[ExI] Bottom-up currencies

[Aleksei Riikonen]

On Thu, Mar 10, 2011 at 9:02 AM, Emlyn <emlynoregan at gmail.com> wrote:
> It strikes me that there are many circumstances (eg: geographic or
> cultural communities) where the ability to form a special purpose
> currency would be really useful. Maybe when culturally cohesive groups
> are too big for gift economies, and scarce resources are in play, and
> there is some reason that government money isn't a good choice? The
> disincentive though is that it can be difficult to interact with other
> currencies (eg: regular money!).
>
> So, a couple of things:
>
> 1 - Where is the theory on this stuff; where should I begin to look? I
> am guessing there's some useful libertarian writing on this, for
> example.
>
> 2 - If it is useful, it seems that it's something that needs a
> technological platform to make it really go. If you can set up a
> currency somewhere trusted, which will enforce your local rules, track
> who has how much of what, and provide the ability to for people to
> make trades between currencies, with copious APIs for third parties to
> work with it, then you have the basis for a decentralisation of
> currency that could be really interesting.
>
> Other thoughts?

Here's the solution you are looking for, it has been up and operating
for a while now:

https://en.bitcoin.it/wiki/Main_Page

-- 
Aleksei Riikonen - http://www.iki.fi/aleksei