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Alternative currency

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[edit] Advantages[edit] Alternative currencies are reported to work as a counterbalance for the local economy. Disadvantages[edit]

Home WIR Bank WIR Bank logo The WIR Bank, formerly the Swiss Economic Circle (GER: Wirtschaftsring-Genossenschaft), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR Franc, which is used, in combination with Swiss Franc to generate dual-currency transactions. The WIR Franc is an electronic currency reflected in clients' trade accounts and there is no paper money. The use of this currency results in increased sales, cash flow and profits for a qualified participant. WIR was founded in 1934 by businessmen Werner Zimmermann and Paul Enz as a result of currency shortages and global financial instability. Although WIR started with only 16 members, today it has grown to include 62,000. as of 2005.[4] The currency code is CHW as designated by ISO 4217. References[edit] Jump up ^ Niederer, Mike. External links[edit]

Hub / Ven - Global Currency / Projects / Ven is Social Currency / Notes Ven 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

Geschenkenconomie katalyseert gemeenschapszin “De economie van de toekomst is gebaseerd op relaties in plaats van op bezit.” —John Perry Barlow Antropologen ontdekten dat gemeenschapszin niet noodzakelijk voortkomt uit nabijheid—een wolkenkrabber met 200 appartementen in een grote stad leidt bijna nooit tot een gemeenschap. Evenmin leiden een gemeenschappelijke taal, godsdienst, cultuur, zelfs bloed, automatisch tot een gemeenschap. Antropologen hebben gemerkt dat gemeenschapszin is gebaseerd op wederkerigheid in het uitwisselen van geschenken. Het schenken van een doos spijkers van de ene buurman aan de andere omdat de andere net om verlegen zit is een daad die gemeenschapszin bouwt. Het proces van schenken schept iets dat geldruil niet doet. De etymologie van het woord gemeenschapszin of communiteit komt van twee Latijnse bronnen: cum, wat ‘samen’ onder elkaar’ betekent; en munus, ‘de gift’, of het bijbehorende werkwoord ‘munere, ‘geven’. Vandaar: communiteit = geven onder elkaar. Aanbevelingen

Social Capitalism: The Value Game The 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:

Welkom bij Torekes! | Torekes In de wijk Rabot-Blaisantvest in Gent belonen we inzet voor mooie straten, propere pleinen of een beter milieu met een eigen munt: het Toreke. Op deze site ontdek je wat er te doen is voor het milieu en de buurt en Torekes oplevert. De biljetten van 1 en 10 Torekes zijn echt iets waard. Je kan ermee in de wijk brood, groenten en fruit, maar ook spaarlampen kopen aan het Torekes loket. Alle handelaars die Torekes aannemen, vind je op deze site. Wil je weten hoe Torkes eruitzien, wat je er mee kan doen of hoe je ze kan verdienen? The Social Currency: Time - Purple Pointr If anybody wants to access your time or knowledge or influence, they would have to pay for it with their own.Dan Robles Thousands of social currencies are emerging as people lose confidence in the ability of the dollar to store value. At the end of the day, a currency is a social agreement. People need to agree that whatever they use for the storage and exchange of value accurately represents their productivity – otherwise they will not work for it. Of course this is much easier said than done. Well, to me it is time, and maybe attention. Invest your time in saving time for many others. Let's see how this works out. More, much more ... The DIKW Model of Innovation by Richard Gayle Data simply exists.

Freiwirtschaft Freiwirtschaft (German for free economy) is an economic idea founded by Silvio Gesell in 1916. He called it Natürliche Wirtschaftsordnung (natural economic order). In 1932, a group of Swiss businessmen used his ideas to found WIR Bank (WIR). Structure[edit] Freiwirtschaft consists of three central aspects, usually summed up as The Three Fs: The (proposed) results include: History[edit] The basic economic ideas of Freiwirtschaft were published in 1890 by the Hungarian-Austrian economist Theodor Hertzka in his novel Freiland - ein soziales Zukunftsbild[1] (Freeland - A Social Anticipation).[2] Flaws of the monetary system[edit] Freiwirtschaft claims that current monetary systems are flawed. This is not the case in the financial markets. References[edit] Jump up ^ Theodor Hertzka: Freiland - ein soziales Zukunftsbild, Leipzig 1890 Summary on the website of the Otto-Lilienthal-MuseumJump up ^ Theodor Hertzka: Freeland - A Social Anticipation, St. External links[edit]

A Blueprint For A Circular Economy: Reusing And Refurbishing For Prosperity Important question: How can we maintain global prosperity when natural resources are increasingly scarce, the planet is in increasing disrepair, and 3 billion people are expected to join the "middle class" by 2030? According to a fascinating new report, the answer is a "circular economy," where materials and products are restored and regenerated much more widely, and where the emphasis is on leasing, renting, and sharing, rather than consumption and ownership. "In a circular economy, products are designed for ease of reuse, disassembly and refurbishment, or recycling, with the understanding that it is the reuse of vast amounts of material reclaimed from end-of-life products, rather than the extraction of resources, that is the foundation of economic growth," the study says. In fact, this is no wild-eyed dreaming. The report argues that the current "linear" model of "take-make-dispose" is likely to lead to ever-increasing prices and volatility in the next few years.

Local exchange trading system A 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.[1] History[edit] Michael Linton originated the term "local exchange trading system" in 1983 and for a time ran the Comox Valley LETSystems in Courtenay, British Columbia.[2] The system he designed was intended as an adjunct to the national currency, rather than a replacement for it,[3] although there are examples of individuals who have managed to replace their use of national currency through inventive usage of LETS.[citation needed] A number of people have problems adjusting to the different ways of operating using a LETSystem. Criteria[edit] Of these criteria, "equivalence" is the most controversial.

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