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[[blockchain]]
For example, in extremely poor neighborhoods in Kenya, the [[Bangla Pesa]] and [[Lida Pesa]] are neighborhood-owned and -controlled currencies, part of the larger [[Sarafu-Credit]] system. The currencies enable members to capture and recirculate value created within the community while preventing the outside economy from siphoning it away. Such systems are complementary to conventional (fiat) money and serve as building blocks for a commons-based economy.
โ [[Free, Fair and Alive]]
Researcher Grzegorz Sobiecki estimates there are more than 6,000 alternative currencies worldwide.
โ [[Free, Fair and Alive]]
alice issues alice-credits, bob issues bob-credits
similar to a traditional market exchange where you trade a commodity/stock for a national currency in market pairs e.g. BTC -> USD, you can create peer-pairs where you agree to trade with a peer e.g, alice/bob market where 1 alice == 1 bob.
Someone else can create another peer-pair e.g. bob/sally where 1 bob == 1 sally, then we can programatically connect these pairs so that 1 alice == 1 sally. this allows us to have an economic model that is free from any central authority but where commerce is possible.
#pull [[labor coin]]