Comments on: BootKarma announced- Complementary Currency for the Bootstrap Network http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/ Kevin Koym on Innovation and Entrepreneurship Sat, 22 Nov 2008 11:13:12 +0000 http://wordpress.org/?v=2.6 By: HeresTomWithTheWeather http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-57 HeresTomWithTheWeather Wed, 21 Mar 2007 06:13:26 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-57 I'll make another iteration on the wiki after our next mutual credit system policy meeting on thursday. you're doing a great job spreading the word. i browsed technorati and the feedback from your sxsw presentation seems very positive (as i knew it would be) cheers, tom I’ll make another iteration on the wiki after our next mutual credit system policy meeting on thursday.

you’re doing a great job spreading the word. i browsed technorati and the feedback from your sxsw presentation seems very positive (as i knew it would be)

cheers,
tom

]]> By: Kevin http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-56 Kevin Wed, 21 Mar 2007 00:59:31 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-56 Hey guys, thank you very much for this discussion- I would like to take this discussion and enhance it with a tie into our wiki- we have an initial discussion (or statement about Complementary Currency) here (authored originally I think by Tom.) Would you guys be willing to share your thoughts together here so that we can develop this even farther? (If you would rather discuss this on the blog instead, that is cool too, either way). <a href= "http://www.exponentialentrepreneurship.com/wiki/index.php/Complementary_Currency" target = new rel="nofollow">Here is a link to the page on complementary currency on the Exponential Entrepreneurship wiki.</a> Either way, thank you very much for your comments, I GREATLY appreciate them. Thanks! Hey guys, thank you very much for this discussion- I would like to take this discussion and enhance it with a tie into our wiki- we have an initial discussion (or statement about Complementary Currency) here (authored originally I think by Tom.) Would you guys be willing to share your thoughts together here so that we can develop this even farther? (If you would rather discuss this on the blog instead, that is cool too, either way). Here is a link to the page on complementary currency on the Exponential Entrepreneurship wiki.

Either way, thank you very much for your comments, I GREATLY appreciate them. Thanks!

]]> By: HeresTomWithTheWeather http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-55 HeresTomWithTheWeather Tue, 20 Mar 2007 23:28:16 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-55 hi chris, sorry, i should have added the phrase "in a transaction" to the end of "what do we call a non-barter currency where goods/services only flow one way?" because it is important to distinguish exchange (which includes barter) from payment (which does not), i use lietaer's "means of payment" definition for money. hi chris,

sorry, i should have added the phrase “in a transaction” to the end of “what do we call a non-barter currency where goods/services only flow one way?”

because it is important to distinguish exchange (which includes barter) from payment (which does not), i use lietaer’s “means of payment” definition for money.

]]> By: Chris Lindstrom http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-54 Chris Lindstrom Tue, 20 Mar 2007 21:18:29 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-54 Hi Tom, By "one way" I suppose you mean frequent flyer points? I believe you would call this a "loyalty points" complementary currency. It is debatable that this is "money" which has become a completely convoluted word. It depends on where your coming from. In the dictionary its says that money is "the current medium of exchange in the form of bank notes and coins." But this is a total manipulation and total deviation from the Federal Reserves own definition of money. Money, I believe is anything that serves as a medium of exchange. But I digress. Hi Tom,
By “one way” I suppose you mean frequent flyer points? I believe you would call this a “loyalty points” complementary currency. It is debatable that this is “money” which has become a completely convoluted word. It depends on where your coming from. In the dictionary its says that money is “the current medium of exchange in the form of bank notes and coins.” But this is a total manipulation and total deviation from the Federal Reserves own definition of money. Money, I believe is anything that serves as a medium of exchange. But I digress.

]]> By: HeresTomWithTheWeather http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-53 HeresTomWithTheWeather Tue, 20 Mar 2007 04:44:38 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-53 i'll go with the pretentious sounding common tender as it hopefully makes clear two important distinctions about these payments: 1. they are not barter 2. they have no legal rights i’ll go with the pretentious sounding common tender as it hopefully makes clear two important distinctions about these payments:

1. they are not barter
2. they have no legal rights

]]> By: HeresTomWithTheWeather http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-51 HeresTomWithTheWeather Mon, 19 Mar 2007 19:49:53 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-51 Hi Chris, I will reluctantly "admit" to it, too, but then what do we call a non-barter currency where goods/services only flow one way? If we call it money, then what do we call non-legal tender money? Hi Chris,

I will reluctantly “admit” to it, too, but then what do we call a non-barter currency where goods/services only flow one way? If we call it money, then what do we call non-legal tender money?

]]> By: Chris Lindstrom http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-50 Chris Lindstrom Mon, 19 Mar 2007 15:56:17 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-50 Dear Tom, I would debate this. From my understanding "Barter" is a complementary currency. Complementary currencies are any currency that circulates alongside the national currency. Bernard Lietaer will reluctantly admit to this. -Chris Dear Tom,
I would debate this. From my understanding “Barter” is a complementary currency. Complementary currencies are any currency that circulates alongside the national currency. Bernard Lietaer will reluctantly admit to this.
-Chris

]]> By: Kevin http://www.kevinkoym.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-46 Kevin Thu, 15 Mar 2007 15:04:19 +0000 http://www.exponentialentrepreneurship.com/blog/2007/03/14/bootkarma-announced-complementary-currency-for-the-bootstrap-network/#comment-46 Tom sent me an email to give me some further insight about the distinction between barter and complementary currency systems. I want to make sure that this information is captured here- so I will include his full email to me in this comment- for others that are a part of this conversation. Here is his email to me. Thank you Tom for keeping me in the loop on this. By the way, Tom's blog can be found at http://herestomwiththeweather.blogspot.com/ hi kevin, with barter, there is a bilateral exchange of goods/services for goods/services. this is taxed. with complementary currency, goods/services are transferred in one direction for a socially agreed-upon payment in the other direction. this is not taxed. it's more educational for the target audience to tell them "complementary currency is not barter!" than to say "complementary currency is like barter" cheers, tom Tom sent me an email to give me some further insight about the distinction between barter and complementary currency systems. I want to make sure that this information is captured here- so I will include his full email to me in this comment- for others that are a part of this conversation. Here is his email to me. Thank you Tom for keeping me in the loop on this. By the way, Tom’s blog can be found at http://herestomwiththeweather.blogspot.com/

hi kevin,

with barter, there is a bilateral exchange of
goods/services for goods/services. this is taxed.

with complementary currency, goods/services are
transferred in one direction for a socially
agreed-upon payment in the other direction. this is
not taxed.

it’s more educational for the target audience to tell
them “complementary currency is not barter!” than to
say “complementary currency is like barter”

cheers,
tom

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