Description

Sybille Saint Girons and Carole Fabre:

"Libre-currency proposes a self-issuance, or co-creation of units by the people of the monetary

system for the people. Calculated on a mathematical equation with three variables: number of

human members alive, their average lifespan and monetary mass, it ensures symmetry on

space and time. As no material value is absolute in space and time, Libre-currency is rooted on

our unique common value among humans on Earth: being alive on Earth!

Symmetry in space: at a time T, everyone wherever he is, co-creates its part of money at the

same amount. Symmetry in time: an old generation could not co-issue more than the next, and

the next more than the former. Therefore it’s sustainable as it’s valuable for everyone everywhere;

no one can deprive others even next generations. Respect, innocuity and sovereignty are

embedded in the DNA of Libre-currency, as every human member is an equal co-creator of the

currency, independently of its production, unconditionally of its status. People are co-producing

their universal dividend because they are humans alive. Organizations can also be part of the

monetary system but they aren’t co-issuing units, only trading.

As Bitcoin, Libre-currency algorithm generates monetary units. But unlike data mining, here

algorithm relies on the three variables; unlike proof-of-work, it’s people’s proof-of-life that

determines recurrent and periodical creation of units (per day, week, month...). Thus each human

member’s wallet increases evenly according to the universal dividend co-created. Then members,

human or organizations, can use their units to sell and buy among them as any currency. A

blockchain ledger records either recurrent issuances or transactions exchanges.

According to experimentations, issuing money with Libre-currency creates favourable conditions

to behave toward social changes and sustainability, as it’s intrinsically fair, abundant,

transparent and decentralised. People are responsible, equal and free, and Libre-currency insures

durability and reliability.

Moreover each monetary community self-manages its Libre-currency. The only needs are a way to

regularly validate that people are alive meaning having a “proof-of-life” mechanism (e.g. through

web-of-trust-certification process) and a Libre-currency-algorithm-blockchain. Yet Libre-currency is

only solving monetary issuance, other mechanisms have to be set by the members (prices, taxes,

finances, marketplaces...)."

Status

Carole Fabre and Sybille Saint Girons:

"Three experimentations have been done (MONEY M, OPEN-UDC, UCOIN now DUNITER), three

software are developed (CESIUM web, SAKIA client, XXX android) and three Implementations are

running (MONEY M pioneer C2C, REAL-NET open worldwide B2B2C2C, SOUS local B2B2C).

Game “Trading Floor” (or its fork Ğeconomicus) is comparing Free-currency mechanisms with

Debt-currency, allowing players to confront quantitative and qualitative outcomes and attitudes

change (metrics would be presented). Furthermore players become aware of their own behaviours

in their exchanges depending on the currency used."