How would “Circles” be different from our current money system?

Money is free to create.
Once everyone creates their own, we will have peace.

circles

You should read the about Circles article first.

1. The debt doesn’t need to be payed back
In our current monetary system new money is created when countries, cooperations, or individuals take a loan. One way to see Circles is that as soon as you spend some of your coins with someone else you have debt to this person but you are not forced to pay it back. This seems completely different from our current system and on an individual level it certainly is. However, a quick glance at the level of US national debt shows that this debt will also never be paid back. As long as the monetary supply doesn’t lose the connection to the GDP growth the money value can be relatively stable nevertheless.

2. Credit is not approved based on rating of banks but fixed per person
Currently, private banks, rating agencies and central banks can decide…

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