Category: FAQ

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. […]

FAQ: Why do you ask for donations in cash if you’re building a system that uses something other than cash? Some people call projects like ours “alternative currency”. Legally and philosophically, we are not this. Legally, mutual credit is a type of accounting system that was made legal via The Exchange and Fiscal Responsibility Act […]