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
Webisteme This is my second post on defining a trust metric for Ripple, or in fact any peer-to-peer credit network which relies solely on trust. In my last post, I looked at a simple approach based on measuring the average ratio of credits and debts for a user. While this wasn’t a bad start to thinking about the problem of trust in general, it suffered from being too simple (I’ll explain why.) In this post, I want to explore a new approach suggested in a comment by Jordan Greenhall, based on measuring trust as a perspectival, probabilistic calculation rather than an inherent property of a node. First, let’s revisit the reasons why a trust metric is so critical for any peer-based credit network like Ripple to scale. Background Ripple is a system to create money out of credit relationships between peers, rather than between individuals and banking institutions, or the state. This sets the context for why Ripple needs a trust metric. Trust as Credit Ratio However, there are some serious limitations.
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
Displaying items by tag: Empty WISERBANKS make more $$ to invest more in social projects || WiserBanks TV : Live Editors' Picks Gurus, Opinions & Nuances Financial Crisis Hard Selling Scenes Landing Softly Facts & Issues Us You Top10 4U4Free Plan & Win Invest & Share Play & Learn Think & Decide Courses Pay Insure Play Retire Save Lend Trade || Services : Social Impact Bonds Mediation Financial Planning Performance Reviews Micro-Finance Listings Seed Capital More ... Progress bar WiserBanks is a co-creation project of financial insiders and outsiders (!!) ..(1) make people smarter by working together on product research, selection and supervision;... ..(2) by offering easy access to superior financial products of other global institutions; ... .., (3) establish a leading consumer badge (of Quality) for crowd-validated products; ...(4) raise confidence of financial consumers in their direct dealings with bankers;... ..(5) run an online bank in a non-traditional, but effective manner;... || Management : Leadership WebTech Marketing & Distribution Communications
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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