A summary document is available here: satconomy (this links to an older document — the document links in the Standards page are more recent and reliable).
Satconomy, as a multi-currency framework, is built upon the concept of independent unit entities. As an approach to socio-economic advocacy, it seeks to cultivate a sustainable diversity of specialized proprietors and organizations. In satconomy, currencies have the following essential features:
Intra-Entity Currency Issuance: Currency is issued within an entity, to be used primarily for the exchange of value between entities. Currency is created or issued as credit-debit pairs of a particular entity brand. Credits represent an entity’s intent to obtain something of value from the market, and should be issued as a measurement of member contribution to an entity’s goal. The corresponding debits represent the entity’s intent to provide for what it perceives as needs of the market. Other than the requirement to issue currency as credit-debit pairs within an entity, there are NO requirements for trader or lender-borrower interaction in order to create currency.
Inter-Entity Currency Use: Although an entity may freely and independently issue its own brand of currency to its member(s), there are no guarantees that other entities would accept the currency that it has issued. Acceptance or rejection of currency between entities is not contractually predetermined but results from ongoing quality assessments of currency brands. This feature promotes active feedback regulation through noncooperation.
If and when an entity decides to accept another entity’s currency, then the recipient’s debits are cancelled with an equal amount of the spender’s credits. Currency use is therefore equivalent to credit-debit cancellation.
Currency Brand Management – An entity manages its market viability through the reputation of its currency brand. A reputable brand translates into currency that is widely accepted in the market, and therefore member(s) belonging to a reputable entity have more access to what the market has to offer. Brand management encompasses all aspects of marketing, adoption of best practices, transparent accounting, and timely reporting of organizational activities. In satconomy, entities must be open to audits and actively monitor prevailing public opinion in order to gain and ascertain the trust of market participants.
