In operation, think of it as using a kind of blockchain credit/debit system. In this money system, if some person or group (lets call them 'A') buys something, say food, their account gets a negative entry. Person or group 'B' providing that food gets a positive entry. Those entries represent the creation of money.
Buyer 'A's negative entry represents a commitment to provide something for someone else to bring their balance back toward zero. Seller 'B's positive entry represents a claim on the commitment of other community members for what they need.
The concept of commitment, and claims on commitment is very important to the operation of money. It is a major reason that trust is necessary in its operation. Commitment and claims on commitment also relate to the concept of capital, which we will discuss in the next article in this series.
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