Rephrasing the topic as 'federated bookkeeping'

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Michiel de Jong

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Dec 16, 2020, 7:51:34 AM12/16/20
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At some level, money is just data.
When I started this mailing list, I chose 'network ledger technology' as a term because it sounds fancy, as a next step after 'distributed ledger technology'.

But the more I think about why I want to help build a system like LedgerLoops, RumplePay, Interledger, LETS, etcetera, the more I think in terms of "personal bookkeeping, federated".

I also felt it was a bit weird that the description of this mailing list linked to a definition on my personal blog. So I changed the group description - to mean the same thing, but described from the user angle, rather than from the technology/disruption angle.

I also ran into this newly founded W3C group by the way, whose name seems to be related:

Maybe Federated Commerce is a superset of Federated Bookkeeping?

In the LedgerLoops project, I'm looking more and more towards a combination of several functions into one software product:
- a personal budget app, where you import your bank statements and control your monthly spending
- a "group tabs" app for bookkeeping between a group of friends (and maybe related, a bill splitting app)
- hours admin for freelancers (this is mainly a personal itch to scratch)

So it would very much be a bookkeeping app first, and federated second. In the current prototype, the data is stored in the user's Solid pod.


Cheers,
Michiel

Michiel de Jong

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Jan 14, 2021, 4:15:24 AMJan 14
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Or equivalently, P2P Accounting, which is a term used in https://p2pfoundation.net/wp-content/uploads/2019/06/AccountingForPlanetarySurvival_def.pdf - I'm happy to have stumbled upon this while searching for synonyms!

Reading it now, but from first looks, it sounds like "Federated Bookkeeping" and "P2P Accounting" are probably close synonyms. Awesome to see more people are thinking about it!

Cheers,
Michiel

Antonio Rodríguez S.

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Jan 21, 2021, 6:25:10 AMJan 21
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Hello Michiel, thanks for sharing this link. I'm very fascinated about the topic, I'll take a look to the PDF and come back with my impressions.

Enjoy the reading too
Antonio.

Antonio Rodríguez S.

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Jan 27, 2021, 7:54:21 AMJan 27
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The report "Accounting for Planetary Survival"  is very comprehensive and handles many projects and promising initiatives for a human centric and sustainable economics. Specially Holochain, FairCoop and Trustlines attracted my interest. I must take a closer look to the different Initiatives after this first read.

Keep going
Antonio.  

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