Old Project Avalon Forum (ARCHIVE) - View Single Post - Money of the Future - and how we can implement it

doodah · 09-15-2008, 05:15 PM

[QUOTE=Northboy

LETS systems may also be a solution.

This system , which has been deployed around the world, creates a bill of exchange or promise to pay between to parties, similiar to barter, but has a registry to keep track of transactions and who has promised what. There is a website somewhere where the whole system, including operating manuals, can be downloaded. This may be worth looking at as a transitional position as it makes each participant responsible for their commitments and weeds out those who don't.[/QUOTE]

This sounds good, a way of keeping the barter system fair and avoiding arguments and people forgetting. Where has this system been deployed, as you say? Is it in your area?

09-15-2008, 05:15 PM	#18
doodah Avalon Senior Member Join Date: Sep 2008 Location: Virginia, USA Posts: 373	Re: Money of the Future - and how we can implement it - interesting proposal [QUOTE=Northboy LETS systems may also be a solution. This system , which has been deployed around the world, creates a bill of exchange or promise to pay between to parties, similiar to barter, but has a registry to keep track of transactions and who has promised what. There is a website somewhere where the whole system, including operating manuals, can be downloaded. This may be worth looking at as a transitional position as it makes each participant responsible for their commitments and weeds out those who don't.[/QUOTE] This sounds good, a way of keeping the barter system fair and avoiding arguments and people forgetting. Where has this system been deployed, as you say? Is it in your area?