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Time banking

Time banking
Time banking is a pattern of reciprocal service exchange that uses units of time as currency. It is an example of a complementary monetary system. A time bank, also known as a service exchange, is a community that practices time banking. The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a time dollar in the USA and a time credit in the UK. Time banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly—work usually done on a volunteer basis—which a pure market system devalues. Origins and philosophy[edit] According to Edgar S. As a philosophy, time banking also known as Time Trade[11] is founded upon five principles, known as Time Banking's Core Values:[12] Everyone is an assetSome work is beyond a monetary priceReciprocity in helpingSocial networks are necessaryA respect for all human beings The time dollar[edit] Dr.

Related:  Sharing/Open source

Peer-to-peer lending Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools. Overview[edit] The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit.[1] Borrowers assessed as having a higher risk of default are assigned higher rates.

Time-based currency In economics, a time-based currency is an alternative currency where the unit of exchange is the person-hour. Some time-based currencies value everyone’s contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they are credited with one hour, which they can redeem for an hour of service from another volunteer. The Best Last-Minute Gift: Your Time At a time when Americans in particular are questioning what has gone wrong in our society, what has happened to our communities, where our humanity has gone, the notion of timebanking feels comforting and old-timey. It has taken many forms since its inception more than 25 years ago, but the gist of it is this: You deposit a certain number of hours doing whatever it is you can offer to do (childcare, design, home repairs, gardening, tutoring, you name it), and in exchange you get to benefit from hours of someone else's time. Granted, in our grandparents' day, these sorts of exchanges may not have needed a bank.

Category:Science Science needs to learn to accommodate this qualitative realm, and learn to understand it - not quantitatively, but qualitatively. This requires new methods and ways of thinking for science -- not outside of a (limited) science, but within an expanded one. - Michael Mehaffy This section should cover both scientific concepts about P2P (network theory and such), but also the use of P2P practices within the field of science. Ported so far are three first columns of the Encyclopedia and the Resources section. How Boomers Can Take Advantage of Time Banking The saying “time is money” just got a whole new meaning. Time banking allows patrons to trade their skills for services they need, and the relatively-new concept is becoming increasingly popular among retirees. Here’s how it works: For each hour of service banked, members earn an hour’s worth of alternative currency known as “time dollars”, which can be traded for services from other patrons. Time dollars have no monetary value, and every hour of service equates to one hour banked-- regardless of the service’s market value. According to AARP, nearly 270 time exchanges exist nationwide with memberships ranging from a few dozen to several thousand patrons. Stephanie Schapiro, a contributor to AARP’s magazine

Peer-to-peer A peer-to-peer (P2P) network in which interconnected nodes ("peers") share resources amongst each other without the use of a centralized administrative system Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or work loads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes. An Introduction to Time-Banking In this guest post, Loretta B. describes a unique way to build social capital and to save money. Two weeks ago my boyfriend and I enjoyed a rare night out on the town. We dressed up in our best clothes, had dinner at a special restaurant, and headed off to the symphony. This was my first time at a symphony, and we had a fantastic time. Our tickets were worth $75 a piece. Make no mistake, I am very frugal.

Peer Governance If peer to peer is the relational dynamic at play in distributed networks, and peer production the process whereby common use value is produced, then peer governance refers to the way peer production is managed. See also the related concept of Panarchy Vasilis Kostakis: "Peer governance is a new mode of governance and bottom-up mode of participative decision-making that is being experimented in peer projects, such as Wikipedia and FLOSS (Bauwens, 2005a, and 2005b).

Has the Time Come for Time Banks? Joe Petrucci | Thursday, August 05, 2010 Laundry and pet-sitting were not in the job description when Laura Gutierrez joined the Lehigh Valley Health Network as head of its innovative Community Exchange program three years ago. Gutierrez, though, has selflessly performed those tasks whenever the need arose. While it might be difficult to grasp why the non-profit veteran's time would be well-spent on such everyday tasks, it is easy to see the impact. About the Conference Integral City 2.0: An Online Conference September 4 – 27, 2012 -- Live Event Presentations September 28 – Ongoing -- Resources, Action-Research, and Dialogue We hold a radically optimistic vision for our collective future... And we know that creating the global solutions so many hope for will require the perspectives, expertise, and passion of many people. That’s why we’re gathering leaders and city-zens from the world over, to dream, build, and make real the future of our cities — Integral City 2.0 .

Top 10 Open Source Web-Based Project Management Software This is an user contributed article. Project management software is not just for managing software based project. It can be used for variety of other tasks too. Open Source - Irian We strongly support the open-source movement. As an active member of the community we have joined a wide range of OS projects and support the developers of these projects in many ways. Your advantage from this position is our know-how in usage and development of open-source technology.