The Peoples Republic of Doug was/is an early example of a disintermediated trustless contract based community enabled on the Ethereum Blockchain. Lagom and Förena are energy based complementary monies designed to be incorporated into regional national and international ecosystems for trustless value exchange contracts between communities, sectors and individuals.
I would advise readers to think about this advice from Henry Morely on reading Alexander Popes essay on man.
''The reader of Pope, as of every author, is advised to begin by letting him say what he has to say, in his own manner to an open mind that seeks only to receive the impressions which the writer wishes to convey. First let the mind and spirit of the writer come into free, full contact with the mind and spirit of the reader, whose attitude at the first reading should be simply receptive. Such reading is the condition precedent to all true judgment of a writer’s work. All criticism that is not so grounded spreads as fog over a poet’s page. Read, reader, for yourself, without once pausing to remember what you have been told to think´´.Henry Morley.
The answer depends on what the ultimate aim is for the questioner.
The issues are, Centralisation versus decentralisation Issues revolve then around the production of money and distribution of money In Crypto world, the euphemism for centrally created is Pre Mined, of course, it is not pre-mined at all in the case of Stellar, Cardano, Ripple and of Course Tether. The next layer of the money creation question then comes to Real Pre mining which is to do with allowing an exclusive group usually the development community to mine for a period at the genesis block to a further period which effectively reserves a big chunk of the first money created to rest in the hands of a powerful group, this question is often discussed in initial coin offerings. The most famous pre miner is, of course, Satoshi ( him/Her self ) The Genesis blocks and the keys to the first bitcoin blocks are in the hands of the mysterious Satoshi and amount to 10% of all bit coin in existence the video I sent yesterday of Heart and Verr discussing Bitcoin and Bitcoin cash has a large section when this is discsussed other videos I sent have included discussions of the Monero Crippled Miner and also the Genesis mnining of Dash and Ethans fast one regarding who got the lions share and hence control of a supposedly distributed and decentralised value system. Ethereum tackled all of these questions and was and is very transparent there is still a high concentration of power as represented by concentration of token control at the top but not as bad as say Ripple and Tether- The next question you get is, is it open source and how truly open source and accessible is the decision-making process ? this is the much-vaunted Consensus algorithm stuff. The Byzantine General and all of that, At this point you get to the Hard Forks soft forks and Discussion regarding Bitcoin Gold/Cash/core etc. Craig Wright (I Think he is Satoshi or Half of Satoshi who I believe were he and his US friend who died of Cancer a few years back now ( details are important) I.e Satoshi never was just one person the intial effort was a group effort including Nick Szabo and some other noteable Cypher Punks, you also have to factor in people like Julian Assange and WikiLeaks which is all part of the same movement that Bitcoin emerged out of. So that takes us back to who are the good guys and bad guys the answer to which is you pays your money and makes your choice or in my case you Build your miner and choose your Currency/pool. I mine EThereum but will in due course be mining ETHER ( for as long as I can I:E Proof of Stake) Ethereum Classic, the debate between Ethereum and Ethereum Classic, dates back to the DAO hard Fork and the DAO Hack. This is the bit about Rolling back the Block Chain. Heart, is against it in the Heart Verr interview, I think he's wrong to be absolutist about it, I agree with Ethereum Classic in many ways but think they were wrong to say that the Dao Hacker should have been let off the hook. I Like Ethereum, Dash, Monero Bitcoin Gold/ Ethereum Classic Bitcoin Bitcoin Cash SIA Coin IBIQ and BISQ as an exchange Finally, I like Gold and Silver and Lanthanides ( rare earth Metals ) Lietears Terra made into a Crypto would be the ultimate good Guy the work I did a year or two back on currencies in this space tackles all these questions http://www.lietaer.com/2010/01
Nice to hear from you. WIR Bank is definitely a good model. I was reading more about JAK bank here in Sweden which is an interest free 30000 owner/member bank that has been going since the 60´s it is modelled on a Danish bank of the same name. http://communityrenewal.ca/sites/all/files/resource/MW200351.pdf
https://www.jak.se/content/membership-0#.VvteYRN96g8 The idea of JAK is more general and consumer (household) driven than WIIR which is SME driven. With respect to complimentary currency design The attached booklet People Powered Money
Is well worth reading.
The Magrit Kennedy link sent yesterday with the Interest observations of Creutz are tremendously important and the research into the Chiemgauer also linked which gives the evidence of propensity for complementary currencies to circulate locally 20 times over 7 times for a national currency. Complementary Currency ( Lagoms focus on money as Means of Exchange ) Föres provide backing and convertibility back into FIAT and work as a store of value, the main focus of a federation of Local currencies is to provide liquidity a store value is not helpful to liquidity and requires a
'' A question was put to the former chief of the Executive Board of the Deutsche Bank, Hilmar Kopper in an interview in a TV network in the spring of 1991: “What is it that gives money its actual value?” One might have expected Kopper to refer to the performance of the political economy that provides the cover for our money. But the reply of the banker was short and to the point: “The time factor means that it (money) increases through interest”, and to the inquiry of the astounded interviewer: “Money without time is then nothing?”, he confirmed the same in more detail: “Money without time means nothing, of course it can be spent right away. But that does not multiply money, money is then turned into something else.” This definition of a former banking expert is significant. According to him, our money is not primarily for the purpose of mediating an exchange of goods and services in the economic system, but more for self-propagation!''
Interest as a Means of Redistribution / 8 Excerpt from Helmut Creutz The Money Syndrome Towards a Market Economy Free from Crises
I look forward to discussing other aspects you raise on Skype .
All the best
Time to write the white paper and start building the DAPP.