Hand Minted Local Currencies could be the Start of Local Economic Redemption

When you show someone a coin, they should react like this.



With obsidian, laser cut wood, or brass spirals, that should be achievable.

Passive RFID tokens could also be beautified significantly.

What could a artist do to an MRT token? As long as they still scan, the possibilities are endless.

Lord Rupert,

If you continue to treat me like an underperforming lab rat, or slow donkey, you will get much, much less, or maybe none, of my time.

I am trying to solve:

- How to make currency/coins beautiful and beguiling.
- How currency can be spent in the informal/street economy.
- How crypto, passive RFID ID tags, or foundation donations could be used to power a scalable local cash scheme.
- How to write clear documentation so others can quickly scale and copy an idea.
- How money can enter a system in a way that benefits the 'underprivileged'.

If you see these achievable objectives as a waste of time, perhaps you are the stupid one.


If you want a New Word Order, build it yourself.

Would you like to be a spokesperson?

I'm sure the public will be swoon at your dominant frame, and withering witticisms.

Drop some real knowledge, and maybe we will inch forward.

Remember the problems arise with a bank and loans.

No bank, no loans.

I am simply pre-paying people's meals, and issuing redeemable tokens, for now.

Here's a question:

Why does money have to enter the market from a bank, as fiat?

What if it entered circulation as consumable food, redeemable in coins?

~O~

i) Pre-pay 5 Vietnamese vegetable rolls.
ii) Issue 5 curved rosewood shurikens.
iii) Give out (or sell at a 50% discount)these rosewood shurikens to those that need them.
iv) Shurikens redeem Vietnamese vegetable roll.

- The vendor is paid in full.

- The homeless guy gets a free (or cheap) meal.

- I make a successful scalable experiment.

Everybody wins.

You know everything about the lower aspect of humanity's psyche, Lord Rothschild....

... but little of the higher.

I deny none of the charges against these Creations.

But with guidance, some of them will fire synapses, and become over-unity citizens.

If you are all frustrated that progress is slow, you should not have dumped everything on my desk.

Now that I'm making a currency, you are welcome to point me in the way of USC411, if it pleases you, on this frosty morning.

~O~

If I make a coin, is there any way I can redeem lawful trust money to back it?

If I can't do that, I will go find the Secret Societies in Taipei.

Attention.

Lord Rothschild is in detention, and may not attend this morning's grouse hunt.

He is to remain in the gymnazium, and write a 1000 word essay on the following topic.

"On the importance of humility, courtesy and cordiality in human relations"

Passive RFID coins are the sweet spot between high tech and low tech.

They are easy to produce, verifiable, and low price. But they're not invasively trackable, like cashless.

Imagine Ximending nightmarket:

You go to the MRT machine, and put money in, to get a train ticket token.

What if there was a machine that issued healthy food tokens too?

You put in 50TWD, and it issues a token that allows you 100TWD of healthy food from any night market stall.

Vendors could redeem each token for a full 100TWD at any point.

This is a way of subsidising healthy food, injecting cash into a local economy, and experimenting with local currencies.

Who would foot the 50TWD shortfall? Donors and corporations may pay, especially if their name was on each minted coin.

The more I think about it, the more I become enamoured with the idea of introducing a new coin as food tokens, in night markets.

50TWD fiat for a 100TWD Ximen-Coin Nightmarket Food token.

~O~

- It makes money fun and friendly, instead of fearful and foreboding.

- Pre-paying accounts with nightmarket vendors near guarantees immediate adoption. You pre-buy 10 Vietnamese vegetable sandwiches, 10 bags of guava, 10 sweet potatoes, 10 bags of pistachios, etc.

- This incentivizes both preparing and consuming health food.

- Food tokens allow for 100% transparent, open source accounting.

- A reasonable start would be to double people's fiat. 100TWD buys you 200TWD of food credit.

- You immediately solve one pressing social problem: How to subsidize healthy food.

- Subsiding healthy choices allows you to guide markets towards health and freedom, without infringing on other people's free will to eat muck. If some glutton somewhere wants to release porkcoin, for subsidized bacon sandwiches, go right ahead.

- You enter the market at point-of-sale, so you don't interrupt existing supply chains. This is a little more expensive than wholesale, but more graceful.

- Over time, the currency could expand to gym memberships, cinema tickets, classic books, etc.

The idea of money that expires is interesting. I found it in an article on demurrage, as suggested by that kindly AC.

[link to en.wikipedia.org (secure)]

“Only money that goes out of date like a newspaper, rots like potatoes, rusts like iron, evaporates like ether, is capable of standing the test as an instrument for the exchange of potatoes, newspapers, iron and ether. For such money is not preferred to goods either by the purchaser or the seller. We then part with our goods for money only because we need the money as a means of exchange, not because we expect an advantage from possession of the money. So we must make money worse as a commodity if we wish to make it better as a medium of exchange."

Silvio Gesell, The Natural Economic Order

[link to en.wikipedia.org (secure)]

Last Edited by Daozen on 01/08/2023 10:31 AM

with the free-money reforms of Gesell, hoarding money becomes impossible because the face-value of money is depreciated regularly. This forces the circulation of money.

[link to en.wikipedia.org (secure)]

What about issuing a currency that was only valid for three weeks?

You could inject cash into an area, while disincentivising hoarding.

You would also strongly protect against fraud.

By the time the forgers had figured out your designs and watermarks, the currency would be obselete.

[link to blogs.worldbank.org (secure)]

Gesell thought the demurrage rate should be one mil per week; thus 5.2% per year.

My opinion is that is too low.

Look at what the casinos are doing. They too have a counterfeiting problem and are looking at embedded chips (RFID or other).

Obsidian is too fragile. Your coin should survive being dropped four feet on a marble floor.

So you have a deep seated desire to meet the Secret Service?

Natural Money Theory: [link to www.naturalmoney.org (secure)]

daozen...REPRESENTATIONS OF VALUE exist for only ONE reason...

What do you expect that to be?

From the YOU CAN'T MAKE THIS STUFF UP Department...

THOMAS GRECO!

His IMPECCABLE CV...

Thomas H. Greco, Jr. is a preeminent scholar, author, educator, and community economist, who, for more than 35 years, has been working at the leading edge of transformational restructuring. He is widely regarded as a leading authority on moneyless exchange systems, community currencies, financial innovation, and community economic development, and is a sought after speaker internationally. He has traveled widely in Europe, Asia, Oceania, and the Americas, lecturing, teaching, and advising. He has been a speaker at numerous conferences and has led many workshops and colloquies in 16 countries.

He advises many community and business groups on how they can create “home-grown” means of payment (liquidity) that can save small business and put people back to work by shifting control back to local communities and compensating for the shortage of credit and official currency that banks are supposed to provide.


Now, for the introduction of REALITY into the LIFETIME of ADVANCING UNWORKABLE SOLUTIONS...

One of his Acolytes writes:

I am interested to find you. My company distributes your book in South Africa [link to sa.kimabooks.com] I am also a founder member of our local CES (www.community-exchange.org.za) and asked the publisher Floris Books if there was any way we could at least pay a portion in Talents (our local currency), but they declined. The CES (aka The Talent Exchange) has been very successful with over 5000 members locally and branches around the world.

Hilarious!

Take heed, daozen...the Chinese are a practical lot, if nothing else. They will NOT accept your useless BUM-WAD in exchange for their FOOD-STUFFS...such as they are.

plan significant overhead to find counterfeiter and break their knees.

He quit the site remember.

Something about Taiwan implementing a draft or something.

He has already done compulsory Military training if he is a Taiwanese nation. Only 4 months there. They are talking about extending it to a full year.

Said he was going to Shambala or Shangri La or something.

I hope he makes it.

Make your coins from Gold or Silver.

Hard to counterfeit them without having to buy the raw materials. It would mean real currency made from real metals would not be able to be made cheaper than the coins.

Silver is cheaper and abundant compared to Gold.

That was my place to get bait lol.

CENTRALIZED MONEY AND CENTRALIZED POWER FORM A SYMBIOTIC PAIR; NEITHER CAN EXIST WITHOUT THE OTHER

The key to your freedom lies in decentralizing money and credit.

How does one come to enjoy a vested position in ownership of the monetary system? By perfecting the birth certificate? Opening an account at the Federal Reserve bank?

An excellent question, but not a question easily answered.

Why don't you work on a solution, and get back with us later?

Chits?

Huey Chits?

These problems were solved long ago. Copper and nickel coins for small denomination needs.

Exactly, good luck with that. I remember the Liberty Coin soverign currency movement in the mid 2000s that didn't end well for it's "creator". Most people have no clue how scary or life changing the DOJ can be when they come for you. When you're paying $1500 an hour to stay out of jail, a couple years of being a DOJ criminal target can wipe out a common person's life's savings.

[link to www.numismaticnews.net (secure)]

Having any problems with MERS or is your property at risk in some variety of foreclosure action?

Check with Dave Krieger of clouded titles dot com and/or lead attorney Allen West: [link to cloudedtitles.com (secure)]

PG&E’s top boss harvests total exec pay that tops $50 million

What would Gesell's principle do to a paycheck like that?

Link will not post.

Anna von Reitz on the credit system of the United States:

Thread: JUDGE ANNA VON REITZ; THE AMERICAN NATIONAL CREDIT (Page 2)