Bitcoin-standard based local currency

[siulynot]

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?

[1715140749]

1715140749

[1715140749]

1715140749

[1715140749]

1715140749

[1715140749]

1715140749

[pretendo]

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.

[gochk]

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

[pretendo]

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.

[allthingsluxury]

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/

[BobbyJo]

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

[Arto]

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]

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...

[TECSHARE]

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.

[Bitcoin Oz]

You could probably use colored coins for this.