Comments on: Timebeats – an outline for an alternate currency based on time and education https://blog.p2pfoundation.net/timebeats-an-outline-for-an-alternate-currency-based-on-time-and-education-2/2013/10/23 Researching, documenting and promoting peer to peer practices Sat, 04 Jan 2014 00:02:41 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Jamie https://blog.p2pfoundation.net/timebeats-an-outline-for-an-alternate-currency-based-on-time-and-education-2/2013/10/23/comment-page-1#comment-556075 Wed, 23 Oct 2013 17:09:30 +0000 http://blog.p2pfoundation.net/?p=33409#comment-556075 I love the concept of new currencies. Sacred Economics is inspirational. Sensorica is a fantastically interesting value-accounting system. Reputation-based systems are important to integrate too. Timebanks are nice, Local Service Exchanges are great too! So many fantastic small scale solutions.

I’ve had an idea and am developing it now. We have a team that are bringing this into reality with volunteer work. It’s called JoatU and stands for the Jack of All Trade Universe. It is an online community marketplace where you can trade anything for anything.

There is also a currency involved (which you are not forced to use) called the Jack of All Trade Unit. These units are created by the people for the people on demand.

So instead of the government asking to create $100,000,000 and then distribute it, we have the person wanting to offer something to the community stand up and say, I want to plant a garden to feed my neighborhood. The neighborhood then gets an email telling them about it. They vote how much they think it’s worth. The votes average out. And then whatever the number is that the votes average out to, that number is created. So let’s say 10 JoatU. So the person plants the garden, 10J are created to pay them, and then the garden is open to the public and the person has 10J to barter to other people for their INDIVIDUAL goods and services.

Joatu are created for COMMUNITY offers. INDIVIDUAL offers do not generate JoatU but are direct transactions between two or more people.

We hope to launch in one community location in downtown Montreal by January 2014. Please follow us on Twitter or Facebook for developments. Or sign up directly and start filling out a profile!

]]> By: Matthew Slater https://blog.p2pfoundation.net/timebeats-an-outline-for-an-alternate-currency-based-on-time-and-education-2/2013/10/23/comment-page-1#comment-555961 Wed, 23 Oct 2013 00:08:18 +0000 http://blog.p2pfoundation.net/?p=33409#comment-555961 We have enough currency design ideas out there, all hoping for angel investors AND communities prepared to experiment with them.
However rather than designing currencies in a vacuum, we should be partnering with communities and trying currency and other methodologies to design solutions to their specific problems.

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