Sustainable Prosperity

"Building the world of the future with the money of the future."

Reconomy engages us in a massively-multiplayer, collaborative quest to build global sustainable prosperity by growing self-reliant, prosperous communities everywhere.

This begins at our Global Timebank [2], where our player-makers (Reconomists) trade valuable knowledge within a living library, hour-for-hour. Here, time-credit is created and tracked in individual accounts for helping grow, administer and scale this global trading platform to local communities. And each community platform can be newly configured. The result is a self-managing, self-scaling, open-source tool that gives each Reconomist the opportunity to pursue their personal vision of the world of the future.

Reconomy credit isn't money, so it can't be extracted to spend outside the trading platform. But credit value within the community platforms is tracked in units of national currency, rather than hours, to allow our members to use local credit side-by-side with national currency when trading goods and services. As with our Global Timebank, this community-credit is awarded for growing membership and helping others use our network, and additionally for helping develop and manage local People Power Stations (PPS) [3], which are our community-based makerspaces where renewable energy and other resources are developed and traded.

Each PPS significantly discounts the renewable energy it generates when traded for Reconomy's community credit, creating a demand for both the energy and the credit that thus impels and empowers persons and communities to develop and steward all their human and natural resources: water, food, sanitation, education, housing, art, etc - everything that can be accomplished with continuous access to energy, credit, and a global network of mutual support.

To acquire the technology and other tools that might not be possible to produce locally, such as mobiles and small-energy systems, Reconomists can individually or collaboratively purchase these with national currency through our global platform. In addition to using private resources for these acquisitions, each person has the option of joining the Reconomy Crowdfund, where small amounts from all members are pooled and awarded to projects voted best by the Crowdfund membership. Because imported tech and tools become part of the local public commons, the equivalent value of national money spent is also recorded as community credit in the personal community accounts of individuals contributors. Purchase power parity (PPP) [4] is how the buying power of money is multiplied in different nations, and that can be as much as 500% in emerging economies where money is scarce. PPP thus provides a bonus that helps Reconomists afford to play by profiting as entrepreneurs in a "fair trade" manner, as they employ local persons in community marketplaces that function as social enterprises. This further incentivizes creation of People Power Stations where they're needed most - in emerging regions where the PPP bonus is greatest.

Reconomists win by following their personal vision to build real-world communities that are open-source, open-network, and self-scaling, because a world filled with unique, prosperous and sustainable communities will be a prosperous and sustainable world for everyone.

Reconomy is free to join and play online. Join us here.

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