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Topic: Open UDC: A "Social Bitcoin"? (Read 1401 times)

sr. member
Activity: 277
Merit: 250
May 02, 2013, 09:04:35 AM
#4
Where money came from and why? Now thats an interesting premise, but hope its optional

Really all sounds like it can be covered by open transaction contracts though, sucks how the world rarely collaborates
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
May 02, 2013, 07:05:22 AM
#3
So they want to redefine bitcoin? Good luck  Roll Eyes
legendary
Activity: 2912
Merit: 1060
May 02, 2013, 05:54:24 AM
#2
The post office does something like that with intentional mail
newbie
Activity: 52
Merit: 0
May 02, 2013, 04:13:19 AM
#1
Sorry if this has been posted before, the search function of the forum fails me. I haven't even had the time to look at it more closely, but I figured it might be interesting to see it discussed in this forum. The French discussions about it are said to be of interest, maybe Google Translate is good enough for them.

"John Boik, founder of Principled Societies, http://www.principledsocietiesproject.org/ , is running computer simulations on his Token Based System currently. His book is available for free download at his website."

http://p2pfoundation.net/Open_UDC

"OpenUDC aims to define a set of open protocols and standards to exchange new currencies, and to provide a free software implementation of them.

UDC means Universal Digital Currencies or Universal Dividend Currencies. Both definitions are fair since a currency in line with the Universal Declaration of Human Rights HAVE TO apply the Universal Dividend.

The OpenUDC project has a theoretical reference to the Théorie Relative de la Monnaie (TRM) which can be read to understand why OpenUDC uses Universal Dividend Money System.

The Universal Monetary Dividend as defined in the TRM is more precise than the Basic income as it specifies where the money comes from, how it is created, and why so. But the TRM is not a technical description of how such a money system can be developed concretely, and so the choices of OpenUDC technical tools are totally independent of the TRM.

OpenUDC implementations allow human members to exchange in a spirit of equity, digital goods and services in space, between members, and time, between members and future members."
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