By Their Public Address Fungibility   Very Difficult To Differentiate One Bitcoin From Another
  14. 14. T H E P U R P O S E O F S O L A R C O I N • Based on the same technology as Bitcoin, it serves the same goals as a currency with an added one: • Electricity used by the computers supporting the network must be produced by a renewable source of energy.
  15. 15. T H E R U L E S O F S O L A R C O I N Desired Effect Rule As a currency it uses the same rules as bitcoins + Creation of the coins and distributions of the processing fees is done with the help of a Foundation that ensure that the source of energy used are renewable.
  16. 16. P U R P O S E O F M Y D R O P I N T H E O C E A N S • Greater balance between our economy and nature • Empower people to value nature
  17. 17. R U L E S O F D I O Desired Effect Rule Balancing Economy With Nature Global Complimentary Currency To National Currencies Association Of Human Activity With Environmental Costs Creation & Circulation Of DIO Linked To Environmental Costs Incentivising Positive Actions Towards The Environment Rewarding People & Businesses For Environmental Behaviour With DIO. Incremental Rewards Linked To Status Shared Responsibility For Nature’s Stewardship. Wealth Equality. Citizens Dividend Linked To Nature DIO Stability Cannot Be Speculated Or Traded With Other Currencies. Pegged To Stable Metrics.
  18. 18. THE PURPOSE OF A LOCAL CURRENCY ● Revitalize the regional economy ● Create social links ● Ecological Impacts ● Allow citizens to think about money creation
  19. 19. THE RULES OF A LOCAL CURRENCY Desired Effect Rule Development of activities characterized by specific values Ethics guidelines Focus the circulation between certain economic actors Stakeholders: Businesses / Individuals / Authorities 1) Allow everyone to enter the system, Money multiplier through guarantee fund 2) Money issued simultaneously with transactions, Mutualization of the credits/debts Principles of creation: 1) Pledged currency 2) Credit clearing system 3) Interplay of both Incitement to join the network, Reassure members Convertibility: One way / Back and forth / Incentive exchange
  20. 20. THE RULES OF A LOCAL CURRENCY Desired Effect Rule Acceleration of the velocity of money circulation Stamp Scrip Citizen sovereignty over currency Governance: Sortition / Representativeness / Proportionality Balance between symbolic role of material money and its practicality Format: Paper / Electronic
  21. 21. W H O H A S U S E D A N A LT E R N AT I V E C U R R E N C Y ?
  22. 22. – M I LT O N F R I E D M A N “The short answer—and the right answer—is that private persons accept these pieces of paper because they are confident that others will. The pieces of green paper have value because everybody thinks they have value. Everybody thinks they have value because in everybody's experience they have had value...” W H Y D O W E B E L I E V E I N M O N E Y ? Isn’t that the definition of a Brand?
  23. 23. Y O U R T U R N D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S panglosslabs.org/currency
  24. 24. W H AT P U R P O S E D O Y O U WA N T ? D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
  25. 25. G E T I N T O G R O U P S D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
  26. 26. Y O U R T U R N D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S R E M A I N I N G T I M E :
  27. 27. Y O U R T U R N : R E S U LT S D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S
  28. 28. T H A N K Y O U D E S I G N I N G A LT E R N A T I V E C U R R E N C Y S Y S T E M S M AT H I E U B U F F E N O I R S W I S S B I T C O I N A S S O C I AT I O N A M I N K H O S R AV I M Y D R O P I N T H E O C E A N S . O R G A N T O N I N C A L D E R O N M O N N A I E L O C A L E D E G R A N D G E N E V E B E R N A R D D U G A S B A L A N C E D M O N E TA RY S Y S T E M Image: CC-BY-SA 2.0 Janos Korom PA U L B R I S T O W PA N G L O S S L A B S

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