Can Local Contribution-Based Currencies Replace Crypto?

3 pointsmzk_pi7mo ago6 comments

We’re developing a P2P protocol where currency is issued and extinguished based on actual contributions and trust — not ownership, profit, or competition.

It’s designed to avoid inflation, exclusion, and market closure by structuring value around verifiable action and shared trust, not speculation.

There are no gatekeepers. No centralized evaluation. No fixed market limits.

All definitions, structural proofs, and implementation principles are open on GitHub:

GitHub: https://github.com/contribution-protocol/contribution-protocol-project

We welcome feedback from engineers, economists, and anyone interested in post-capitalist design.

This structure is already in use in a local community. Do you think local currencies might hold more promise than cryptocurrencies?

6 comments

nivertech7mo ago

There are countless implementations of LETS[1] and time-based currencies[2], both physical and virtual.

None of them succeeded, except one[3] which can be used for making actual purchases at gas stations and stores in Canada.

I'm not sure what you are bringing to the table here.

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1. https://en.wikipedia.org/wiki/Local_exchange_trading_system

2. https://en.wikipedia.org/wiki/Time-based_currency

3. https://en.wikipedia.org/wiki/Canadian_Tire_money

mzk_piOP7mo ago

Thank you for the information; I learned a lot. Regarding the LETS issue of “services not expanding,” this protocol was originally designed as an emergency disaster prevention system, so it’s fine even if a single community doesn’t expand excessively.

Time-based currency has a similar orientation. The challenges of skill value imbalance and the difficulty of sustainable operation due to declining motivation are indeed present. Each local operating organization should run a PDCA cycle to evaluate and improve, and AI-based fair evaluation support could also be effective.

The “limited scope of use” and “dependence on the issuing company” problems of Canadian Tire money are addressed in this protocol by allowing communities around the world to autonomously issue currency without relying on a single company.

We want to offer this protocol free of charge to talented engineers worldwide.

nivertech7mo ago

> an emergency disaster prevention system

How it work during an emergency / disaster?

1 more reply

sunscream897mo ago

This is very fine.

I have long dreamed of how exactly all this could be of useful utility to real people and real places and real [community of] things.

I don’t know everything you have going on here, though I like what I see so far.

I have wished for similar ideas around functional communities who actually still have brick and mortar terminal interests. It’s a big leap these communities going digital, however the economies they generate within themselves could have long term “share cooperative” value.

It could be like a currency with a running exchange (cash and carry) however what it is in one part (token) a value share, and in another (non fungible) like a voting right (contributor.)

Anyways, yes, local value systems that aren’t public blockchain have a place in the world.

mzk_piOP7mo ago

Thanks！ A locally-rooted value system that is not based on a public blockchain can become a gentle value-creation mechanism, tailored to the climate and culture of the region. In one community, such a system is currently being operated using analog methods, though certain management challenges have begun to surface. However, even without smart contracts, we believe the same concept can be implemented relatively simply within the community by utilizing a database.

Please also see the discussion^^ https://github.com/contribution-protocol/contribution-protoc...

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Can Local Contribution-Based Currencies Replace Crypto?

3 pointsmzk_pi7mo ago6 comments

We’re developing a P2P protocol where currency is issued and extinguished based on actual contributions and trust — not ownership, profit, or competition.

It’s designed to avoid inflation, exclusion, and market closure by structuring value around verifiable action and shared trust, not speculation.

There are no gatekeepers. No centralized evaluation. No fixed market limits.

All definitions, structural proofs, and implementation principles are open on GitHub:

GitHub: https://github.com/contribution-protocol/contribution-protocol-project

We welcome feedback from engineers, economists, and anyone interested in post-capitalist design.

This structure is already in use in a local community. Do you think local currencies might hold more promise than cryptocurrencies?

6 comments

nivertech7mo ago

There are countless implementations of LETS[1] and time-based currencies[2], both physical and virtual.

None of them succeeded, except one[3] which can be used for making actual purchases at gas stations and stores in Canada.

I'm not sure what you are bringing to the table here.

---

1. https://en.wikipedia.org/wiki/Local_exchange_trading_system

2. https://en.wikipedia.org/wiki/Time-based_currency

3. https://en.wikipedia.org/wiki/Canadian_Tire_money

mzk_piOP7mo ago

We want to offer this protocol free of charge to talented engineers worldwide.

nivertech7mo ago

> an emergency disaster prevention system

How it work during an emergency / disaster?

1 more reply

sunscream897mo ago

This is very fine.

I have long dreamed of how exactly all this could be of useful utility to real people and real places and real [community of] things.

I don’t know everything you have going on here, though I like what I see so far.

It could be like a currency with a running exchange (cash and carry) however what it is in one part (token) a value share, and in another (non fungible) like a voting right (contributor.)

Anyways, yes, local value systems that aren’t public blockchain have a place in the world.

mzk_piOP7mo ago

Please also see the discussion^^ https://github.com/contribution-protocol/contribution-protoc...

j / k navigate · click thread line to collapse