142.177.78.216: ok replacing with neutral word since who can be bothered looking up the 34-word name that describes the B4IS rules

2004-08-07T07:46:15Z

ok replacing with neutral word since who can be bothered looking up the 34-word name that describes the B4IS rules

← Older revision		Revision as of 07:46, 7 August 2004
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	'''Community currency clearing''' is the grassroots equivalent of the [[w:Bank For International Settlements]] which clears transactions in national currency:		'''Community currency clearing''' is the grassroots equivalent of the [[w:Bank For International Settlements]] which clears transactions in national currency:

	That Bank sets up [[reserve requirement]]s so that no excessive amount of any national currency will be honoured as "[[hard currency]]" unless it meets some basic requirements to respect certain [[property right]]s, notably [[land ownership]], and [[corporate priveleges]]. Some countries, like [[China]], are outside the system and have "pegged" their currency to the [[US Dollar]] so they have the advantages of a hard currency without meeting ~~any B4IS rules~~.		That Bank sets up [[reserve requirement]]s so that no excessive amount of any national currency will be honoured as "[[hard currency]]" unless it meets some basic requirements to respect certain [[property right]]s, notably [[land ownership]], and [[corporate priveleges]]. Some countries, like [[China]], are outside the system and have "pegged" their currency to the [[US Dollar]] so they have the advantages of a hard currency without meeting the "requirements".

	In reality, the Bank is a formality and currency transactions route around it, they are created by handshakes and by transactions in finanicial brokerages, insurance companies, etc.. But ordinary citizens using [[community currency]] like [[LETS]] or even such [[incentive scheme]]s as "[[Air Miles]]" or "[[Green Stamps]]" are also doing monetary transactions: without any global [[clearing]] scheme that would let you earn in one and then spend in another.		In reality, the Bank is a formality and currency transactions route around it, they are created by handshakes and by transactions in finanicial brokerages, insurance companies, etc.. But ordinary citizens using [[community currency]] like [[LETS]] or even such [[incentive scheme]]s as "[[Air Miles]]" or "[[Green Stamps]]" are also doing monetary transactions: without any global [[clearing]] scheme that would let you earn in one and then spend in another.

142.177.94.38: draft, messy

2004-08-05T16:18:37Z

draft, messy

New page

'''Community currency clearing''' is the grassroots equivalent of the [[w:Bank For International Settlements]] which clears transactions in national currency:

That Bank sets up [[reserve requirement]]s so that no excessive amount of any national currency will be honoured as "[[hard currency]]" unless it meets some basic requirements to respect certain [[property right]]s, notably [[land ownership]], and [[corporate priveleges]]. Some countries, like [[China]], are outside the system and have "pegged" their currency to the [[US Dollar]] so they have the advantages of a hard currency without meeting any B4IS rules.

In reality, the Bank is a formality and currency transactions route around it, they are created by handshakes and by transactions in finanicial brokerages, insurance companies, etc.. But ordinary citizens using [[community currency]] like [[LETS]] or even such [[incentive scheme]]s as "[[Air Miles]]" or "[[Green Stamps]]" are also doing monetary transactions: without any global [[clearing]] scheme that would let you earn in one and then spend in another.

[[The Transitioner]] is a service concerned with the various issues in how to retain local/community character of [[grassroots exchange]]s including [[community currency]] and other [[complementary currency]] (this is now the standard term as these typically do not replace but augment national money). These might be relevant to [[Consumerium Services]] in any of the following ways:

*making a [[revert currency]] meaningful in ways beyond the [[Research Wiki]]
*integrating [[edits, votes and bets]] across many [[large public wiki]]s
*paying or receiving [[price premium]]s in some [[softer currency]] than the one in which the item is priced at [[point of purchase]], as an [[incentive]] to buy more [[green light]] products

Community currency clearing - Revision history

142.177.78.216: ok replacing with neutral word since who can be bothered looking up the 34-word name that describes the B4IS rules

142.177.94.38: draft, messy