When someone has helped you out, acknowledge that
help on Villages.
Villages payments are a currency denominated credit limit
(In Village hours),
consisting of gentle promises made to the person who helped you out
to return the
favour at some point in the future. When you have received
a payment, you
can spend them to acknowledge others without having to issue any
promises of your own.
If there is a connection through the trust network
you to the person you're paying, Villages can transmit the
through the network using RumplePay,
the person who helped you, receives your payment as promises
from someone they
have endorsed, and your promises go to someone who has endorsed you.
Sometimes you will be on a path connecting another
to someone they're paying. For example, your friend Anne, who
have endorsed, might want to pay Bob, who has endorsed you,
does not know Anne. In this case, the system will find the path from
to you to Bob, and record the payment as Anne paying
and you paying Bob.
Anne's payment might not have meant that much
since he doesn't know her. Anne's payment has meaning to
since you have endorsed her, and your payment has meaning to
since you have endorsed him.
Backed by a Sustainable Hour's Wage
A sustainable hour's wage is different in every community but it always remains a
stable measure of value.
From this base, members negotiate a fair price for their products and
This is an effective and useful complementary currency system that can be used
anywhere in the world.
What is a sustainable wage in your community?