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Old ReSource Whitepaper V1.0
  • 00 Glossary
  • 01 Executive Summary
  • 02 Mutual Credit
    • 2.1 Definitions and Rationale
    • 2.2 History
    • 2.2.1 WIR Bank
    • 2.2.2 Modern Multilateral Barter Networks
    • 2.3 Mutual Credit on the Blockchain
    • 2.4 The Basic Economic Questions for DLT-based Mutual Credit Systems
  • 03 The ReSource Protocol
    • 3.1 Introduction
    • 3.1.1 Distributed debt collection and obligation enforcement
    • 3.1.2 Distributed risk management
    • 3.2 Underwriting and risk assumption
    • 3.2.1 The Underwriting process - a breakdown
    • 3.3 Ambassadors and network administration
    • 3.4 Monetary Flow , Reserves and Default Insurance
    • 3.4.1 Default Insurance
    • 3.4.2 SOURCE Reserve and stable coin pegging mechanism
    • 3.4.3 rUSD on the Open Market
    • 3.4.4 SOURCE Token Dynamics
  • 04 Protocol and Network Governance
    • 04 Protocol and Network Governance
    • 4.1 Reputation
    • 4.2 SOURCE Governance Token
    • 4.3 Initial SOURCE Allocation and Distribution
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  1. 02 Mutual Credit

2.2.2 Modern Multilateral Barter Networks

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Last updated 3 years ago

The liquidity-extending properties of mutual credit applications have not eluded the for-profit commercial sector. To date, there are several local and a few global mutual credit networks operating world-wide, alongside a long list of cooperatives and nonprofits.

Institutions such as and allow their members to barter their products and services without relying on cash deposits. In contrast to WIR, these networks are normally not categorized as financial institutions and do not offer credit products, but are typically introduced as means to “save cash” and utilize excess resources.

In the nonprofit sector, Local exchange trading systems (LETS) have been extensively employed to facilitate social cohesion and to mitigate the hardship of underserved communities, especially in times of economic downturns. Notable examples are the South-African CES, which at its peak served members in over 99 countries; and the multiple LETS networks in the UK and continental Europe.

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