“Representational Charge”, Amendment 1

Thanks to feedback from Bernard Lietaer, Marco Sachy and Gael van Weyenbergh and learning from Thomas Greco during his UK tour in November 2012, I would like to change the proposed structure of the “Representational Charge” dimension as follows (original article here).

The unit of account (as the only necessary and for some currencies sufficient porperty) is placed in the middle of the “representational charge” dimension with “means of exchange” going towards one end, and “store of value” going to the other.

new “Representational Charge” dimension:

some                       <—–            none      ——->                               full
<—————————————————————————————————>
Means of Exchange              Unit of Account                        Store of Value

Continue reading ““Representational Charge”, Amendment 1″

Currency typology: The Trusted Third Party

A reminder from the Natural History Museum in London:

“There are many ways of organise things. But while there are no correct and incorrect ways of classifying them, some are more useful than others. Would you sort these by age? Shape? Colour? Beauty? Value?”

 

Often complementary currencies seem to be treated like the contents of a kitchen cabinet and get categorized and presented along some common attributes, like: Continue reading “Currency typology: The Trusted Third Party”

Interview: IPS Local Money Sets Its Own Stamp

IPS

“But I am not sure that what some people today see as the global renaissance of complementary currencies should be attributed to the global crisis,” Bindewald says. “Other factors like lower transaction costs through technological advancements and a more networked … Read the rest