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Author Topic: Bitcoin-standard based local currency  (Read 1484 times)
siulynot
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October 04, 2012, 02:42:19 PM
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how possible do you guys think it is to create a coop that creates a bitcoin standard local currency? what problems do you think it will have with state laws?
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pretendo
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October 04, 2012, 05:33:14 PM
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Some towns already issue their own currencies in an attempt to "keep spending local." I don't think there's been a problem with that.

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gochk
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October 05, 2012, 09:05:21 PM
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Some towns already issue their own currencies in an attempt to "keep spending local." I don't think there's been a problem with that.

what towns? where are these towns at?

The last I heard, you can still be arrested and locked behind bars
http://thewarningsigns.blogspot.com/2011/04/67-year-old-man-arrested-for-minting.html
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October 05, 2012, 11:22:15 PM
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I can't recall but it was used as an example in one of my econ classes, I don't think they were a precious metal though, more like coupons. I think there's at least one in the northeast USA. But that's a pretty crazy story.

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allthingsluxury
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October 06, 2012, 04:02:03 AM
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There is a island near me that issues it's own local currency and it is a part of Canada. It is called salt spring island. The banks and all the stores will take the money on pair. It is more or less a gift certificate that you can use anywhere on the island. Still it is a currency there.

Check it out here:

http://www.saltspringdollars.com/

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October 10, 2012, 08:46:42 PM
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Bristol (Thats like London- England) issues its own currency.  Obviously the Great British pound is also accepted but I think that some places within the town accept their own cuurency.

http://www.bbc.co.uk/news/uk-england-bristol-19627592

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October 28, 2012, 03:36:42 PM
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what towns? where are these towns at?

The last I heard, you can still be arrested and locked behind bars
http://thewarningsigns.blogspot.com/2011/04/67-year-old-man-arrested-for-minting.html

The world is larger than those parts of North America that are under the heel of the syndicate known as the United States.

http://en.wikipedia.org/wiki/Local_currency
http://en.wikipedia.org/wiki/Local_exchange_trading_system

nobbynobbynoob
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October 28, 2012, 03:52:07 PM
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Bristol (Thats like London- England) issues its own currency.  Obviously the Great British pound is also accepted but I think that some places within the town accept their own cuurency.

http://www.bbc.co.uk/news/uk-england-bristol-19627592

Non-fiat currencies are in common use throughout parts of the UK. There are the new-fangled local pounds (but with a marked 1:1 peg to Bank of England £) in Bristol, Stroud, Lewes, Brixton, etc. but the Bank of Scotland, Clydesdale Bank and Ulster Bank have been issuing similar notes in Scotland and Northern Ireland forever.

If the free market ever decided that the 1:1 peg between the non-fiat and fiat £s is no longer justified, the fun could really start...

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October 29, 2012, 06:49:53 AM
 #9

If anyone is interested in launching a project like this PM me. I have put considerable effort into planning such a local barter system and have found ways to make it beneficial for local business. Anyone with PC and or mobile programming experience would be very useful in launching this.

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Bitcoin Oz
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October 29, 2012, 06:55:04 AM
 #10

You could probably use colored coins for this.

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