An alternative currency (or private currency) is any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). They are created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. When used in combination with or when designed to work in combination with national or multinational fiat currencies they can be referred to as complementary currency. Barters are another type of alternative currency. Often there are issues related to paying tax. List of alternative currencies Advantages Alternative currencies are reported to work as a counterbalance for the local economy. Disadvantages
Related: Alternative Currency
Créer des monnaies par millionsEt si on essayait ? Les crédits mutuels, systèmes d'échange local, SOL (abréviation de solidaire), devises régionales, ou encore bons de réduction se multiplient (2/6). LE MONDE | • Mis à jour le | Par Hervé Kempf Ne dites pas à Roland Canonica qu'il contribue à changer le monde, il croit qu'il est banquier... Si M. Elle est née en Suisse en 1934, au coeur de la crise économique, de l'union d'une quinzaine de petites entreprises : celles-ci voulaient pouvoir s'échanger leurs produits, alors même que, faute d'argent, le commerce était au point mort. Comment cela fonctionne-t-il ? Le système a fait ses preuves, de nombreuses autres entreprises s'y sont agrégées, l'organe de comptabilité a obtenu le statut bancaire. "Vous l'aimez cuit comment, votre saumon ? Son amabilité recouvre une longue et originale expérience de financier. "L'homogénéisation monétaire, dit M. Les conséquences sont néfastes. La solution de Bernard Lietaer à tous ces maux ? Pour en savoir plus : Découvrir les SOL.
Local currencySee Emissions Reduction Currency System for community based initiatives aimed at emission reduction In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area. As a tool of fiscal localism, local moneys can raise awareness of the state of the local economy, especially among those who may be unfamiliar or uncomfortable with traditional bartering. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse. Terminology Local currencies are sometimes referred to as a community currency. Alternative currency - often used, but in essence this term is deceptive in many cases, as many currencies are designed to be complementary, and not to substitute conventional currencies.Auxiliary currency - far less common, as synonym of community or local currency. Characteristics 1. 2.
HomePrivate currencyA private currency is a currency issued by a private organization, be it a commercial business or a nonprofit enterprise. It is often contrasted with fiat currency issued by governments or central banks. In many countries, the issuance of private paper currencies is severely restricted by law. Today, there are over four-thousand privately issued currencies in more than 35 countries. These include commercial trade exchanges that use barter credits as units of exchange, private gold and silver exchanges, local paper money, computerized systems of credits and debits, and digital currencies in circulation, such as digital gold currency. History United States A private $1 note, issued by the "Delaware Bridge Company" of New Jersey 1836-1841. In the United States, the Free Banking Era lasted between 1837 and 1866, when almost anyone could issue paper money. Ithaca hours Main article: Ithaca Hours BerkShares United States Private Dollars The U.S. Liberty Dollars
Metacurrency Collabathon: a wealth systemAfter Sibos, Q4 is usually the period of the year when I try to re-boot, to refresh my sources, to be a sponge and take-in new knowledge. It’s when I start painting for the next year. When the themes and trends for next year start emerging. I wanted to get a much better feel for what this world of alternative and complementary currencies was all about, and decided to join a week-end “Collabathon” organized by Art Brock (@artbrock) and Eric Harris-Braun (@zippy314), the founders of The Metacurrency Project. From their site: What is the NextNet? It was a small group of people – about 50 or so- gathering that Friday evening. Friday evening was intro-day. The weekend had something “sacred”. Some of you may remember that Art was one of our “igniters” for the New Economies session at Innotribe at Sibos Toronto, but there we only had a couple of minutes. Here at this Collabathon, Art and Eric gave a 3-hour deep introduction on The Metacurrency project. Metacurrency comes in two parts: Seas Sea/See
Crom Alternative CurrencyHub / Ven - Global Currency / Projects / Ven is Social Currency / NotesVen is a global digital currency used by members of Hub Culture to buy, share and trade knowledge, goods and services. It can be exchanged to anyone with an email address worldwide and spent at any Hub Culture Pavilion via the HubCulture.com platform. API protocols at our Developer Portal allow Ven to be exchanged anywhere, for everything and link the currency to both social profiles and hubs for shared group projects. The value of Ven is determined by the financial markets in a weighted basket of currencies, commodities and carbon futures trading against other major currencies at floating exchange rates. Currently over 50 million units of Ven have circulated, and it can be used to purchase anything from commodities to fashion to cars to a coffee. Watch a Ven video. Hub Culture recently announced the development of Ven Authorities, a project to enable partners to issue and redeem Ven through integrated ecosystems. Using Ven It's free, simple and instant. Ven Advantages Green. History
Complementary currencyComplementary currency describes currencies that exists as a supplement to our conventional (national) money. “A complementary currency (…) is an agreement to use something else than legal tender (i.e. national money) as a medium of exchange, with the purpose to link unmet needs with otherwise unused resources” (Lietaer & Hallsmith 2006: 2). Complementary currencies advocates thus don't claim a full Separation of money and state. Purposes Complementary currencies are often designed intentionally to address specific issues or problems. Most complementary currencies have multiple purposes and/or are intended to address multiple issues. In the current economic climate, some local money projects can also be promoted as low carbon, by encouraging localisation of trade and relationshipslifeboat currenciesencouraging use of under-used resourcesrecognising the informal economy Complementary currencies Types of complementary currencies Major activists Related concepts
New Currency FrontiersLocal Exchange Trading SystemsA local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated to LETS or LETSystem) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and record transactions of members exchanging goods and services by using the currency of locally created LETS Credits. History Michael Linton originated the term "local exchange trading system" in 1983 and for a time ran the Comox Valley LETSystems in Courtenay, British Columbia. The system he designed was intended as an adjunct to the national currency, rather than a replacement for it, although there are examples of individuals who have managed to replace their use of national currency through inventive usage of LETS. A number of people have problems adjusting to the different ways of operating using a LETSystem. Criteria Of these criteria, "equivalence" is the most controversial.
Social Capitalism: The Value GameThe Value Game (TVG) introduces a new class of business plans that will help communities to articulate social capital, creative capital, and intellectual capital toward the production of goods and services. The earliest versions were developed in a international education project in Mexico under NAFTA (1996-1997), and at The Boeing Company (1998-2008). More recently, Social Flights deployed TVG in 2009-2011, and CRManage in 2011-2013. TVG is a multi-agent algorithmic game comprised of a shared asset and a collection of diverse players (agents) in whose individual best interest it is to preserve the asset (sustain play) rather than consume it (game over). The proper selection of the asset and the proper grouping of the players defines the game incentives and payouts (sources and sinks). General Form: The following video describes an early version of The Value Game beginning with the Airplane Game and then generalizing the idea to include all shared asset communities. Case Studies: