Comments on: Commercial Trade Exchanges, Their Present Limitations and Potential Future

By: Free Money « realmoneyisfree

Free Money « realmoneyisfree — Mon, 21 Nov 2011 03:59:43 +0000

[...] The Fourth Corner Exchange – Based in Washington State The Community Exchange System – Based in South Africa WIR Bank – Based in Switzerland Commercial Trade Exchanges [...]

By: Jubilee Year

Jubilee Year — Tue, 17 Mar 2009 22:10:51 +0000

Brilliant, absolutely brilliant. You have already blazed the trail and returned from the intellectual journey that I have just begun to contemplate. Your insights and analysis are incredibly valueable and visionary. Thank you!

By: Neno Brown

Neno Brown — Thu, 10 Apr 2008 21:54:38 +0000

I understand, thanks for the feedback.

I am currently working on a web based system that does not use credit but saving and clearing with a token system.

Your notes have been invaluable to me in the process of implementing a viable alternative to the current matrix.

By: Thomas H. Greco

Thomas H. Greco — Thu, 10 Apr 2008 00:52:26 +0000

You misunderstand my meaning.

In the first instance, my purpose is to prevent the exchange system management from abusing the use of the system account. Anyone else can buy outside for resale inside, if they like. That would be in fact a good thing, expanding the offerings within the clearing exchange market.

In the second instance, the objective is to discourage price discrimination based on the kind of payment. I don’t want a vendor to tell me I can have an item for 10 official dollars, but if I pay with clearing credits, the price is 20 credits. That makes the clearing credits and inferior currency. A system should be managed in such a way as to maintain the value of the internal credits at par with the national currency.

That has nothing to do with individual members marking up the price of their goods from cost.

By: Neno Brown

Neno Brown — Wed, 09 Apr 2008 21:59:42 +0000

Dear Professor,

Great post, but tell me; why is it such a bad thing if a credit clearing exchange allows a sytem, where trade produces resale?

If I see something I think could earn me a little profit, is this a bad thing, within a clearing exchange? in regards to your statement on this subject above…. “How might these problems be remedied”?

Is it possible that such a system could work if the credit price (Token) is the same as the cash price?

Regards.