Open source currency?

[skyfaller]

Also, I completely fail to understand what Douglas Rushkoff is suggesting here: open source currency.

Do I need to read his books or something for this concept to make sense? He seems to be suggesting that we need money that isn't controlled by the government, and that a model of money that is based on abundance rather than scarcity will enable an economy of collaboration rather than competition. What? Can someone point me to articles that will give me more specifics? (Naturally I will also be trying to Google this myself.) This article is just too vague for me to make sense of it.

Comments

[tedernst.livejournal.com]

The village with little money might not have anything that the outside world wants, but could very happily trade internally, but for lack of currency. That's the pont. They don't even need outside credit. Mutual credit will do the trick just fine.

[ccommack]

If that's the case, then they can establish their own currency system. It can work the same as any other successful currency throughout history.

[ccommack]

Note that this is with the stipulation to the rather incredible statement that the village doesn't have anything the outside world values; the demand for labor has not yet been superceded by technology.