Interview: Community currency engineer Matthew Slater
Instantly, you can tell Matthew Slater is an intelligent and principled guy. Slater has been working all around the world these past few years, trying to develop software for mutual credit economies with the aim of eventually uniting all such economies. Mutual credit economies, at the absolute ELI5 level, function like a system of IOUs. Everyone has enough money/ credit from the start to live off, and loans are interest-free and dealt with by the participating parties. These economies struggle when scaled beyond a certain number of people because of the ease of exploiting negative balances....
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