Global tools enhance local exchange through Community Currency in a Complementary Gift Economy

Association of Internet Researchers Milwaukee, Wisconsin October 2009 Global tools enhance local exchange through Community Currency in a Complementary “Gift” Economy Liezl Coetzee University of Stellenbosch South Africa

Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reciprocal gifting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],vs

“The High-Tech Gift Economy” ,[object Object],“ a kind of gift economy where people do things for one another out of a spirit of building something between them, rather than a spreadsheet-calculated quid pro quo. ” (Rheingold, 1991)

Limitations of the “High-Tech Gift Economy” ,[object Object],[object Object],[object Object]

Money 2:0 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ a community currency means that members of the group empower themselves to create their own “money,” which they agree to use in paying for purchases made among themselves. ” (Greco, 2001: 14) ,[object Object],[object Object],[object Object],[object Object]

Impact of ICTs on community currencies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ a radical change in the future of money, if [its] technical mechanisms are used to support the creation and maintenance of 'local currencies' – a medium of exchange that many communities around the world are beginning to experiment with.” (Rheingold,. 1997) “ Moneys are programmed” “ [w]e are proving more likely to treat our money as software, and to write our own… alternative, net-enabled, bottom-up money systems ” (Rushkoff, 2009)

Community Exchange System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Mutual trust and reciprocity in (online) Community Currency Networks ,[object Object],[object Object],[object Object]

Generalized Exchange ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Promoting reciprocity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CES Online features ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Group size ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Building community ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Online social networks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Offline links ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Bridging the digital divide ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Global tools enhance local exchange through Community Currency in a Complementary Gift Economy

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Global tools enhance local exchange through Community Currency in a Complementary Gift Economy