crco:credit_commons

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crco:credit_commons [2025/12/05 12:36] – [Credit commons] asimongcrco:credit_commons [2025/12/10 18:09] (current) – external edit 127.0.0.1
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 [Thomas Greco](http://lowimpactorg.onyx-sites.io/posts/future-of-money-thomas-greco) coined the term credit commons to describe a global system of mutual credit networks linked via a protocol. [Thomas Greco](http://lowimpactorg.onyx-sites.io/posts/future-of-money-thomas-greco) coined the term credit commons to describe a global system of mutual credit networks linked via a protocol.
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 A global credit commons can be built by federating local trading groups together (but with autonomy for local groups), and the tool for doing that is the Credit Commons Protocol (see below). So we can talk about credit commons as a concept, but use capital letters when we talk about a town's network, the global network or the protocol. A global credit commons can be built by federating local trading groups together (but with autonomy for local groups), and the tool for doing that is the Credit Commons Protocol (see below). So we can talk about credit commons as a concept, but use capital letters when we talk about a town's network, the global network or the protocol.
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 ### Global Credit Commons ### Global Credit Commons
  
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 The global Credit Commons concept is like the Internet – something that we can all plug into. It can incorporate business networks that trade with each other using mutual credit, fiat, crypto or barter, or anything else. But their relationship with the rest of the CC will be a mutual credit relationship. The global Credit Commons concept is like the Internet – something that we can all plug into. It can incorporate business networks that trade with each other using mutual credit, fiat, crypto or barter, or anything else. But their relationship with the rest of the CC will be a mutual credit relationship.
  
-Elinor Ostrom, in [_Governing the Commons_](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf), suggested that to grow, commons should be 'organised in multiple layers of nested enterprises', which is exactly what the CC does, in a recursive, fractal way, like [sociocracy](/soci/sociocracy), but for trade rather than governance.+Elinor Ostrom, in _[Governing the Commons](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf)_, suggested that to grow, commons should be 'organised in multiple layers of nested enterprises', which is exactly what the CC does, in a recursive, fractal way, like [sociocracy](/soci/sociocracy), but for trade rather than governance.
  
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 Unlike commodities that have been used as a means of exchange – like gold – credit money doesn't have to be dug out of the ground, transported around and stashed in vaults, with all the cruelty, environmental damage and wealth concentration that entails. Unlike commodities that have been used as a means of exchange – like gold – credit money doesn't have to be dug out of the ground, transported around and stashed in vaults, with all the cruelty, environmental damage and wealth concentration that entails.
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 With chess, it doesn’t matter about the design of your board, or the appearance of the pieces – if the game adheres to the rules of the World Chess Federation, anyone who knows how to play chess can still join in. The same is true of local groups and the Credit Commons Protocol. With chess, it doesn’t matter about the design of your board, or the appearance of the pieces – if the game adheres to the rules of the World Chess Federation, anyone who knows how to play chess can still join in. The same is true of local groups and the Credit Commons Protocol.
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 Interview about credit commons with Tom Woodroof of [MCS](https://www.mutualcredit.services/) and [Local Loop Merseyside](https://localloop-merseyside.co.uk/). Interview about credit commons with Tom Woodroof of [MCS](https://www.mutualcredit.services/) and [Local Loop Merseyside](https://localloop-merseyside.co.uk/).
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 Elinor Ostrom, in _[Governing the Commons](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf)_, suggested that to grow, commons should be 'organized in multiple layers of nested enterprises', which is exactly what the credit commons does. Elinor Ostrom, in _[Governing the Commons](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf)_, suggested that to grow, commons should be 'organized in multiple layers of nested enterprises', which is exactly what the credit commons does.
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 Credit commons doesn't require money – ideal for communities that don't have much of it. Credit commons doesn't require money – ideal for communities that don't have much of it.
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 The protocol really is a commons. It belongs to everybody who uses it. The code is all open-sourced and free to anybody to use and even change to suit themselves. The protocol really is a commons. It belongs to everybody who uses it. The code is all open-sourced and free to anybody to use and even change to suit themselves.
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 A ‘commons economy app’ will be developed with 3 accounts – a wallet for shopping, using discounted vouchers bought with cash; a mutual credit account for trading – i.e. where you do your business; and a future use vouchers account, for savings / pension, where vouchers for essentials can be aggregated. The three accounts are connected, and eventually, all transactions can be via mutual credit rather than bank money. A ‘commons economy app’ will be developed with 3 accounts – a wallet for shopping, using discounted vouchers bought with cash; a mutual credit account for trading – i.e. where you do your business; and a future use vouchers account, for savings / pension, where vouchers for essentials can be aggregated. The three accounts are connected, and eventually, all transactions can be via mutual credit rather than bank money.
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 Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.net/assets/credit-commons.pdf) in 2016. Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.net/assets/credit-commons.pdf) in 2016.
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 - [Credit Commons documentation and repository on GitLab](https://gitlab.com/credit-commons/credit-commons-documentation) - [Credit Commons documentation and repository on GitLab](https://gitlab.com/credit-commons/credit-commons-documentation)
  
-We'll provide more info in future blog articles, which we'll link to from here. 
  
  
  
-## Specialist(s)+## Specialists
  
  
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