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8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre
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Definition of a free money
St
phane Laborde RMLL 2011
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Different definitions ofmoney
In order of historical development
Money as a specific value (gold, silver...)
Money as a debt on a specific value (gold standard) Money as a debt on any value (fractionnal reserve)
Money as a fixed mutual credit on any value (SEL)
Free money
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What could be a free money?
Definition : a free money should be a money
allowing economical freedoms
To allow freedom for you and others, you should
not use a money that is not defined as allowing
economical freedom
Ex : a money defined as a reserve of value is not
defined to allow freedom, but as a try to storevalue
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Economical freedom
Economical freedoms are defined as :
Liberty of access to resources
Liberty to produce
Liberty to exchange within the money
A constraint of freedom is very different of what is
used to define what we usually name money.
Freedom is defined relatively to any individual as
no constraint to others, as well as liberty for
others. It's a symmetrical extended law.
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Free money / Open-UDC
Definition of a free money
A free money is a tool choosed by a community,
allowing universal exchanges inside it, and
allowing economical freedom.
A community includes present (space freedom) and
future (time freedom) members. Any individual
has a limited life expectancy.
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Money is not
Money is not a software, you cannot duplicate it
with no limits.
Money is not a communication protocol allowing
transfers with no limits.
Money is a protocol with a imited (but not fix)with a imited (but not fix)
quantity of a universal (= inside a community)quantity of a universal (= inside a community)
agreementagreement, allowing exchanges of space, time,teaching, materials, energy, which are values (t)
at any time (t), and are in progressive
transformation
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Understanding timesymmetry
graph by Luc Fievet, Thorie Relative de la Monnaie 2.0 GPL v3 / Blender
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Open-UDC free money rules
Democratic definition of community rules
Liberty to access ressources
Liberty to produce Liberty to exchange
Based of Thorie Relative de la Monnaie 2.0published in 2011
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Open-UDC money rules
Initialisation of democratical agreement (t) of a new
member as a 2/3 of members aprovals.
UD(n+1) = max [ UD(n); c M(n) / N(n) ]
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Conclusion
A money defined on liberties apply symmetric
laws, because liberty is a symmetric law
Free money is a definition of money creation
between people accepting a symmetric code tomake exchanges respecting economical freedom.
Free money as defined by Open-UDC has value at
any time only because it is accepted to makeexchanges by individuals, considered as the only
universal value.
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Questions / Answers
Enf of the presentation
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