Socially Embedded Currencies and Demurrage

The beauty of socially embedded currencies lies in preventing money from being accumulated as capital against people or used to exploit. It promotes a roughly egalitarian social access to the exchange system, addressing historical issues of markets being exploitative. Through demurrage, currencies are designed with a death cycle, where a percentage of the value expires, discouraging hoarding and ensuring circulation within communities. This approach contrasts with the perils of owning the future through debt, as highlighted in David Graeber's book 'Debt'.

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