The present money system once served our society, and should be treated with respect. But, as many systems, it has reached its limits and is now heading for the end phase of its natural life cycle. It is now:

• aimed at greed as well as posessing and aggregating money itself instead of letting it flow. Money is intended to be a current, a flow (remember the word flowconomy).
• it has become a burden because many people are nowadays bound by debtand feel they live under pressure and in fear (mortgages, lending, etc.)
• the money system has become extremely sick by  mass production of money itself. Compare it for instance with the 5 liters of blood a person needs and any excess of that could have serious implications on someone’s health and even result in death.
• money has become a means of power to supress other people, and even entire continents. Take for instance a continent like Africa, bound by western ‘good intended’ borrowing programmes, now even more in depth as a result of ‘micro financing’, which we feel is no good. One way or another, the western debt virus tries to find its way to people in every country in the world.

A new type of currency:

Therefore, within Novaglobe new currencies are required. They have to meet the ‘chivi‘ standard. Chi stands for good energy. Life energy. Vi stands for ‘vitali’ (alive) and ‘go’ (flow). Chivi is not money. Chivi derives from the abbreviation of “good value” (GV). Being good has a relation with the chivi around you… Chivi does not involve interest, debt, or unproportional creation of the total amount of chivi in the system:

• The total amount of chivi in the system’s ‘body’ is always 100.000 multiplied by the people participating in the system. ‘Golden Chivi Checksum‘. Note: per currency the amount per participant may differ.
• When someone enters the community he/she gets 100.000 chivi by default. When he/she leaves, their balance will be set to zero and other balances will be adjusted in such a manner that the checksum applies again.
• Because there is no unproportional money creation, there is no intrinsic inflation (like in our current money system) and thus no requirement to pay interest to the maintaining body.

Other practical remarks:

• There is and will be no centralised authoritative body dealing with exchange rates with other currencies on the world. Rates will settle themselve.
• Feel free to take a look on how ‘props’ work on www.blip.fm. Chivi is about giving. So, a ‘price’ for a certain thing for somebody ‘having’ 100.000 chivi can be 1000 chivi, whereas the ‘price’ for a person having 70 chivi can be set to 20 chivi. So prices depend on how many chivi the receiver has, the amount the giver has and the ‘gun’ factor (gunnen means ‘not begrudging” but really there is no english word for the Dutch word ‘gunnen’).
• The value of chivi is based on trust within the Novaglobe community. On goodness. This is the new golden standard. Goodness is the non-material equivalent of gold…
• A natura-exchange remains highly favourable… maybe one day we don’t even need to use chivi type of currency anymore…