Matthew Slater @matslats@social.coop

@olamina @mike_hales
I don't think we can stop facebook from doing anything. It should be possible however to build an alternative payments/ money network that cannot be co-opted. See https://creditcommons.net

Super article worth reading all of it about Bitcoin (TM), real Bitcoin and reclaiming the narrative https://www.epsilontheory.com/in-praise-of-bitcoin/

Do you know #React and #nextjs ? Would you like to earn a $1000 bounty for helping us build an aggregator for murmurations.network? Check out this bounty https://github.com/MurmurationsNetwork/MurmurationsProtocol/issues/25

https://t.co/dmY66TxTjT?amp=1

@cy For a definition of The Gift read Marcel Mauss. A system of credit indicates obligation, often legally enforced, to return a specific amount.This is very far from gifting.

What should small US nonprofits be using these days instead of PayPal?

really helpful sensemaking of the pandemic so far and the innappropriate government response. https://worlddoctorsalliance.com

@cy Then you promise to give something later. The unit of account on the ledger is the record of the difference between what you have received and what you have promised.
Some people call it credit money.

@cy Definitely NOT like a gift economy. Its an exchange system, with a precise unit of value. Instead of minting tokens and pretending they are valuable, members just promise to give as much as they receive.

@cy mutual credit systems another paradigm from blockchain and silver monies. I have much work to educate the public in this largely forgotten/ignored paradigm. Sometimes they are called moneyless systems because the credit members created is only accepted by other members. Hence 'mutual'. Its no microloans because its not money. All members have is the goods and services they produce and their promises.

@cy at the moment, as with all CC's, there are much bigger hurdles to adoption than government.

@cy
well aware of those concerns thanks. Yes its not designed for tax avoidance but avoidance of money/credit and banks.
KYC problems are handled because it is in the interests of each group to police their members or the whole group is liable.

Credit Commons protocol - reference implementation now available.
https://creditcommons.net

@jdaviescoates I believe not

@arran To "alphabet" doesn't work for me.