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 …
What is wrong with conventional money?
Conventional money is scarce because it concentrates in the hands of a few and leaves everyone else short of this indispensable means of exchange. Entire communities — people, villages, cities, …
How do open currencies solve what’s wrong with money?
Open currencies allow for sufficient, non-scarcity based systems for tradable wealth : If the currency accumulates in one place (which commonly happens because of an intense economic activity), value doesn’t …
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?”. …