In previous posts, I have highlighted the efforts of an activist group and an institute-type entity that could potentially become independent currency issuers. This time, I would like to focus on the activities represented by the PSPad brand. (Note: There is no direct relation between the tyaga.org and PSPad brands other than the latter’s text editor being used by the former for coding projects.)
Based on its voluntary donation system, it may be safely assumed that the PSPad text editor was created out of self-determined purpose and effort. That is, in reading through the PSPad web pages, especially in the donation page, the reader could get a sense that the author was not externally coerced to do the project, in the same way that there is no obligation for a user to pay for the software. Of course, there must have been various incentives for the author to start on the endeavor, but I doubt that the incentives involved guaranteed material rewards. The fact that self-determined obligation, in itself, could result in a high quality product, such as the PSPad text editor, is evidence of entity specialization, mission statements and goals as bases for currency unit creation.
But there is another aspect that makes PSPad a good candidate for becoming a potential currency issuing entity within a satconomy framework. Upon scrolling down PSPad’s donation page, the reader will find currency inflow entries in units of US$. So besides tyaga.org, there is at least one other market entity on the internet that publishes a publicly auditable, open ledger. I’m sure there are more examples that I could reference, and sometime this year, the website that I’m working on for a nonprofit would belong in those examples. However, I should also point out that tyaga.org’s ledger demonstration also includes published currency outflow (in addition to inflow) while also offering a facilitated mechanism for public audits and automatic reconciliation of inflow/outflow between different sites.
As always, I accept that not everyone is ready to experiment with alternative systems, especially at this point when there is a dearth of tools that would facilitate the early adoption of such systems. Hopefully, tyaga.org will be able to offer more guidelines and products soon to encourage voluntary participation in the satconomy framework. With enough luck and effort, maybe tyaga.org would establish itself as a reputable brand, just like PSPad has done with its brand of text editor.