Decentralize Currency...? ABAB. (All Banks are Bastards.) (1 Viewer) News & Blogs 

Odin

ANTISOLIPSIST
Joined
Apr 6, 2013
Messages
2,408
Reaction score
4,232
Homebase
Earth
Website
www.youtube.com

Central Banks Nervous as Alternative Currency with David Bowie’s Face Goes Viral

http://www.activistpost.com/2015/09...rrency-with-david-bowies-face-goes-viral.html

September 2, 2015

Brixton_Pound.png

One of the best ways for the general public to take back their power is to develop alternative currencies — both local and global — that allow people to trade outside of the corporate-government banking systems and central bank notes.

Many people in different areas of the world have been moderately successful at implementing local currencies, such as Mountain Hours or Ithaca Hours, which have gained traction in the U.S.

In London, an interesting alternative currency bearing the face of pop singer David Bowie has recently come into circulation. According to Market Watch, the local currency is specialized for the Brixton community in southwest London. It is officially called the “Brixton Pound.”

Tom Shakhli, manager of the Brixton Pound effort, said,

They are using it because they want to feel connected to the local area. Every time you use it, you’re like a financial activist. You’re taking part in this act which is subverting the norm, which is to hand over your £10 note very passively.

Shakhli pointed out that the project is intended to make a statement about the foundation of money, as well as provide an alternative to the current monopoly.

Shakhli said that his main goal with the project is to ask, “What is money? Does it have to be either printed by the state or created by the banks? Why can’t money be localized? Why can’t money feature a pop star or a black historian? Does it have to feature establishment figures?”


So far, there are currently 200 local businesses that have signed up to participate in the Brixton Pound program.

The increasingly popular Brixton Pound is making central banks nervous — and rightly so. Following the success of the Brixton Pound, new alternative local currencies are now popping up all over the U.K. The Oxford Pound, Kingston Pound, and Palace Pound are just a few of the currencies that have been recently introduced. The Bank of England has been forced to respond to these local currencies because of their popularity, deeming them “voucher schemes” and warning the public that they are unprotected when using them.

A document released by the Bank of England claims that “Local currency schemes lead to significant and unanticipated impacts on aggregate economic activity.” According to the document, the Bank of England will also attempt to delegitimize local currencies by “Design[ing] features and marketing material [to] help users recognise that local currency paper instruments are like vouchers and not banknotes.”

For the economy to really be in the hands of the people, it is necessary to decentralize the currency and to have an open-source network of competing currencies that are community based and easily exchangeable. While it is impossible to predict how we will trade a century or even five years from now, we can still observe how people are innovating within their own areas and take those lessons into account for when state and bank issued currencies finally diminish in value to the point where they are unusable.
 
We sell all kinds of other stuff in our Etsy store!

Odin

ANTISOLIPSIST
Joined
Apr 6, 2013
Messages
2,408
Reaction score
4,232
Homebase
Earth
Website
www.youtube.com
Tis Naught but Binary Script!

AFMARVRCFDSH6KHM6BINCA5QXMMWSTIG.png
 

Odin

ANTISOLIPSIST
Joined
Apr 6, 2013
Messages
2,408
Reaction score
4,232
Homebase
Earth
Website
www.youtube.com
the hard part is making sure your currency doesn't get fucked up by counterfieters i guess...

Yea that's a case the Gubberments will make no doubt. They already are trying to discredit the movement by calling the currency "vouchers" and saying your not protected...
There have been parallel movements here in the states as well.
Looks like there is a list.
Figures this shitty state is not on it.

https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States

Hmmm this isn't new news either and I'm late in the game but good to see BT is still going. Looks like there is gonna be a wide variety of ways to obtain purchasing/trading power in the future. It should worth studying closely.

http://www.dnainfo.com/chicago/20140729/lakeview/chicagos-first-bitcoin-atm-debuts-lakeview
 

Users who are viewing this thread

About us

  • Squat the Planet is the world's largest social network for misfit travelers. Join our community of do-it-yourself nomads and learn how to explore the world by any means necessary.

    More Info

Support StP!

Total amount
$0.00
Goal
$100.00

Monthly Goals

  1. Paying the Bills
    $0.00 of $50.00
    The first $50 in donations go towards paying our monthly server fees and adding new features to the website. Once this goal is reached, we'll see about feeding Matt that burrito.
  2. Buy Matt a Beer
    $0.00 of $75.00
    Now that we have the bills paid for this month, let's give Matt a hearty thank you by buying him a drink for all the hard work he's done for StP. Hopefully this will help keep him from going insane after a long day of squishing website bugs.
  3. Feed Matt a Burrito
    $0.00 of $100.00
    Now that the bills are paid and Matt has a beer in his hand, how about showing him your love by rewarding all his hard work with a big fat burrito to put in his mouth. This will keep him alive while programming new features for the website.
  4. Finance the Shopping Cart
    $0.00 of $200.00
    Now that the bills are paid and Matt is fed, perhaps it's time to start planning for those twilight years under the bridge... if only he had that golden shopping cart all the oogles are bragging about these days.