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unit
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$US, DM, Fr, etc., mediated through $US
|
1 HOUR = $10 U.S.
(bills)
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hour of service
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Green $ = $
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$ (SF)
|
Hour
|
Hour
|
|
details
|
Debt-based fiat money, bearing interest; thus promoting competition.
|
Backed fiat currency whose supply must be managed
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Usually fixed exchange rate:
your hour = my hour
|
Most prevalent local system
|
Uses national currency (SF) for unit of account; WIR for settlements.
|
Negotiated exchange rate
Demurrage charge on both + and - balances
|
Negotiated exchange rate
Demurage on both + and - balances
|
|
main benefit
|
Legal Tender
|
Ease of Use:
Bills
|
Simplest System
|
Ease of Use: Single pricing for national and green currency
|
Oldest and largest local system: 80,000 members; $2 billion/year)
|
Synthesis of most robust features of all other local systems
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Supports the GIFT economy. Specific to re-localisation
|
