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.
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 contributions 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: Since anyone issuing money is also required to sell an equal amount of goods and services, the amount of currency in MONEY 2.0 automatically keeps step with the value of available goods. This protects MONEY 2.0 from 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, the total amount of interest in the system is drastically reduced, and the chance that money is obtained by those who require it as an exchange medium is significantly increased.
Independence: MONEY 2.0 does not depend on the current financial system – therefore, it cannot be 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 launched and run by any person or institution, without the cooperation or permission of an existing institution or authority.
Scalability: The MONEY 2.0 concept can be used to create a currency of any size – from family money (with only a handful of participants) to a large commercial market involving millions of traders.
Transparency: The software needed to run MONEY 2.0 is open source, and all relevant 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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