Metacurrency Project

About
The Metacurrency Project is a discussion group started by author/entrepreneur John Robb with the goal of designing and marketing software to handle metacurrency, which Robb defines (with some editing) as: an accounting or currency system that:
 * captures the all of the contributions made by the participants in a specific venture
 * can be used to confer ownership in that company in exchange for their participation

That [ownership] equity can be traded internally (between participants), externally (sold to non-participants), retained for dividends (from the company's earnings), between systems (for other metacurrencies), or unbundled (where the metacurrency is broken into component parts). The Project's objective is to design a metacurrency "that contains the nuts and bolts of a specific Internet venture in its construction", refine it, implement it in software, and launch it as a venture. If the venture succeeds, the profits can be used to help repeat the process with another metacurrency-based venture.

The project has a [http://tech.groups.yahoo.com/group/Metacurrency_Project/ Yahoo! Group] for forum-style discussion and is also frequently the topic in posts on Robb's blog, Global Guerillas.

Concepts

 * /OSV (open-source venture)