[30/8/26 23:07] Pere P.: On 8 March 2017, when the first junas were created, 1 DU was equivalent to 10 junas. In the latest update in March of this year, 1 DU is 11.78 junas. Therefore, the devaluation of the juna so far (there is another adjustment this month) is 17.8%, which is very far from the 100% increase you are talking about. This devaluation can be avoided by setting prices in DU.
[13/9/26 23:24] Joan in reply to Pere P.:
> On 8 March 2017, when the first junas were created 1...
Hi Pere!
The value that the G1 has has nothing to do with the equivalence between the G1 and the DU. It has to do with the price at which you buy half a dozen eggs or a litre of oil.
If 3 years ago you bought a dozen eggs, let's say, for 1g1, and now, three years later, you buy them for 1g1, the value of the geuna, in relation to eggs, has not changed.
But it may be that now, to buy a dozen eggs, you need 10g1 or, on the contrary, that with one geuna you can buy 10 dozen. Then you would have a variation, in one direction or the other.
And what is it that makes the price of eggs change in geunas (or in euros)? Well, the relationship between the availability of eggs on one side, and that of geunas on the other.
I already explained this years ago, here:
https://girala.net/ca/blog/quin-valor-te-la-g1-quin-valor-ha-de-tenir
[13/9/26 23:25] Joan: The previous article was also published on foro.moneda-libre.org, in case anyone wants to read the replies, whether in agreement or disagreement 😉
[13/9/26 23:26] Joan: So, I could start by asking you: in the Ebro, does anyone offer eggs, in G1? And oil? At what prices?
[13/9/26 23:34] Joan: And I can tell you something more about Barcelona, although I don't have very specific information either, because I've been very disconnected lately.
As far as I know, in Barcelona the availability of geunas grew a lot, because as everywhere, there was a boom of members who co-created, and therefore put many new geunas on the market (the daily co-creation, the Universal Dividend). On the other hand, the products most in demand (basic foods, for example, or highly demanded services such as pallet-making, electrician, vehicle mechanics) stagnated and, I would say, recently decreased.
So, what do we have? Many geunas, and few foods. The result is that if you go to a market and offer 5 dozen eggs at 40g1, you'll sell them in five minutes. Therefore, if you want, at the next market, you can put them at 50g1, and you'll also sell them in 5 minutes. And so on until the price adjusts to the availability of geunas.
If it turns out that whoever offers the 5 dozen eggs, which are highly demanded, at a very high price, sells them, then they'll be able to buy other equally highly demanded products, which will also have gone up in price (oil? bread? vegetables? preserves? almonds?). And that will be fine, because whoever sells eggs will be able to buy oil. And the geuna will have done its job: enabling exchange. Just like euros do. But with the advantages of the g1, and also its disadvantages.
[13/9/26 23:45] Joan: And now a bit of background: when the geuna was starting in Spain, in Catalonia we organised a first market, in the Baix Montseny. And a couple of its promoters, myself among them, went to Barcelona with Guillem (Shevreck, from La Marmota, whom many of you know) to decide what value we would give the g1. And we opted for the proposal I made: 1€ = 10g1 as a reference. Because at the market we set up an exchange box (very few people had g1 at that time; there were very few co-creators). So visitors could exchange their euros for g1 and, afterwards, we distributed the euros collected proportionally among the stallholders (in @DaniEcotros was one of them, if I remember correctly). Some of the Valencians and Madrilenians also used this equivalence, as a reference.
In other areas, such as Cantabria or Mallorca, they preferred to use 1g1 = 1€.
And what happened, over time, in Cantabria and Mallorca? That when there was the boom of co-creators, so much currency was generated that despite the dynamism of, for example, Mallorca, where there was a lot of product supply, the quantity of g1 grew much faster (imagine, each co-creator created at least 300g1, and if you sold a dozen eggs at 4g1, that meant that with co-creation, WITHOUT HAVING TO CONTRIBUTE ANYTHING TO THE COMMUNITY, you could buy 75 dozen eggs a month).
But the law of supply and demand is inexorable 😊 and prices began to rise, to balance the availability of g1 with the supply of products. And as of today I would say that both in Mallorca and Cantabria prices are similar to Catalonia.
[13/9/26 23:56] Joan: So, a few weeks ago I spoke with Guillem, from La Marmota, and he told me that in practice prices were evolving to a value of the g1 equivalent to 20g1 = 1 coffee instead of 10g1 = 1 coffee (for those of you who don't want to use the euro as a reference, back in the day I invented the coffee thing, which in practice is the same 😉).
And that, the depreciation of the g1, is neither good nor bad, it is what it is and in any case it can affect more severely those who have accumulated many geunas because if the geuna depreciates, it loses purchasing power. But it's not the same to be able to buy half as much as a tenth as much, as happened in Cantabria / Mallorca, right?). At the time in Cantabria they organised a talk and I was one of the "speakers", defending the change 10g1 = 1 coffee instead of one geuna = 1 coffee 😉 But it seems I wasn't very convincing there!
(in all this, when we've talked, as for example with Dani, I've always told you the same thing, geunas should not be accumulated, they should be put into circulation!)
If, for example, the community that uses the geuna, after the boom, stabilises, and continues providing services and products, even if in smaller quantity, and the exchange rate varies and is 20g1 = 1 coffee, that's no drama, because whoever sold eggs will sell them more expensively, and when they buy almonds, they'll buy them more expensively. THOSE WHO PROVIDE SERVICES OR PRODUCTS IN DEMAND will preserve their capacity to exchange. And, yes, co-creators who don't bring much value to the community will have less purchasing power.
And if one day it turns out that they foist a digital euro on us and/or there's a corralito, and people suddenly start using the geuna, the opposite will happen, the geuna will appreciate (until it finds the new equilibrium) and, perhaps 1 dozen eggs will be worth 1g1 😊 (I'm exaggerating, or maybe not, but that's not the important thing; the important thing is to understand that prices vary, or put another way, the purchasing power of a currency varies.
[14/9/26 0:03] Joan: And on top of all this, I offer you another reflection: in the euro economy, the loss of value of FIAT currency (a litre of petrol now costs 2€, when 20/30 years ago it maybe cost 1€) depends in part on people who aren't us, the Central Bank, that is, the government, that is, the big fish who are really the ones who govern capitalist countries.
But in the case of the geuna, since nobody can create currency freely, indiscriminately, at will, THE VALUE OF THE GEUNA DEPENDS ON US. And, therefore, if the geuna depreciates, or if we find few products offered in geunas, that is OUR responsibility. And, in this sense, in addition to discussing the sex of angels, and whether or not we should compare with the euro, or whether we should be more divine or more worldly, what's needed is for everyone to answer the question: what am I offering to the g1 community? If I offer less than whoever sells oil or eggs at the market, what I have to do is WAKE UP and try to offer products or services in demand. And if we can't think of any, let's look at what people offer on girala and take ideas, because if there's willingness one can ALWAYS find useful and necessary things for others 😉 And if what you offer isn't of interest, change your offer 😉
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