Comments on: Solidar – a nature congruent money system for peace https://blog.p2pfoundation.net/solidar-a-nature-congruent-money-system-for-peace/2010/05/16 Researching, documenting and promoting peer to peer practices Mon, 13 Oct 2014 20:06:46 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: TokyoTom https://blog.p2pfoundation.net/solidar-a-nature-congruent-money-system-for-peace/2010/05/16/comment-page-1#comment-428166 Sun, 16 May 2010 07:39:11 +0000 http://blog.p2pfoundation.net/?p=8626#comment-428166 We DO need a new currency, but this is another “fiat” currency that doesn’t represent ANYTHING that people actually value, and so will mask a transfer of wealth from one group to others.

What we need are commodities-based (gold, platinum etc) certificates of deposit that can be electronically traded AND physically redeemed. To deal with existing “legal tender” laws, by which govt enforces its monopoly, users must agree that any obligations denominated in the new currency can also be paid in $$ at a rate equivalent to the $$/new currency rate, at the time of payment.

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