Quote from: yvv on March 06, 2016, 03:33:44 pm

Quote

So there is a need for new feature for asset: it's value should be able to go negative.

It does not matter if there is a minus sign in front of the value, or it is written in a separate "liability" column. When you issued a token, it has to be reflected in your account budget. This is your debt.

Yeah, but how to do this in a user-friendly way?

Localmoney/timebank/etc systems are not going to be able serve large crowds, but they can work in a small groups where most of the people know each other. I don't see a big market there for Bitshares, but it would be nice to have those people onboard too, especially if it doesn't require much customization.

Self powering nature of community currencies could spread like a wild fire once their benefits are thoroughly understood,  yes they dont serve large crowds in the sense national currencies do but the diversity they provide can set a much more robust and resilient financial system . And if a platform like BitShares can function as a credit clearing exchange system by utilising market makers and pathfinding mechanisms across its markets people will create their own currencies. The idea here is to have hundreds of thousands of communities using one platform so their credit can find corresponding value. At the end of the day the goal is to exchange values, and value is not in tools like money or numbers you use but in individuals . Otherwise we will keep inventing debt based solutions. 

I highly recommend you to watch this video :  https://youtu.be/wdyQqgmkwiM
http://www.qoin.org

This is a must and a killer feature to make BitShares a universal platform. This could enable thousands or even millions of community currencies to function on BitShares.  A real resilient ecosystem with diversity , just like a jungle full of vibrant organisms complimenting each other. Well done Akado for bringing this up !  I always dreamed of this but couldn't articulate, autobridging is a good way to express it .

Quote from: bitacer on March 04, 2016, 06:50:58 pm

Quote from: Samupaha on March 04, 2016, 06:02:26 pm

Seems like User Issued Assets could be very useful for him: https://bitshares.org/technology/user-issued-assets/

Yes , but it seems that all those I contacted dont want features of a typical money, in fact they are not interested in money at all. Most of them interested in some sort of credit system where users are credited and debited with assets such as units of time . With UIAs you can either have it or not, you cant be minus.

Good point, didn't think of that.

So there is a need for new feature for asset: it's value should be able to go negative. Or maybe a new asset type? This shouldn't be too difficult to implement?

Question then is, who will pay for it? Probably those users should fund it who will need it. If these local money people have software developers in their group, maybe they can implement it themselves and Bitshares needs only to accept it into the blockchain. This would be the easiest way. They will get to use a great blockchain and don't need to build their own. They can focus on user experience and UI and leave the rest of the stuff for Bitshares.

Some guys from either from Germany or Switzerland  have this idea where users create their own time based vouchers currencies - they call it Minutos . Very interesting idea. http://www.minutoportal.info/data/en/Minuto-informations-Dez2013.pdf . In their system one can create his or her own time vouchers but there is a catch two other person must back him up by stamping and signing his voucher along their detailed info like addressed and all that. They also predetermine and record on vouchers how many years his voucher will be valid for. Very cool idea. Minutos https://www.youtube.com/watch?v=CU8OCx_MO4E

18:47] Server connection rejected: Wrong certificate or password.
[18:50] Connecting to server mumble.beyondbitcoinshow.com.
[18:50] Connected.
[18:50] Server connection rejected: Wrong password.
[18:51] Reconnecting.
[18:51] Connected.
[18:51] Server connection rejected: Wrong password.

This is from someone else that I contacted about bitshares.

Thanks bitacer,

I've been thinking about blockchains for some years, but I never had a
developer other than myself to play with.
What I think is needed is a customised blockchain because credit
issuance is not at all like bitcoin issuance or like digital assets, and
I want to work with trust instead of trustlessness.
Here is some of my thinking on that if you are interested.
https://docs.google.com/document/d/12zpjKmEQ9vWMYJz9BcNMgiDq6kbNfT5iZoQd1vJ1FpA/edit#
Matthew

Find out more about my work in local money systems:
Twitter: @matslats
http://matslats.net
http://matslats.net/complementary_currencies
Co-founder & CTO Community Forge[http://communityforge.net/]
Lead developer, Community Exchange
Systems[http://community-exchange.org/]
Maintainer, Global Ecovillage Network
'Sites'[http://sites.ecovillage.org/]

Could Terra be designed as a market pegged asset ?

https://www.scribd.com/fullscreen/31636027?access_key=key-2bl3i0sqj31mkpdaifql&allow_share=true&escape=false&view_mode=scroll

bitacer,

I did check the Bitshare 2.0 Whitepaper and other docs and I'm not quite sure if this platform would  fit for something as moneygrid.
Maybe you can answer a few question that I coudn't find an answer.
Does BS 2,0 using Proof of Stake?
Is it fully permissioned and Turing complete?
Is it capable of running multichains?
Our focus at the moment is more in direction to Eris, Tendermint or Bigchain DB. As you see we need more a distributed DB than a shared ledger. But of course it depends on ones view what could be seen as a distributed DB or a shared ledger.

P.S:  Moneygrid is ment to be run merely in a trusted and private environment.


Cheers Lucas

moneygrid.net a project by FleXibles
Lucas C. Huber | techno-social engineer
lh@codoo.io | @moneygrid | Switzerland

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