Use https://cryptolocally.com HIVE just needs to add this

@dan larimer made it clear on @everythingeos podcast last summer that HE WANTS ORGANIC FOOD markets on EOS and HIVE and steem and we can use NFTS here https://alcor.exchange we have OTC

we just need Pnetworkdefi to add PHIVE to eos and telos



![image.png](https://images.hive.blog/DQmc5XBn32YK2LUGcCSPBZdJ1EkCL82p2sb4eBos47Y7TsA/image.png)


alcor can have this: NFT based  OTC trading for cash, where we use PBTC and PETH and PLINK and USDT and , we find a clever way to replace fiat with some sort of paypal or cashapp or local fiat backed system using i dunno ... postage stamp credits like charles ponzi lol jk

You can use CES, a worldwide Community exchange system. You choose a name for your own local Points system (i chose CAMBIO when i attempted to set a system up in Puerto Escondido, Mexico http://www.healing-haven.com/puerto-cambio.html ), and you can choose option to offer goods/services all for points, or part for cash.  

You can set up your own system here: https://www.community-exchange.org/home/

Welcome to the LeoFinance finance community :) 

I saw under another comment that Tom wasn't keen on even looking at what LOTUS is doing, but the model is right here...

A community token where you're rewarded for your time is literally what Hive-Engine tokens do.

Anything on paper (or even worse a shared excel spreadsheet) is going to be a nightmare to manage and just open yourself up to problems down the track if someone kicks up a fuss.

I'm definitely keen to see what you guys come up with in the end, so don't be afraid to keep sharing this narrative within LeoFinance.

See you around!

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Well, luckily I read this post in full, because the whole time I was reading, I kept thinking, **LOTUS, LOTUS, LOTUS**. I understand the technology barrier problem. Well, in short I think tying it the Australian Dollar makes good sense.

This will keep things simple and not make people feel like they have to do currency exchange rate calculations on the fly. Perhaps baby steps can be taken until the day a blockchain currency like **LOTUS** could step in.

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Heyy! I love this post, thanks for mentioning it! I know of France, they have had a few in different local regions, I found a case study here, I didn't read it entirely it's not really my field, but maybe it can help your research 🙂

https://socialcurrency.sciencesconf.org/conference/socialcurrency/pages/Contrasted_cases._Successes_and_failures_FARE_2.pdf

That sounds like a great idea to bring the whole community together, literally taking people back to how communities used to work in the good old barter days (not that I ever experienced it).

Bristol, in south west England, used to have a Bristol Pound. That started back in 2012 and according to their website they were up to £1m transaction per year.  I think they also had some form local government backing as I read on their website you can even pay your local council tax with it. They're in the process of moving to a digital currency so they must be doing something right.  

I've never used the currency before as I don't live in the city, but maybe it's something you can explore.  Here's the website if you want to find out more. Good luck!

https://bristolpound.org/where-we-have-come-from/

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@livinguktaiwan/re-riverflows-6jz7tu)

I used to run a few Timebanks in Finland back in the day, until the government and the media scared people off.  A few hundred people in a small city can run a pretty functional local community even in the harshest weather conditions, so a datablockchain with NFTs might prove to be the next step. 

Community exchange system on a new technology has been an interesting concept to develop, like virtual cat-themed cards as a means of showing appreciation. Abundance instead of artificial scarcity.

Something that surfaces occasionally one Facebook is LETS. I've come across a few people who've tried it, but it doesn't seem to be something that ever really gets taken on long term by anyone. Buy nothing groups seem to be going better long term. The premise is the same, but without worrying about keeping ledgers. 

Many people are time poor as they try and provide for their families in the system, so earning another currency which isn't fiat is likely to feel low down on their list. It's hard for them to see value in it, when they don't have much time to then take part in that community using the currency. Then with the mention of depreciation, why bother at all, if by the time you've found something you might want to spend it on there might not be enough there? This cycles back to  why the Buy Nothing groups might be so successful. Contribute when you want and ask for things when you want without having to worry about whether you have enough of the currency left.

Therefore, these people are also most likely to just give away things like excess produce, rather than worry about figuring out any exchange for it and that kind of detracts from the currency value side for those to whom it is important. 

Something like this would work well in circumstances where the majority of people in the area have no other choices any more or in a self sustaining community which is mostly isolated from the rest of society. 

Sorry, I'm only really putting out the obstacles here as to why I think these things don't currently catch on. I don't really have any solutions to overcome them, other than saying the freedom of Buy Nothings work well in our current system. I would also add that having fiat and WIN feels like it's only adding an extra layer, especially when fiat covers everything anyway. 

Perhaps Tom would be better off starting out with the Buy Nothing model and seeing what works from that. Being in the country, you would certainly be in a different situation to the suburbs, so interest could be better. 

YES!  I've been interested in "local currencies" but I've never really seen one take off.  I encountered one here in Denver, once - and then never again.  For that program, they had printed little currency "dollars" rather than keep a ledger, which might be easier to manage but negate your idea about depreciation.
Another thing to research might be "time banks" as that is a part of your idea.  I wish there was more of those, too.  Like, if I could volunteer some hours helping at the vet's office in order to get care for my cats, that would be AWESOME.  Vet care is SO expensive in fiat.
One of the best things about these systems is that they value EVERYONE'S labor.  At least in the systems I've seen, an hour in the time bank is an hour in the time bank, whether that's doing work that would be paid a lot in fiat, or not, if that were your "job."

The kind of innovations we need to actively contemplate and act upon going forward if we wish to see true changes! Only getting familiar with the mechanics behind crypto and the different usage models of tokens, so can't give any advise or ideas right now, trying to wrap my head around tokens and how they are used since me and @kaliphae are starting up a community here focused on sovereignty, self-sufficiency and spirituality. Specifically hosting those posts that actively are highlighting methods and solutions or experiments in their own life whether, social ,financial, physical or spiritual. And I was playing around with the idea of creating a token for it in the future, but realised soon I need to learn a lot more than what I understand now.

Cheers, have a glass of organic $wine 🍷