Token economy

From Izara Community
Jump to navigation Jump to search

Level 6 concept (High) - Important concept an Izara Community should implement and maintain

Overview

In order for communities to achieve self-sufficiency and develop an economy that is not dependent on external power structures a method of rewarding tasks and popular activities can be created and managed by the community.

A token currency could be implemented, all aspects of which are determined by self governance.

Distribution of wealth

Wealth in a capitalistic society is a primary method of concentrating power, with self governance the community can dictate the value of different tasks people perform and limitations on wealth.

Rewarding ability

The community can determine what skills are considered valuable and allocate tokens accordingly. The scientific method can be used to regularly test multiple people to see who achieves desired metrics the most effectively and reward them accordingly.

Related concepts