This new bank keeps track of goods and skills offered to receive those goods. A person is able to "deposit" the skills used to help neighbors in their community and in return, the person can "withdraw" goods that are needed for the week. For example, a person cut and styled another individual's hair. That counts as a deposit into the bank and can be exchanged for food or yard work that needs to be done. This bank controls the amount of goods withdrawn from the bank in order to protect from…
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Added by Shelly Yichoy on June 1, 2011 at 6:07am —
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Recently, a friend of mine was going to their cousin's graduation party. My friend wanted to bring a really great cheesecake dessert, but didn't know how to make one. I taught him how to make the cheesecake from scratch in time for his cousin's party. In exchange for helping him, he taught me how to change a tire on my bike. I'm participating in a century ride in September and it would be beneficial to know how to change a tire in case I need to. This way, my friend didn't have to go buy a cake…
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Added by Shelly Yichoy on June 1, 2011 at 5:49am —
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I think the greatest impact on the future of money is to trade skills rather than currency. I think if people had genuine interest in helping each other out, communities would benefit from trading skill sets. For example, a baker could trade fresh bread with a gardener who tends to their yard. This type of trade would provide an incentive to work together to lower costs for each other.
Added by Shelly Yichoy on June 1, 2011 at 5:37am —
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