Urgent Evoke

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The Future Of Money - My Transaction

An interesting mission. My use of an alternative currency was done in collaboration with agent Paul Freund (I'm sure he'll make a similar post). We had been speaking about an international currency and both felt, that even though it would be unbelievably difficult to implement, that it would be the brightest possible future of money available. We decided to conduct a small amount of economic transactions using something apart from money as our currency.

We agreed on using the lids of coke bottles as our currency for the economic transactions. We gave ourselves a few days to collect as many as we could. I managed to collect 13 whereas Paul got hold of 21. The next day we set about making transactions based solely on these coke bottle lids.

It was a fun small scale experiment to conduct. We tagged a value to the objects that we "bought" and "sold". The truth is though, that it couldn't really be effective because at the end of the day, if I had "sold" something to Paul, all I had gotten was a lousy handful of coke bottle lids! We did agree though that if everyone used a similar currency daily, the concept had the potential to work on a larger scale.

Views: 11

Comment by A.V.Koshy on May 8, 2010 at 9:20pm
you want the wh*** world to have just one currency?
Comment by Martin Dyer on May 8, 2010 at 10:03pm
it's far fetched but yes. An international currency.
Comment by A.V.Koshy on May 8, 2010 at 10:18pm
not sound as a principle of economics but for trade travel etcwould be good...
economic soudness needs differentiation that has to be visible in the symbols of exchange and value too
Comment by A.V.Koshy on May 8, 2010 at 10:19pm
*soundness
Comment by Sarah O.Connor Panamericana on May 8, 2010 at 10:30pm
you need a local currency too Martin,
Delta Mission, google : "LETS"
http://en.wikipedia.org/wiki/Local_Exchange_Trading_Systems
Comment by Samuel Gyllenberg on May 8, 2010 at 10:38pm
It's interesting, just as i've been reading. But the need for virtual money that anyone could use anywhere, along with the need for more local currency based on status or community deeds puts up a interesting predicament where bank's and currency traders might yet again be in the center of development.
Comment by Martin Dyer on May 9, 2010 at 11:12am
good points thanks. I'd have to agree that local currencies could very well hold a great part of the solution.

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