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Will Ruddick's avatar

p.s. There is a reasons I didn't mention Fureai Kippu in the article, despite having a lot of respect for it.

After three trips to Japan, I found that many of the community currencies and complementary currency experiments I had been reading about no longer existed. Not just Fureai Kippu-related projects, but many of the systems influenced by Bernard Lietaer's work as well.

What struck me was a categorization problem that I now see almost everywhere.

People often treat coordination as a subset of money.

I think it is the opposite.

Money, currencies, mutual credit, voucher, community currencies, trade credits, loyalty points, and all kinds of fungible units are actually a small subset of a MUCH larger family of coordination systems.

When we become fixated on the token, the currency, or the unit being exchanged, we can end up missing the deeper pattern that made the system work in the first place.

To me, Yui points toward that larger pattern.

Yui is not a currency.

It is not even necessarily an accounting system.

It is a way of tying people, capacities, responsibilities, and commitments together.

That is one reason I became increasingly interested in the phrase **commitment pooling**. It feels closer to the underlying phenomenon.

Currencies can fit inside commitment pools as one form of commitment.

But commitment pooling does not require currencies.

A village work party is commitment pooling.

A fungal network is commitment pooling.

A cooperative harvest is commitment pooling.

A community kitchen is commitment pooling.

A family caring for an elder is commitment pooling.

The reason I gradually shifted away from focusing primarily on community currencies is that I watched so many of them struggle or disappear. Again and again they required extraordinary maintenance, subsidies, institutional support, or the gravitational pull of a national currency to keep functioning.

Meanwhile, humans have been pooling commitments successfully for thousands of years.

Long before money.

Long before accounting.

Long before economics became a discipline.

So while Fureai Kippu is fascinating, I increasingly see it as one particular expression of a much older and much larger pattern.

Yui, at least as I am using it, points me toward the study of cooperation itself rather than toward any specific monetary implementation.

And honestly, that's where the really fun rabbit hole begins.

Cari Taylor's avatar

*bow* - in recognition

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