[GiftEconomy] [newecohumanity] Re: Open Invitation to Create the Financial Institutions of the Future

[Leander Bindewald]

Thanks John for the request.

I´m not sure how much this will help the inquiry further down in the thread, so I´ll try to be brief:

For the two (unrelated) projects you mentioned, The Green Entrepreneurship Forum of Generation Europe Foundation and the HUB in Brussels (the currencies are not implemented just yet), the basic idea is to separate quantitative and qualitative properties of exchanges. The idea is based on the differentiation of different values as brought forward by the Metacurrency project, see e.g. Arthur Brock´s great Prezis on this.
So, one of the manyfold troubles with the money as we commonly use it today, is that it combines so many information-dimensions into one: scarcity, use value, personal preferences, authority, future prediction… What a meddled matrix! No wonder people first started to feel strange about money when it was invading spaces of human and personal value. Paying a friend for babysitting? Paying your neighbor for his veggies? Paying to be part of a community? Monetizing health, biodiversity and life? Just because we want to acknowledge and inform the bigger systems?

But, bringing the market paradigm back onto its healthy feet, currencies are unitized information systems facilitating collaboration.

So the Ants and Hubbees acknowledge quantitative input, posted text in the first case, hours delivered in services in the second. And you can trade in your earned units for other services in the community.
Owls and Honeys serve a peer2peer rating system to complement the purely quantitative currency with a qualitative dimension. This indicates the reputation of a user or how much value (not labour) he had brought to the community. They are not counted as the average rating (like on ebay) but as an aggregate of the rating units given. (e.g. three ratings of 2 stars plus 1 rating of 5 stars makes a 11 star reputation, not a 2,75 reputation).
This second currency can´t be spent, "Honey sticks", but it facilitates exchanges by informing potential collaborators about the user´s/member´s relation to or standing in the rest of the community, more Owls = more wisdom, more Honey = more trust. 
On the GreEn Forum, for example, members needed certain quantities of both currencies to qualify for a workshop in Brussels. 
The Ants and Owls there are implemented on a wordpress platform, the rating module was customized.  

Hope that helps, feedback most welcome. Big cheers, from Brussels, Leander



Am 09.01.2011 um 19:27 schrieb John Rogers:

> Leander may also wish to say more about the Ants and Owls concept at Generation Europe in Brussels: http://www.generation-europe.eu/forum/complementary-currency/     
> or the Hubbies and Hunnies concept at the Brussels Hub, both of which balance tradable currency with reputation points.
> 
> John Rogers
> Value for People
> www.valueforpeople.co.uk
> 
> On 07/01/2011 15:55, Dante-Gabryell Monson wrote:
>> 
>> Hi Trevor,
>> 
>> following your interest in the "reputation matrix" and possible algorithms expressed on the new economics list ( http://au.groups.yahoo.com/group/newecohumanity/ ),
>> 
>> where would you/we like to start with ?
>> 
>> --------------------------------
>> 
>> I am personally interested in defining some semantic web "Transaction Contract" vocabulary. 
>> 
>> I also know of some other projects which go in this direction - or can be directly compatible , such as the following protocols defined by Robin Upton
>> 
>> http://friend2friend.net/
>> 
>> or other metacurrency ontology projects in development such as
>> 
>> http://www.metacurrency.org/
>> 
>> ----------------------
>> 
>> In addition, I remember another existing tool for recognition in a context of community building such as
>> 
>> http://regenerosity.com/
>> 
>> Perhaps you know some other ones I may not be aware of... ?
>> 
>> Cordially
>> Dante
>> 
>> On Fri, Jan 7, 2011 at 3:34 PM, Leander Bindewald <leander.bindewald at yahoo.com> wrote:
>> I´m not sure if your are also on this mailing list,
>> but I thought this post would be down your alley…
>> 
>> Big cheers, *L*
>> 
>> Anfang der weitergeleiteten E-Mail:
>> 
>>> Von: Trevor Holland <trevor.holland at gmail.com>
>>> Datum: 7. Januar 2011 13:17:14 MEZ
>>> An: newecohumanity at yahoogroups.com.au
>>> Betreff: [newecohumanity] Re: Open Invitation to Create the Financial Institutions of the Future
>>> Antwort an: newecohumanity at yahoogroups.com.au
>>> 
>>>  
>>> I particularly love the "reputation matrix" concept. I can envision this as a method to unite all of the reputations that we have as members of LETS, Freecycle, Community Exchange etc.
>>> 
>>> There's probably a Doctoral thesis in designing a data mining algorithm that can return a "grand unified Collaborative Communities reputation" for any person. If our reputations as collaborators in building communities are "bankable" new economic order, then we need to make sure that such an algorithm not only works, but is protected against fraud!
>>> 
>>> I've been confusing myself for months now, trying to think of ways to do this. .... hopefully discussions that flow from this  project will be very helpful in resolving this kind of dilemma.
>>> regards
>>> Trev
>>> --
>>> Trev Holland
>>> +61 403 078 661
>>> 
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