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Excerpted from http://trustcurrency.blogspot.com/2009/12/suppressed-ideas-of-kropotkin-on.html Text Ronald Logan: "A century has passed since Kropotkin challenged the ...
- A Cryptocurrency System
- A Space-Time Asymmetry
- A Solution
- To Summarize
"Duniter uses the crypto-currency concept introduced by Bitcoin, which is to use cryptographic tools such as signatures to create digital currencies. Duniter fits this definition, but it has completely different inspirations than Bitcoin -- the Web of Trust and Universal Dividend -- to do better than Bitcoin. Actually, Duniter has a reference to a ...
Space-time asymmetry refers to the relative access of individuals to newly created money. Concretely, all existing currencies (c. 2015) are both spatially and temporally asymmetrical for their users. Let's take Bitcoin as an example to understand why.
Bitcoin has taught us that it is possible to create a currency system allowing one to both create digital money and to exchange it without a central authority. What we need to change is the way money is issued so we finally have a symmetrical system. We need Bitcoin + Universal Dividend. But Universal Dividend implies that the community consists of...
Duniter's blockchain can be compared to Bitcoin's blockchain: a great book tracing the history of each membership inside the Community along with the transactions of its users. With the blockchain, we have the fundamental referential of the Relative Money Theory members (humans), and the flow of money through the transactions generated by the curre...
