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| limo:money [2025/12/17 04:30] – external edit 127.0.0.1 | limo:money [2026/03/13 10:09] (current) – external edit 127.0.0.1 |
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| **[Cryptocurrencies](/cryp/cryptocurrencies):** represent a real separation from the banks; but they come with problems of their own – a) Bitcoin requires huge and growing amounts of electricity (crypto enthusiasts will tell you that there are new coins that don’t require much electricity at all – but most crypto activity is still Bitcoin); b) it’s mostly used for speculation, not trade; c) they don’t separate the exchange and store of value functions – you can still become a Bitcoin billionaire. But at least they show that we can have a money system without banks. | **[Cryptocurrencies](/cryp/cryptocurrencies):** represent a real separation from the banks; but they come with problems of their own – a) Bitcoin requires huge and growing amounts of electricity (crypto enthusiasts will tell you that there are new coins that don’t require much electricity at all – but most crypto activity is still Bitcoin); b) it’s mostly used for speculation, not trade; c) they don’t separate the exchange and store of value functions – you can still become a Bitcoin billionaire. But at least they show that we can have a money system without banks. |
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| **[Credit clearing](/crcl/credit_clearing) and [Mutual credit](/mucr/mutual_credit):** genuinely do separate the means of exchange and store of value functions. They're reviving the informal networks of medieval villages, but with the internet, a looming scarcity of conventional money, and the software to federate local groups up to the global level. Clearing / mutual credit networks exist in many parts of the world, including [Colombia](https://www.quipumarket.com/search/posts), [Kenya](https://www.grassrootseconomics.org/), [Australia](https://www.tradeswap.net/) and [Italy](https://www.sardexpay.net/). Now [Mutual Credit Services](https://mutualcredit.services/) are helping to build local mutual credit groups in the UK, and the [Credit Commons](http://www.creditcommons.net/) protocol can connect all these groups together, anywhere in the world, so that they can intertrade. | **[Credit clearing](/crcl/credit_clearing) and [Mutual credit](/mucr/mutual_credit):** genuinely do separate the means of exchange and store of value functions. They're reviving the informal networks of medieval villages, but with the internet, a looming scarcity of conventional money, and the software to federate local groups up to the global level. Clearing / mutual credit networks exist in many parts of the world, including [Colombia](https://www.quipumarket.com/search/posts), [Kenya](https://www.grassrootseconomics.org/), [Australia](https://www.tradeswap.net/) and [Italy](https://www.sardexpay.net/). Now [Mutual Credit Services](https://mutualcredit.services/) are helping to build local mutual credit groups in the UK, and the [Credit Commons](http://www.creditcommons.org/) protocol can connect all these groups together, anywhere in the world, so that they can intertrade. |
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| | ## Related topics |
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| | - [Blockchain](bloc:blockchain) |
| | - [Building societies](bsoc:building_societies) |
| | - [Commons economy](coec:commons_economy) |
| | - [Credit clearing](crcl:credit_clearing) |
| | - [Credit commons](crco:credit_commons) |
| | - [Credit unions](crun:credit_unions) |
| | - [Cryptocurrencies](cryp:cryptocurrencies) |
| | - [Local currencies](lcur:local_currencies) |
| | - [Mutual credit](mucr:mutual_credit) |
| | - [ROSCAs - rotating savings & credit associations](rosc:roscas) |
| | - [Use-credit obligations](ucos:use-credit_obligations) |
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| ## Specialist curators of this topic | ## Specialist curators of this topic |
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