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cc domain naming system
The ideas at the root of open money are "only connect" and "LETS". The cc domain naming system is the routing system that lets users connect with each other, it's the way everything is organised, it's where you get your account address in the virtual money space - it's the "connect" in "LETS connect".
Every cc account needs to be named and have an address to receive and make transfers. The cc name system will be very familiar to anyone using internet, where everything has a name and address where other internet users can reach it. For example, xyz^abc.co.jp is the full email address of the "xyz" account on the "abc" subdomain of the "co" subdomain of the "jp" top level domain of internet. The address is complete and works from anywhere on the internet.
Naming of the parts - registries, accounts, and systems
In the virtual money space of cc systems, domain naming starts at the national level. The top level domain, the home or root of this tree, is "jp", and the first regional subdmains will probably be "tk.jp", "hk.jp", "os.jp", "yo.jp" ... Local subdomains within regions will follow as required. The authority for the use of the "jp" domain and all subdomains will be the cc college of Japan.
The list of cc accounts using any domain name is called the "registry" - which is the virtual equivalent of a real bank for "real" money accounts. To use cc, you need to open an account with a registry - as many of us now have email accounts. For example, Yasunari and Shigo are both in the "chb" registry - their full account ids are yas^chb.jp and sh^chb.jp. Hiro has registered in Yokohama as hiro^yo.jp.
On internet, groups can form in many ways - as lists, conferences, chat or p2p networks. Those who make up these groups can connect from any isp (internet service provider). The groups are processes that happen between users, because the isp network makes them possible.
In the virtual cc space, a "cc" - community currency - is just a group of virtual accounts exchanging numbers with each other, so a new currency can be started almost as easily as starting an email group on the internet.
Each system will need to have a unique name, registered with a host domain - for example, the name "tkr:tk.jp" for a Tokyo regional cc, registered at the "tk.jp" domain. Just as email lists have owners, so cc systems will have sponsors, owners, stewards, trustees, who announce the system, set its agreements and monitor its activity. Names for cc on the network will be authorised through the cc college domain name process.
Examples of transaction - each transfer needs to have a date, the account ids for both sender and receiver, the amount to transfer, and the cc system to be used. The sender can also add a few words of text description to the transaction.
For a transfer inside their "chb.jp" registry, using the "chb:chb.jp" currency hosted there it's enough to specify
When transfers are across registries, the full account id is needed
In these examples, the "yas" account balance in each system - the "chb" system or the "tkr.jp" system - is reduced and the other user account balance in that currency is increased as specified. That's how cc works - just names and addresses for moving virtual money around in self-managing networks.
The cc dns "opens" Japan for community money systems - the new virtual tools for organization in the real world.