[p2p-research] Open Money Ning

Mon Jun 8 04:07:18 CEST 2009

Dear Mark,

The aim of the P2P Foundation is to research distributed infrastructures in
all areas of human life, by bringing information and people together,

on money, see http:/p2pfoundation.net/Category:Money

as such we are in touch with a few of the monetary transformers and try to
present their work,

I'm not an expert at all my self and at this time would not have the time
for a detailed investigation, but I' be happy to present your projects, and
perhaps some of our associates like Sepp would like to get through the demo

Does your system have any guarantees against money laundering since it
appears the previous systems where mostly used for such purposes?

Michel

On Mon, Jun 8, 2009 at 5:58 AM, Mark Herpel <editor at dgcmagazine.com> wrote:

>  Mike,
>
> I've just spent a few hours with my friends Patrick and then Bill. Patrick
> created the loom software and Bill created the Trubanc system. I'm writing
> up descriptions of each with some screen shots, demo stuff and I have tokens
> to allow anyone to test out or use the systems. I can also get them both on
> Skype for walk throughs
>
> Loom is in use and Trubanc is ready to go with just a week more of clean
> up. I have the client/server running on my PC but you can also access
> Trubanc online at the web site. I'm not sure exactly what you and
> p2presearch are looking for and what you would want a software to do. Here
> is a little background. I've been in digital currency for about 7 years and
> I got to meet and make friends with the operators and software
> creators...all of them including e-gold, goldmoney, webmoney, pecunix and
> others. Now when the operators of e-gold were arrested and that first round
> of seizures, everyone I know moved to decentralize the next level of digital
> currency. The assets behind one currency would never be held in one spot or
> account. Accounts as they had been known were degraded to folders, or hex
> numbers without names, addresses, emails or anything identifying. Basically
> a Twitter account, sans the email. But they went a few more steps down the
> road in that every user of the loom system can, if they choose create and
> use their own currency, or even create multiple currencies. So you have one
> agent using Bob Units, another using Jim's gold units, another using PC
> silver units and so on. Multiple currencies from one system with new ones
> being created each day if users so desire. You have to trust the issuer to
> use his money. All currencies I know, are traded (National currency to
> digital units) through a third party. Take a look at these pages:
>
> These are some popular loom assets in use each day.
>
>
> https://loom.cc/view/db53fd011eb53ee9c4dbb5a88198cb3e34e1778feeaf3b2a118e619425ecbf6a
>
> The software package is very flexible (as I'm told) in that there is an
> API, the client can be separated from the server and the operation of the
> entire package is very simple. Each user has a folder, in the folder are
> assets. There is a virtual 'grid' with millions of 'drop points' a user
> simply places assets on a point, gets a very large number, delivers that
> number to someone else and the 'package' can be then picked up. The class of
> assets must be added to the incoming folder before they can be picked up.
> All this is neatly packaged to be used from a central admin area. There is a
> account transaction history available and some other things which make it
> easy to use. In additional add ons, which I think work like Twitter ad ons,
> or iPhone apps, there is a vending machine, which automates the two person
> exchange. One person loads the machine and perhaps posts the code to his
> blog, another person at any time can deposit to that machine and out comes
> one or more items each time. There in shopping cart integration, a sort of
> buy it button/vending machine and more. This system would work GREAT with an
> Amazon size business, the product would offer a field, "buy me" in the field
> the users enters his ID and Amazon pulls the payment from his drop point,
> it's very easy to integrate.
>
> What I am using these systems for is: We have a local community currency we
> are working on backed by silver. Local community currency only works in that
> local town or area, if you want to buy from across the state or national you
> are out of luck. However, if your local currency is backed by ounces of
> silver, and the next town over has silver backed currency of another brand,
> (Lewes Pounds vs Totnes Pounds) with a loom system, you can load your local
> currency ounces and make easy transfers to any other town using the same
> silver or commodity backed local currency. Loom is ideal for this because it
> is so simple to use and private. So if we are able to get a silver currency
> up and going, then you would not need much of a reciprical agreement with
> another silver backed CC, to exchange exact equal value between communities.
>
>
> There are several things about these systems to know. They do not operate
> on credits where anyone could go into a negative balance. The operator has
> no knowledge of who is using the accounts and for what purpose. He does not
> know what currency is created or how much, unless that party wants the
> system operator to help promote the use of it. Transactions are not
> reversible once an asset if picked up you can't get it back. There is NO
> central bank, each person either uses his friends currency or creates his
> own, as much as they would like and perhaps it's backed by something,
> perhaps it just happy thoughts. No name are required, no emails, no IDs etc
> however, you must receive tokens to open your first folder, so you cannot
> just go to the web and start to operate a folder.
>
> Trubanc is almost ready to be distributed via Sourceforge or the like, you
> can grab some info here: http://trubanc.com:8080/download/
>
> I have a Trubanc up and running now in Panama, http://www.ccmag.net/banc/here and also a client and sever on my PC, it's very easy to use.
>
> On both systems it is very easy to set up your own bank, issue currency and
> invite 50,000 of your closest friends to interact with you. On Loom the
> vending machine, API and the integration work they have already done makes
> it ideal for any retail store application I can think of...but I'm pretty
> tired tonight :-) Also I'm no expert at P2P stuff. However, I've used most
> of the systems out there from Ripple to Cyclos (which in my opinion is
> useless) These systems, particularly the loom are so easy to use, set up and
> so expandable a child could really do it. Hopefully we will have several
> silver CC's up and running soon and test out how it would function across
> the state or country.
>
> I can provide more info, answer questions, give you tokens and walk you
> through transactions, and finally connect you directly with the software
> creators to get you going if you so desire.
>
> Thanks, I'll have some more info and better descriptions for you group in a
> day or two. Reach me anytime and I am on Skype for IM chat on this stuff
> round the clock.
>
> I hope these descriptions are helpful but I'm not sure what info I should
> be providing or what you are looking for yet!! Cheers.
>
>  Mark
>
>
>    ----- Original Message -----
> *From: *Michel Bauwens <michelsub2004 at gmail.com> <michelsub2004 at gmail.com>
> *To: *editor at dgcmagazine.com; Stan Rhodes <stanleyrhodes at gmail.com><stanleyrhodes at gmail.com>;
> Thomas Greco -- thg <thg at mindspring.com> <thg at mindspring.com>
> *Cc: *Peer-To-Peer Research List <p2presearch at listcultures.org><p2presearch at listcultures.org>
> *Sent: *Saturday, June 06, 2009 11:53 PM
> *Subject: *Re: [p2p-research] Open Money Ning
>   Hi Mark, thanks for this comment on our blog,
>
>  yes, I am/we are very interested in these initiatives, particularly as we
> have 'open money week' on our blog  ...
>
>  do please send us more info about these projects,
>
>  Michel
>
>    1.
>
>    Mark Herpel <http://www.dgcmagazine.com/> Says:
>    June 6th, 2009 at 11:20 pm<http://blog.p2pfoundation.net/why-the-slow-uptake-of-internet-currencies/2009/06/06/comment-page-1#comment-414992>
>    e<http://blog.p2pfoundation.net/wp-admin/comment.php?action=editcomment&c=414992>
>
>    I’d say that the software you require is already in use, OS, it’s
>    decentralized and it fits your requirements to work on a local scale or
>    global. IVTS, value transfer systems such as Loom.cc or Trubanc.com are both
>    already online and working. Skype me for info anytime. ‘digitalcurrency’
>
>    Mark
>    editor at dgcmagazine.com
>
>
>
>  On 6/7/09, Stan Rhodes <stanleyrhodes at gmail.com> wrote:
>>
>> Re: Twollars, see commentary by Stan Schroder:
>> http://mashable.com/2009/05/26/twollars/
>> Alan Rosenblith:
>> http://newcurrencyfrontiers.blogspot.com/search/label/twollars
>>
>> I suspect twollars is little league to prepare for using Google Wave
>> to make Wavoleons or Wavebux or obs or whatever.  They didn't know
>> about Wave when they started, but I'd be surprised if they don't have
>> their eye on it now.
>>
>> So, if we look at possible next moves in the arms race:
>> 1. money moves into the internet via projects that are building open
>> money systems
>> 2. open money systems that are easiest to use and access by the
>> mainstream is adopted rapidly by the tech savvy for small transactions
>> 3. diverse money systems are created, but only a few are used, moves
>> quickly toward one
>> 4. they're used for all sorts of legal and illegal activities
>> 5. governments go after traders, like China did with QQ coins
>> 6. organized crime increasingly tries to squeeze in as the buying
>> power increases
>> 7. governments, particularly the United States, strikes at two points
>> in the infrastructure: businesses and ISPs
>> 8. people route around businesses with virtual enterprises, and route
>> around ISPs via peer open telecom tech
>> 9. the "rickroll" becomes the world's first true global currency after
>> a scandal with "lollars"
>>
>> -- Stan
>>
>> On Sun, May 10, 2009 at 6:41 AM, Michel Bauwens<michelsub2004 at gmail.com>
>> wrote:
>> > Hi Ryan,
>> >
>> > If you ever feel like reporting on twollars and derivatives, it's an
>> area I
>> > still don't understand much ... when I originally looked, it looked more
>> > like a game, like the ones played on facebook, i.e. poking and hugging
>> and
>> > such  ... If you think it is important and has potential, thanks for
>> > explaining,
>> >
>> > Michel
>> >
>> >
>> > On 5/10/09, Ryan Lanham <rlanham1963 at gmail.com> wrote:
>> >>
>> >> This is on the Open Money Ning
>> >>
>> >> onewhouse has sent you a message on openmoney
>> >>
>> >> Hi Everyone,
>> >> So excited, here is why! Launched CarbonTwollar Experiment to Twitter.
>> Was
>> >> hoping for a future "Give CarbonTwollar" for @[bravesoul] for
>> #[Deceptively
>> >> simple and genuine grassroots act] in #ResourceSaving and/or
>> >> #PollutionSaving syntax to take root. Twitter founder Eiso Kant
>> connected
>> >> back, loves the idea and very encouraging. So watch the space or the
>> idea to
>> >> grow and hopefully gather some momentum...
>> >> Here the Tweet nest:
>> >> https://twitter.com/CarbonTwollar
>> >> More on the 4-step experiment at Placemark:
>> >> http://www.placemark.com.au/carbontwollar.html
>> >> Warmly,
>> >>
>> >> Ryan Lanham
>> >> rlanham1963 at gmail.com
>> >> Facebook: Ryan_Lanham
>> >>
>> >>
>> >> _______________________________________________
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>> >>
>> >
>> >
>> >
>> > --
>> > Working at http://en.wikipedia.org/wiki/Dhurakij_Pundit_University -
>> > http://www.dpu.ac.th/dpuic/info/Research.html -
>> > http://www.asianforesightinstitute.org/index.php/eng/The-AFI
>> >
>> > Volunteering at the P2P Foundation:
>> > http://p2pfoundation.net  - http://blog.p2pfoundation.net -
>> > http://p2pfoundation.ning.com
>> >
>> > Monitor updates at http://del.icio.us/mbauwens
>> >
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>> >
>> >
>>
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>
>
>
> --
> Working at http://en.wikipedia.org/wiki/Dhurakij_Pundit_University -
> http://www.dpu.ac.th/dpuic/info/Research.html -
> http://www.asianforesightinstitute.org/index.php/eng/The-AFI
>
> Volunteering at the P2P Foundation:
> http://p2pfoundation.net  - http://blog.p2pfoundation.net -
> http://p2pfoundation.ning.com
>
> Monitor updates at http://del.icio.us/mbauwens
>
> The work of the P2P Foundation is supported by SHIFTN,
> http://www.shiftn.com/
>
>
>

-- 
Working at http://en.wikipedia.org/wiki/Dhurakij_Pundit_University -
http://www.dpu.ac.th/dpuic/info/Research.html -
http://www.asianforesightinstitute.org/index.php/eng/The-AFI

Volunteering at the P2P Foundation:
http://p2pfoundation.net  - http://blog.p2pfoundation.net -
http://p2pfoundation.ning.com

Monitor updates at http://del.icio.us/mbauwens

The work of the P2P Foundation is supported by SHIFTN,
http://www.shiftn.com/
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