The operation of each monetary system is regulated by a set of parameters that shapes the governing method of the monetary system. Technology allows governing to be exercised through the vote of either one, several or all members of the economic node.
All members of the system have the right to vote on decisions regarding the system parameters, without the possibility to delegate. At each voting instance, voters can choose whether to exercise their right to vote or opt for abstention.
All members of the system have the right to vote on decisions regarding the system parameters, although this voting is carried out indirectly. Each member votes for a representative (who must be previously candidate) to represent them on all matters relevant to the monetary system, during a fixed period of time. Members can also vote for “executives” who will be authorized to make decisions without the need to appeal to the group of representatives.
A combination of direct democracy and representative government where each member can decide whether to abstain, vote directly or delegate their vote to a representative when voting for a decision that the node must take.
A single account governs and controls the monetary system and is able to set all its parameters over time. This government method can be used, for example, in the case of a currency based on discounts implemented by a single trade. It can also be applied to cases in which, although the decisions regarding the parameters of the system are made by a single administrator, the latter can appeal to the users for consultations (non-binding referendums) in order to have more information to take a decision. This method could apply to a municipal currency for example.
A small set of accounts, previously defined (although modifiable over time) governs the monetary system. Each decision regarding the parameters may require the consensus of all the governing accounts, or the positive vote of a minimum number of accounts. For example, a group of businesses can create a system to encourage to "buy local". The founding members define the system’s characteristics and modify the parameters over time. Those joining and taking part must accept the previously defined rules. Just like in the case of an autocracy, administrators can appeal to members for consultations as an information mechanism for decision-making.