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| Project: | Community Accounting |
| Version: | 6.x-2.1 |
| Component: | Transactions |
| Category: | feature request |
| Priority: | normal |
| Assigned: | Unassigned |
| Status: | postponed |
Issue Summary
I thought I would request a feature whereas an initial balance can be set up for new members. So when someone signs up to the Drupal, the new member can start off with a balance determined by the Admin. 1 bead for instance. It is an incentive to use the system if someone can obtain something first. Most people, by nature, are used to being opportunistic. So it's a good bridge to introduce them to the idea of mutual benefit. I imagine once obtaining, they will be interested in more and thus, serve. This is useful and allows both types of personalities to be equally attracted to the system.
Another feature similar to this would be creating a balance out of thin air. This would be useful for inflating/deflating "time based" currency when recession occurs as a result of people serving more than they are taking or vice versa.
Another feature related to this might be also including expiration date or penalty. So the longer a balance is held, the less it is worth. This may encourage spending in very charitable communities and can be disabled in opportunistic communities. This helps prevent recession by discouraging "hoarding."
Comments
#1
Hi,
All worthy requests but not all financially sound. But then not all complementary currencies are 'financial'. So.
Initial balance - this is easy with a bit of glue code, but it's not a core option. the problem for me is that many schemes give credit to new members and they create it from nothing. Which is fraud. You haven't really given them anything unless some account in the system is ultimately obliged to redeem that credit. Better to issue new users with a credit limit. Invite them to spend before they earn and to go into 'obligation' - that is the gift, not free money.
What you need to impress on your users is that its OK to be in debt to the community - there is no community without obligation, and this is interest free debt.
Similarly if you want to issue money from nothing, the way that's done in mutual credit is to designate an issuing account. which doesn't have to get back to zero, but as I've explained to you elsewhere, that's fiat money, and comes with risks of its own.
The 'holding cost' is much discussed. In small communities, it makes no measurable difference, so I haven't coded it yet. It would be a separate module, not very complicated, but until people start giving me money I make my own roadmap :)
#2