OWS Currency

Currency Types

We're deploying an alternative currency system for participants at Occupy Wall Street. We will document our experience and how the system is working with the intention of providing other people occupying spaces around the world with the information they need to create their own currency solutions.

We will be deploying some of the modules developed by CommunityForge.net.

The system is still being assembled but it will have the following features:

Offers/Wants >> Gifting People post what they want or what they offer. This supports a gifting culture. Posts can be recorded as 'fulfilled,' resuling in a recording of the transaction, but no currency changes hands.

Mutual Credits >> Circular Barter People create their own IOUs with each other and record them in the system. Each person is asked to maintain an average balance around 0 to achieve maximum system stability.

User Points >> Reserve Notes The General Assembly can print 'notes' to reward people who perform tasks. Those notes can be redeemed through a general store (online), affiliated stores (online/offline) and through media (offline.)