FreeBank is a cryptocurrency that solves the blockchain scalability problem. Each constituent member of the FreeBank system owns their own blockchain so to retain sovereignty over their personal data trail and establish a personal currency based on their work reputation and integrity. Each currency within the FreeBank system can exchange freely with any other FreeBank…
More Middle Class Job Losses on the Horizon? Time to Make Our Own Way
Banks have been raising rates. They do this when they feel the economy is becoming unstable and they want to slow it down. Usually the next thing is we have a recession. Following 2008, after the economy restructured itself, we lost a lot of good middle income jobs. As a result we have an increase…
Absorbing LETS (Local Exchange Transaction Systems)
We believe that by creating a local currency FreeBank can absorb the role of a Local Exchange Transaction System (LETS). In recent years LETS have become increasingly popular in meeting local currency needs, however, FreeBank is far more capable than any LETS. Important distinctions between FreeBank and the LETS concept include the following: * FreeBank…
A Token Economy for the Family Home
Applied as a family computer game, FreeBank can create a token economy for children and adolescents FreeBank is a protocol with many potential uses, including gaming. One interesting example is a family game designed to create a micro-currency within the family home. It is intended to incentivize a child or adolescent to do their chores by…
Lonergan Economics and FreeBank
Enabling Lonergan’s Economics as a Stable Evolutionary Strategy Implementing Lonegan’s rules of crossover flows, namely establishing equilibrium between the basic circuit and the surplus circuit, has proved problematic since the inception of the idea. FreeBank is a blockchain based currency system designed to balance these two macroeconomic circuits as an evolutionary stable strategy. This is…