Moneyless Euro Proposal

That’s good, for local initiatives

Cyclos is good stuff, thanks for adding it. I once tried it for a bit :slight_smile:

We had a discussion here on edgeryders.eu about social currencies / LETS / time banks just recently, and kind of agreed that they work on local scale but cannot be scaled up to any size. For example, one case where they did scale up is the 2001 Argentine debt crisis, where complementary currencies accounted for 25% of GDP, but then also quickly disintegrated due to corruption and internal mismanagement. Social money needs the social element, the local trust within a community, to work properly. (That’s not a criticism, but simply a property of these systems.) Greece has them on the local level too – I met a lady from Volos in 2013 for example, telling me about the city’s LETS currency. But they did not scale up to a national system, and Mr. Varoufakis indicates that the reason for this is something called “Gresham’s Law”. I’m looking for something to work at scale, which is why I’m trying to do without currency tokens at all here.