I'm not new to the fediverse, but here's an focusing on just one project:

Ora.Network aims to create a global digital network based on the principles of time banking, software, and the . A currency where 1 ora is added to your balance for every hour you contribute to a qualified libre/commons project. You can then transfer your ora to someone else in exchange for their help working on your own (non-qualified) project.

@mayel This looks potentially very interesting. I had a similar idea a few years ago but no wherewithal to get anything off the ground. I release most of my choral sheet music under CC by-SA so it would suit me down to the ground; while it's difficult to track exactly the hours I work on any given project, I'm already trying to keep track a bit.

@artsyhonker yeah it's somehow always easier to track work done by a contributor than by a project initiator... would love to find some creative ways to help with this

@mayel It isn't that that's the issue, it's how to track the creative work. Sometimes no amount of staring at the page* helps but I'll go for a walk and when I come back I know what to write. Sometimes I'm sitting on the Tube picking at things in my head. It's hard to estimate that time.

*Yes, I still use actual pencil and paper for first drafts, and often for second drafts too. I'm old school like that.

@artsyhonker @mayel

An idea:

A: "I need X to be done, I estimate it requires Y hours of work"

Someone can either accept or ask to re-negotiate the estimate.

During the work, a re-negotiation can be asked but it can't be forced on both sides of the contract.

@olistik @artsyhonker

Yeah something like this works great when one person is contributing to another person's project, but what about the work you do on a libre/commons project you started yourself?

@mayel @artsyhonker I'm trying to better understand the context. The case in which there's no demand for a work to be done can't be fit into a currency trading scenario.
There must be someone needing for something and willing to offer something to obtain it.
A collective of people demanding for libre projects to foster (the demand) could evaluate or be asked to evaluate the work needed on others' projects (the offering). That'd fall under the classic currency-trading scenario.

@olistik @artsyhonker

Yes, that's how I'm thinking about it for now: a federated system where organisations/collectives (think Mozilla, Wikimedia, Framasoft, but also much smaller ones) can have balances with unlimited credit (this is mutual credit, not transferable token currency) and assign it to projects/contributors/tasks (possibly in the way you describe, or with a bounty system). Any federation member found by other members to be abusive can have their credit not be accepted.

@mayel @artsyhonker

> balances with unlimited credit (this is mutual credit, not transferable token currency)

I'm not sure I fully understood this one. Could you expand it a bit further? Possibly with an example?

@olistik @artsyhonker

"Mutual credit is not minted or printed, it has no physical form and no fixed quantity."

"In a mutual credit system, units of currency are issued when a participant extends credit to another user in a standard spending transaction. You start with a ledger of participants, with all accounts having a zero balance. The first transaction could look like this: Alice pays Bob 20 credits for a haircut. Alice’s account now has -20, and Bob’s has +20."

@artsyhonker @olistik

"But wait — Alice spent credits she didn’t have! True. That’s exactly how issuance in mutual credit works. Managing the currency supply in a mutual credit system is about managing credit limits — how far people can spend into a negative balance."

@olistik @artsyhonker

^ With that basic explanation of mutual credit, what's unique with Ora is that only libre/commons projects get to have negative balances, and they are never expected to pay their "debts".

So essentially, value is created and accounted for when work is done for the commons, which then can be used a medium of exchange.

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