In the conventional sense, when we say someone is “wealthy”, it implies this person has lot’s of money in his/her bank account. But wealth, in its essence, expresses something much …
What are currencies?
From its original root, the Latin word “currere” means to run or to flow. In this original sense, currencies are tools for seeing and changing flows. Therefore we are not …
What is the difference between “money” and “currency”?
Money, as we know it today, is a very specific form of currency. Money’s intended purpose is making exchange easy and universal within the community that uses it. It’s a …
We want to create a new currency for our community/organization… Which one should I choose?
There is already a mistake in the question. Asking “what is the currency I need?” is like asking “do I need a screwdriver or a hammer to build my house?”. …
What does “MetaCurrency” mean?
MetaCurrency is the name for the infrastructure and protocols necessary for an open source economy, and free currencies to flow in an interoperable and standardized way. This requires new technological …
Won’t open currencies cause inflation?
Inflation is a property of a single currency. It occurs as a response of the currency users, when the currency fails to accurately track the value that the currency is …
What do you mean by “open?”
We mean an even playing field for all participants. Our current economy is closed. Bankers and brokers manipulate trades, transactions and terms for their own benefit fairly invisibly. The average …
Why do we need an open source economy?
As long as there are monopolies granted for money-making powers, we cannot have a free market or even a true democracy. The people who control the money supply can and …