Local Currency

We can easily implement local currency nowadays, which people can trade on their devices, utilizing crypto-currency. Here is a "bank" I made using SLP, simple ledger protocol: Hogeye Bank.

Benefits It promotes green localism. It supports local people, local farming, local products, local services, and local business. Reducing transport is good for the earth. It connects unused resources to unmet needs. We can facilitate exchanges among ourselves without having to earn dollars first. It supports community, and establishes trusting relationships. It provides a defense against the booms and busts and inflation/hyperinflation of government fiat money. Some give moral or ideological reasons for support, e.g. opposition to government control of money or usary or multinational corporations.

Comparison of Models Fiat, mutual credit, or commodity-based. Archive: Ozarks Local Currency Project (2009) Useful links: Local Currency Wikipedia article Transaction.net Complementary Currencies Descriptions of systems such as LETS, ROCS, Ithaca Hours, and Time Dollars. SmallisBeautiful.org ReinventingMoney.com ComplementaryCurrency.org software section Database of Complementary Currencies Worldwide Sites of existing local currencies: Shire Hours, Ithaca Hours, Madison Hours, Berkshares, Ripplepay.