Local energy/exchange trading systems LETS

[teonanacatl]

From Wiki: http://en.wikipedia.org/wiki/Local_exchange_trading_system

"LETS networks facilitate exchange between members by providing a directory of offers (and wants) and by allowing each a line of interest-free credit to each. Members IOUs are logged in a centralised accounting system which publishes a directory and balances visible to all members. In case of a default, the loss of value or units is absorbed equally by all members, which makes it a mutual credit exchange. For instance, a member may earn credit by doing childcare for one person and spend it later on carpentry with another person in the same network, or they may spend first and earn later."

LETS Australia

http://www.lets.org.au

Might interest a few people here.

[mu!]

Thanks for posting this teo, I'm sure a lot of people here will flock to the idea. Time-based currencies are also a relevant and curious topic.

Community Exchange System.

This is a pretty good at the origins of money/currency and a proposal of a 'human energy-based'