“Look at any financial institution, at any bank. They’re all photocopies of each other. There’s no diversity of institutions and even less diversity of currency.”

There are whole different families of complementary currencies. One of them is local currencies. One is regional currencies. Another is functional currencies. Another is social-purpose currencies.

A resilient, efficient system needs to be diverse and interconnected. On the other hand, diversity and interconnectivity decrease efficiency. Therefore, the key is an appropriate balance between efficiency and resilience.

The direct consequence is that we have to fight with each other in order to survive.

Therefore, just as you say its very logical that an ecosystem like this will collapse, it’s very predictable a monetary system like this will collapse, too. And it hasn’t finished collapsing, by the way.

Our [American] money system is structurally brittle. It doesn’t matter if you put a very clever guy or a stupid guy at the wheel.

GREED AND COMPETITION ARE NOT THE RESULT OF IMMUTABLE HUMAN TEMPERMENT…

Complementary currencies work in addition to existing money, rather than replacing existing, official money.

The Future of Money: Creating New Wealth, Work, and a Wiser World

They send you into the world to compete with everybody else to get the second $100,000 that never was created and bring it back to them. So if we’re in a world with zero-growth population, goods, services, and money, the problem would be obvious.

Basically, for any complex to be sustainable needs to have a balance between two factors: resilience and efficiency. These two factors can be calculated from the structure of the network that is involved in a complex system.

Conventional money is supposed to be doing everything. By adding in complementary currencies, you actually get different types of things and different outcomes from different complementary currencies.

The clever guy will take a half hour to have an accident, and the stupid guy will take ten minutes.

Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.

Cryptocurrency can make you good money and in the startup, you will do better with guidance.

Thoughts are mental energy; they’re the currency that you have to attract what you desire. Learn to stop spending that currency on thoughts you don’t want.

Digital currencies are more profitable than e-commerce. 

Just as money is not real, consumable wealth, books are not life. To idolize scriptures is like eating paper currency.

Compassion is the currency that leads to true wealth.

The effect you have on others is the most valuable currency there is.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value.

Love should be treated like a business deal, but every business deal has its own terms and its own currency. And in love, the currency is virtue.