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open currencies

Gift Transactions vs. Commercial Transactions

Gift Transactions vs. Commercial Transactions

A lot of people seem to struggle with the concept of gift economies. Over the recent few hundred years, we have gotten so acculturated to market economies that we tend to project tit-for-tat exchange onto every interaction and into every motivation. However, I believe this is erroneous. My goal in this blog entry is to remind us of our deep familiarity with gift economies and to provide a clear contrast between them and market economies.

MetaCurrency and Cyclos - Clarifications on Open

It has been requested that we try to describe the nuances of “open” and how the MetaCurrency Project compares with Cyclos in this department. I am not sure I am the best person to do this (Arthur and Eric are definitely more qualified), but here is my best attempt to describe the various types of openness we are talking about.

Open source is great. This means being able to openly access source code, change it, and share changes with a community of developers. Very awesome. And for Cyclos’ open sourceness I heartily applaud it.

The Meaning of Open

I have been doing my best in recent weeks to drum up enthusiasm for creating an “open” economy. Here in Portland, I travel in both tech savvy and tech challenged circles. My experience has been that while the tech community really embraces “open” as a practice, the non-tech community seems a little bewildered. And what’s more, both communities seem to have confusion around applying the word “open” to anything currency-like. So here is my attempt at clearing the cobwebs.

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