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comment by kleinbl00
kleinbl00  ·  3175 days ago  ·  link  ·    ·  parent  ·  post: Is the local economy the solution to a post-capitalist world?

Sounds like the Craigslist problem: the people wishing to pay via barter generally have the least financially-valuable skills and products. I think this is where most microcurrencies fall down: those whose products and services are adequately priced in regular currencies have no incentive to adjust to a microcurrency that suddenly makes one massage worth five oil changes.





pyrrhonic  ·  3175 days ago  ·  link  ·  

It's weird to me that so many alternative/local currencies are denominated in time units. As if the time spent to do something were the only metric to take into account for its value.

user-inactivated  ·  3175 days ago  ·  link  ·  

The COOP I worked at took the currency, and gave it to the employees. That was way before I worked there. At the end of it there was a dentist burried in a colapsed note.

Reading about MMORPG economies and balancing them sound impossible to me, can't imagine pulling strings on actual markets.