only connect

This software is (a little) like a virtual bank - you can use it to set up trading accounts and use those accounts to trade in whatever virtual community currency (cc) you choose to join.

However, it just supports connections, it doesn't control them.  There isn't any organization or institution at the centre - you aren't running an account of your balance with any virtual "bank".   (and there isn't any "real" money anywhere in this site )

It just helps you keep score and record what you choose.  It only records statements made by trading accounts of their transfers of cc to other trading accounts, generating a set of double-entry books written entirely by users.

This is really the only way to think of normal money - it comes and goes and the level in our barrel rises and falls.  

We're in the middle of a cascade - hoping it keeps coming as fast as it's going.

A virtual money can be considered as though it had a virtual level rising and falling in a virtual container.  

 
So payment in a virtual money system means the level of one trading account goes down and another trading account goes up by the same amount.  

 
A system of accounts trading in this way is only stable and sustainable when it has a closed group of accounts.  The money only goes round / must go round.  

Multiple is of course possible, so inevitable.

Inter-domain trading makes open money scaleable.  

On this site, any virtual money or cc system can be considered as an oscillation up and down in a network of users, who are in some level of agreement about their use of the cc - 

• what is the unit of measure of this cc system?
• is the cc open to any trading accounts or only authentic users?
• is this cc a game or is it something real?
  

 next