Better Money
summary
Circles defines money as one unique personal token per account with one unit per hour continuous issuance and 7% demurrage, proving the system converges to a stable supply and a zero marginal “tax” point. Payments route over a web-of-trust so vendors accept unknown issuers via trusted intermediaries; a Berlin farmers market and over 100,000 accounts in the 2020 rollout show real usage. Circles 2.0 adds groups/attestations to bundle personal currencies into fungible communities and a developer release is already available.
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chapters (15)
- 0:00Intro: Martin & “Better Money”
- 0:59Defining “Circles”
- 2:58Idea #1: Single Issuance
- 4:08Idea #2: Per-Person, Over Time
- 5:16Idea #3: Demurrage
- 7:00All Combined: Equilibrium
- 8:30Each Person Has Their Own Token
- 9:06The Trust System
- 12:00Circles in 2020 Launch
- 13:20Using Circles in Berlin
- 16:00Circles as Radical Approach
- 17:57Relational ID Concept
- 18:37Circles 2.0 & Groups
- 19:40Developer Release & Next Steps
- 20:15Final Thoughts + QR








