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Introduction

MONEY 2.0 is an alternative currency concept designed to replace the current money system (in which the power to create money is a monopoly exercised by banks). In MONEY 2.0, anyone can issue money who is willing to exchange products or services.

Just the same, MONEY 2.0 is a project aimed at uniting the current alternative money efforts: Unlike other alternative currency projects, the MONEY 2.0 concept is completely transparent. All currency parameters come from necessities documented in the MONEY 2.0 SOURCE QUESTIONS. Therefore, MONEY 2.0 is open to logical analysis and collaboration.

MONEY 2.0 offers the following features:

Availability: MONEY 2.0 is automatically created through trades. Therefore, it is always available, and an economic crisis induced by the misallocation of money is all but impossible.

Stability: Since anyone issuing money is also required to sell an equal amount of goods and services, MONEY 2.0 cannot be overissued. This eliminates the prime reason for inflation.

Impartiality: As the power to issue MONEY 2.0 rests with all market participants, MONEY 2.0 isn’t vulnerable to the manipulations of a few.

Fairness: In MONEY 2.0, participants can issue money equivalent to their economic abilities. Since money isn’t issued through loans and cannot be lost to interest payments, it is readily available as a medium of exchange.

Independence: MONEY 2.0 doesn’t depend on the current financial system – therefore, it is not directly affected by a crash or “crisis” of traditional currencies.

Compatibility: MONEY 2.0 is open for exchange against other currencies.

Grassroots: By default, currencies based on MONEY 2.0 can be run by any person or organization and do not require the cooperation of any other party or institution.

Scalability: MONEY 2.0 is suited for currencies of any size – from family money (with only a handful of participants) to large commercial markets involving millions of traders.

Transparency: The software for MONEY 2.0 is open source, and all system data – including the cost of administration – are public. Other than in the traditional money system, there are no hidden costs.

Mission Statement »
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