Time for a New Theory of Money by Ellen Brown By understanding that money is simply credit, we unleash it as a powerful tool for our communities. posted Oct 28, 2010 The reason our financial system has routinely gotten into trouble, with periodic waves of depression like the one we’re battling now, may be due to a flawed perception not just of the roles of banking and credit but of the nature of money itself. In our economic adolescence, we have regarded money as a “thing”—something independent of the relationship it facilitates. But today there is no gold or silver backing our money. Instead, it’s created by banks when they make loans (that includes Federal Reserve Notes or dollar bills, which are created by the Federal Reserve, a privately-owned banking corporation, and lent into the economy). Money as Relationship In the payment system of ancient Sumeria, prices of major commodities were fixed by the government. The concept of money-as-a-commodity can be traced back to the use of precious metal coins. The Credit Revolution
ecash In the United States, only one bank implemented ecash, the Mark Twain bank and the system was dissolved in 1997 after the bank was purchased by Mercantile Bank, a large issuer of credit cards. Similar to credit cards, the system was free to purchasers, while merchants paid a transaction fee. In Australia ecash was implemented by St.George Bank, but the transactions were not free to purchasers. In June 1998, ecash became available through Credit Suisse in Switzerland. "ecash" was a trademark of DigiCash, which went bankrupt in 1998, and was sold to eCash Technologies, which was acquired by InfoSpace in 2002, currently know as Blucora. Plaintiff sued alleging trademark infringement and unfair-competition claims. The court rejected defendant's argument in denying plaintiff's motion to dismiss defendant's counterclaim. See also References Jump up ^ Chaum, D., Fiat, A., and Naor, M. 1990. Literature Schneier, Bruce. External links
Matthew +You Search Images Maps Play YouTube News Gmail More Documents Calendar Translate Mobile Books Offers Wallet Shopping Blogger Reader Finance Photos Videos Even more » Account Options Sign in Help New Features <div class="lhcl_browserwarning">You are using a browser that is not fully supported. Explore Matthew's Gallery Share Download Prints <div class="gphoto-canonicalscaledimage gphoto-photocaption"> <img src=" alt="" width="644" height="483"> <p>oss strategy.jpg</p> <p></p> <p><a href=" photos</a> </p> </div> Sign in to like this photo. Views: 8885 Add a comment Sign in if you have a Picasa Web Albums account, or sign up for a free account. photos Belongs to Public photos Photo information Mar 25, 2010 644×483 pixels – 71KB Filename: Camera: n/a Model: n/a ISO: n/a Exposure: n/a Aperture: n/a Focal Length: n/a Flash Used: n/a Latitude: n/a Longitude: n/a full details page Tags
Category:Payment systems Articles about ways money can be moved between persons, organizations, and locations, as well as how financial transactions can be executed. Subcategories This category has the following 21 subcategories, out of 21 total. Pages in category "Payment systems" The following 200 pages are in this category, out of 296 total. (previous 200) (next 200)(previous 200) (next 200) AlertPay Fees/Pricing Structure for Indian Merchants | General AlertPay hasnow( on 14th May) merged with larger Payza. Read this AlertPay blog here. The result of this is that now AlertPay users will have larger payment options and currencies supported world-wide. Payza is among a few select international payment gateway companies allowing you to receive payments in Indian Rupees. Given Paypal's non-stop woes in India, Payza now is the simplest international payment gateway to receive credit card payments online & also in Indian Rupees. If you're a startup then start with Payza, opening account is free. Procedure to Open Account with Payza Visit Payza Click Signup Now button Select Country as India Select Personal Pro or Business ( Don't select the first choice!) Applying for your Ecommerce Website As soon as you login, in "My Account", in Message Center click the button "Start selling on your website!". This will take to a new page with this warning: Click "Add Website" & fill the questionnaire. Payza Fees Details for Indian Merchants Saliant Features
The Blog: Symbionomics Themes What follows is a synopsis of the major themes we are exploring with the Symbionomics project (see kickstarter link on the right). Obviously, this is just a starting point. We are open to these concepts growing and evolving as this process unfolds. With each theme, we are seeding an online video discussion (as linked to in the titles). Ultimately, we will have video forums for each theme. New Media: In the last twenty years, a wave of new tools has transformed the way we communicate. Bitcoin: de la révolution monétaire au Ponzi 2.0 Derrière l'idée révolutionnaire, libertarienne et anti-banques Bitcoin ne fait que reproduire un système injuste. Toucher aux règles monétaires n’a rien d’anecdotique. Lorsque nous dépensons, que nous travaillons, tous les jours, ce que nous faisons a un rapport avec la monnaie, sans même que nous y pensions. Que se passe-t-il alors lorsque des geeks créent une monnaie universelle, décentralisée, sécurisée, anonyme ? En apparence, une révolution. Qu’est-ce que bitcoin ? Bitcoin est une monnaie virtuelle créée en 2009 par Satoshi Nakamoto, un personnage mystérieux dont personne ne connait la véritable identité. Bitcoin est donc deux choses à la fois : il s’agit tout d’abord d’un outil très basique de gestion de portefeuille, un logiciel open-source que tout le monde peut télécharger et lancer depuis son ordinateur. Un système monétaire sécurisé, anonyme, et pourtant sans banque ni aucune autorité centrale. Comment ça marche ? Il suffit de cliquer sur un bouton pour participer au réseau
Flattr: A Social Micropayment Platform for Financing Free Works People have been talking about "micropayments" since the early days of the world-wide-web, so I'm always skeptical of micropayment systems. Flattr is an interesting variation on the idea though. It's a voluntary system, without the overhead or chilling effects associated with "pay walls" and it puts donors in control of how much they spend, allowing them to split their donations among beneficiaries based on a monthly "pie" model. The greatest asset of Flattr is its simplicity of use -- similar in many ways to the various social networking services that abound on the web today. Flattr may well succeed, and it may fill a niche of financing small projects from free software to online videos. I found out about Flattr a short while back, got an invite to beta-test the site, and have had a little time to play with the interface. The idea is pretty simple. Flattr functions very nearly like a social networking or social bookmarking site -- but with money So what do you get for your money?
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India - Online Payment Gatyeway in India. Credit cards, debit cards, netbanking payment options for merchants. Quatre alternatives au Bank Run de Cantona » Article » Ownipolitics, Bilan, débats et enjeux La COFIDES - Coopérative Financière pour le Développement de l’Economie Solidaire Nord Sud | COFIDES Nord Sud