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mzk_pi | 6 months ago

Thank you for the information; I learned a lot. Regarding the LETS issue of “services not expanding,” this protocol was originally designed as an emergency disaster prevention system, so it’s fine even if a single community doesn’t expand excessively.

Time-based currency has a similar orientation. The challenges of skill value imbalance and the difficulty of sustainable operation due to declining motivation are indeed present. Each local operating organization should run a PDCA cycle to evaluate and improve, and AI-based fair evaluation support could also be effective.

The “limited scope of use” and “dependence on the issuing company” problems of Canadian Tire money are addressed in this protocol by allowing communities around the world to autonomously issue currency without relying on a single company.

We want to offer this protocol free of charge to talented engineers worldwide.

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nivertech|6 months ago

> an emergency disaster prevention system

How it work during an emergency / disaster?

mzk_pi|6 months ago

In an emergency, this protocol enables people within the affected community to exchange essential goods and services such as food, disaster-prevention supplies, clothing, and medicinal herbs. Because it has functioned as one of the foundations for currency issuance and trust even in normal times, it can continue to support the production and distribution of essential goods like food if existing infrastructure is disrupted.

Even if the national currency or banking systems are down, currency issuance and circulation are managed locally, and can continue in both digital and analog forms—providing a sense of stability. This is why it can function as an emergency disaster prevention system.