What are currencies?

In by Eric Harris-Braun

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 wrong with conventional money?

In by Eric Harris-Braun

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?

In by Eric Harris-Braun

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 …