Chris Cook proposes institutions as mutual risk, cost, surplus, asset & data sharing agreements between people not institutions as public=state/municipality or private virtual legal persons (corporates) & instruments as assignable relationships/credits, not exchangeable virtual objects.
He thinks we may introduce 21st C distributed Treasury, Mint & Exchequer; “stock” credit instrument & network associations/clubs. Mutual/reciprocal ‘club’ agreements are complementary transcending jurisdiction & independent of law. eg P&I Clubs https://nondominium.co.uk/2021/01/11/protocols-promises-power-_20_11_20/…
Hi Stephen,
I like the clarity of this initiative. i’ve been working with Chris Cook for the last 18 months or so in the context of the Credit Commons – creditcommons.net.
This provides a simple and robust basis for accounting within and across associations of 146 clubs.
We’d love to help.
Dil Green
Thanks Dil! As you see I have made the site into a knowledgebase. I think we can cooperate to add all things mutual credit.