MONEY 2.0 is an alternative currency concept specifically 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.
Most importantly, however, MONEY 2.0 is a philosophy aimed at uniting the current alternative money efforts. Unlike other alternative currency projects, the MONEY 2.0 concept is completely transparent. All currency parameters result from necessities which are documented in the MONEY 2.0 SOURCE QUESTIONS. Therefore, MONEY 2.0 is open to logical analysis and can be further improved by constructive input.
MONEY 2.0 offers the following features:
Availability: MONEY 2.0 is automatically created through trades. Therefore, it is always available where needed, and an economic crisis induced by the misallocation of money is virtually impossible.
Stability: As anyone issuing money is also required to sell an equal amount of goods and services, MONEY 2.0 cannot be overissued. This removes the prime reason for inflation.
Impartiality: Since 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 productivity. Since money isn’t issued through loans, it cannot be lost to interest payments – this significantly increases the likelihood that it remains in circulation and is obtained by those who require it as an exchange medium.
Independence: MONEY 2.0 doesn’t depend on the current financial system – therefore, it isn’t affected by a crash or “crisis” of traditional currencies.
Compatibility: MONEY 2.0 is open for exchange against other currencies (old and new).
Grassroots: Currencies based on MONEY 2.0 can be run by any person or organization, without the cooperation of an existing institution or authority.
Scalability: MONEY 2.0 is suitable 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 costs of currency administration – are public. Contrary to the traditional money system, there are no hidden costs.
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