Renewable energy backed 'P2P' currency
The premise of this idea is that money is one of the fundamental elements of today's society, so changing how money is created and used will change society at a fundamental level! The following are the main propositions of this new currency model:
1. Direct the flow of money towards socially, ecologically and environmentally intelligent producers of goods and services.
2. Make available cheap and abundant renewable energy which should enable the production of more goods and services (i.e. higher productivity) and drive economic growth
3. Enable a distributed model for money creation by tying money creation to peer energy production, such that those who produce energy locally (from natural, abundant sources like solar and wind) and feed the extra energy they don’t need into the common grid get the then-equivalent in energy-backed P2P currency.
4. Enable a lending system that rewards lender, without charging interest to borrower, and that motivates lenders to become producers of goods and services. This is achieved by moving from a time value of money to a peer production value of money. Peer credits accumulated through lending are convertible to monetary reward (for those lending peers who also happen to be producers of goods and services) by having the peers with most credit point rank higher as sellers of goods and services. The peer credits accumulated by a given peer (through lending) are also used to determine how much money they can borrow.
- This idea is primarily meant to influence people to think different. I don't mean for it to get into the 2nd round. However, the more votes the more people it can reach.
The full model can be found here:
P2P Foundation Wiki: tinyurl.com/66bux2
Evolving Trends blog (for comments or if above link is down): tinyurl.com/5q3z4v
I've also just posted the above summary on Change.org, so go there and vote if you like it.
www.change.org/ideas/view/renewable-energy-backed_p2p_currency

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