8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

1/12

Definition of a free money

St

phane Laborde RMLL 2011

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

2/12

Different definitions ofmoney

In order of historical development

Money as a specific value (gold, silver...)

Money as a debt on a specific value (gold standard) Money as a debt on any value (fractionnal reserve)

Money as a fixed mutual credit on any value (SEL)

Free money

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

3/12

What could be a free money?

Definition : a free money should be a money

allowing economical freedoms

To allow freedom for you and others, you should

not use a money that is not defined as allowing

economical freedom

Ex : a money defined as a reserve of value is not

defined to allow freedom, but as a try to storevalue

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

4/12

Economical freedom

Economical freedoms are defined as :

Liberty of access to resources

Liberty to produce

Liberty to exchange within the money

A constraint of freedom is very different of what is

used to define what we usually name money.

Freedom is defined relatively to any individual as

no constraint to others, as well as liberty for

others. It's a symmetrical extended law.

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

5/12

Free money / Open-UDC

Definition of a free money

A free money is a tool choosed by a community,

allowing universal exchanges inside it, and

allowing economical freedom.

A community includes present (space freedom) and

future (time freedom) members. Any individual

has a limited life expectancy.

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

6/12

Money is not

Money is not a software, you cannot duplicate it

with no limits.

Money is not a communication protocol allowing

transfers with no limits.

Money is a protocol with a imited (but not fix)with a imited (but not fix)

quantity of a universal (= inside a community)quantity of a universal (= inside a community)

agreementagreement, allowing exchanges of space, time,teaching, materials, energy, which are values (t)

at any time (t), and are in progressive

transformation

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

7/12

Understanding timesymmetry

graph by Luc Fievet, Thorie Relative de la Monnaie 2.0 GPL v3 / Blender

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

8/12

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

9/12

Open-UDC free money rules

Democratic definition of community rules

Liberty to access ressources

Liberty to produce Liberty to exchange

Based of Thorie Relative de la Monnaie 2.0published in 2011

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

10/12

Open-UDC money rules

Initialisation of democratical agreement (t) of a new

member as a 2/3 of members aprovals.

UD(n+1) = max [ UD(n); c M(n) / N(n) ]

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

11/12

Conclusion

A money defined on liberties apply symmetric

laws, because liberty is a symmetric law

Free money is a definition of money creation

between people accepting a symmetric code tomake exchanges respecting economical freedom.

Free money as defined by Open-UDC has value at

any time only because it is accepted to makeexchanges by individuals, considered as the only

universal value.

8/3/2019 Prsentation des liberts qui dfinissent une monnaie libre

12/12

Questions / Answers

Enf of the presentation