https://blog.p2pfoundation.net/will-big-business-privatise-the-monetary-commons/ Researching, documenting and promoting peer to peer practices Mon, 13 Oct 2014 20:06:23 +0000 hourly 1 https://wordpress.org/?v=5.5.17 https://blog.p2pfoundation.net/will-big-business-privatise-the-monetary-commons/comment-page-1/#comment-422541 Sat, 27 Feb 2010 23:40:07 +0000 http://blog.p2pfoundation.net/?p=7495#comment-422541 “Local Councils will issue the credits or “Quids” to pay businesses for work performed and staff salaries, after which the liquidity can circulate in the community. What makes Quids acceptable in the community is the fact that the local Council will take them back in payment for local taxes and fees.”
Jct: Payment of taxes is the holy grail of community currency engineering.
“I also suggest that this fundamental controlling concept will tell us how to manage the credit units expansion/contraction in the system.”
Jct: Unfortunately, they want to control the expansion/contraction of the number of chips in the game rather than let it be a simple function of the collateral pledged. A perfect system with the suggestion to run it wrong.

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