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Monetary Morphogenesis
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MONETARY MORPHOGENESIS is an IT-enabled process of decentralized structuring, creation, evaluation, trading and redeeming of privately issued currencies. Via IT, the currencies are constantly being compacted within a network topologically close to the issuer, allowing a peer-to-peer settlement of the exchange process within the economy, and a collective-intelligence, peer-to-peer control over the money system without a centralized body. The concept implements the ideas of on producer-issued credit and separation of money from the state, and ’s concept of denationalization of money and competition between currencies as the best long-term guarantee of the stability of the money system. Monetary Morphogenesis eliminates fractional-reserve assets and claims from the money system, allowing interest-free exchange and credit clearing within the economy, providing an alternative to the current centralized, nationalistic, debt-based, fractional-reserve based system of money with one which is IT based, largely interest-free, decentralized and peer-to-peer. References and sources Monetary-morphogenesis.org Quantum Money Book See Also
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