FAQ: Is this a blockchain project?
No. We are mutual credit. Mutual credit takes 2 forms in the United States: Business Trade Networks (price-based and taxable)and Time Banks (time-based and volunteer led). Both of those have existing legal and tax compliance issues going back as far as The Exchange and Fiscal Responsibility Act of 1982. Since our US partner projects using our code must be compliant to those laws and regulations, we are maintaining our stable code as mutual credit.
We are in learning and observation mode with blockchain and are following many interesting projects! As our R+D arm grows, we hope to find ways to learn how these two legally different forms of payment and exchange can collaborate.
- If you’d like to help support our project in the old-fashioned way, you can donate via our Open Collective Page.
- If you’d like to see or contribute to our code, you can view our github page.
- Yes, that’s a picture of a bike chain, not a blockchain. Just seeing if you’re paying attention.