Abundance Journal/Abundance Vol II, Issue 1

Money

Money is a tool, a technology, nothing less, nothing more. Today, it is a very poorly designed and implemented technology. The Social Currency or "Open Source Currency" movement is slowly gathering steam as groups worldwide implement LETS and other local or complementary currency systems. This topic is enormous so the issue will feature summaries of the history of money as it has been implemented and an introduction to notable emerging alternatives.

Commments

In the open source abundance economy, 'Open Source Currency' is backed by the integrated production capacity of communities. When these communities document their productivity, they can then trade with other communities based on their reputation. This is part of a resource-based economy, where the focus shifts from funnymoney to substance beneath the means of accounting.