San Francisco Complementary Currency Working Group Message Board › Some overarching principles to consider

Some overarching principles to consider

Chong Kee T.
user 9754996
Group Organizer
San Francisco, CA
Post #: 6
Fundamental principles
• Sustainability
Exponential expansion comes from consumers buying more and more stuff. Reduce consumption from wasteful junk fuelling exponential growth to necessities that sustain life and relationships.
Demurrage on holdings above a certain size. No interest on loans.
• Relationship building
The primary goal is to build relationships, and mutual help, not maximize utility or profits. So, trading system encourages relationship formation, not getting the best price.
Tiered system: first visible to inner circle, than to larger trading group. Inner circle is gift economy. Limit inner circle to 10 – 100 people.
• Reciprocity
All members put in as much as they take out from the economy. No negative balances unless certain criteria are met. This is to make free riding impossible or very difficult
• Security
All issuance by newer members are collateralized. E.g., with fiat currency deposit. This is to ensure responsible issuance, and graceful unwinding
Members with good selling record can issue up to average of last 3 months' sale without any collateral. This is to reward responsible behavior with free credits.
Exchange platform is bound by the same issuance rules as everyone else.
• Locally controlled, Globally useful
Members from different cities cannot trade with each other except through a different mechanism to be worked out. E.g., a mechanism for each city to aggregate unmet needs, and trade on a city to city basis through city level clearing
• Create value for all
Design the membership ecosystem to ensure large number of highly desired/needed offerings and no pooling of currency.
• Create a viable marketplace for businesses, individual producers and consumers.
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