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1. Gabe (gabriel@mk.gabe.rocks)'s status on Tuesday, 19-Nov-2024 03:44:41 JST Gabe

   in reply to

   • hazlin no plap pirate

   @hazlin@shortstacksran.ch
   In short, you bootstrap a "from nothing" currency based on extending others "credit". My understanding is that there are many different ways of implementing it "time banking" is a popular flavor where the unit of value is hours of your time.
   As a tool, it's a useful way to resolve situations where the problem is not lack of wealth/opportunity but lack of liquidity.
   
   Longer explanation

   • silverpill (silverpill@mitra.social)'s status on Tuesday, 19-Nov-2024 03:44:41 JST silverpill

     in reply to

     • hazlin no plap pirate

     @gabriel @hazlin

     >In short, you bootstrap a "from nothing" currency based on extending others "credit".

     Sounds like Circles https://joincircles.net
     I think it failed to get any traction

   • hazlin no plap pirate (hazlin@shortstacksran.ch)'s status on Tuesday, 19-Nov-2024 03:44:42 JST hazlin no plap pirate

     in reply to
     @gabriel What sort of thing is a mutual credit system?
   • Gabe (gabriel@mk.gabe.rocks)'s status on Tuesday, 19-Nov-2024 03:44:43 JST Gabe

     Has a digital (internet) mutual credit system been made?
     I vaguely remember coming across a prototype years ago but can't find it when I look for it.