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There is interfacing, the town government directly exchanges the wood money for US money twice a month.... The real argument would be these are essentially rede

There is interfacing, the town government directly exchanges the wood money for US money twice a month.... The real argument would be these are essentially redemption tokens with equal value to US money, you can't speculate or invest in them because they will only ever be worth the same amount in US money.

toomuchtodo 6y ago
You could speculate on them based on the value of what you can buy in town. Maybe they’re worth more if a business would only accept fake fiat over dollars, or worth less because you can only spend this currency in this one geographic location. Like osmosis, if there is a value gradient, you can arbitrage it given a means to exchange that value.
- NotSammyHagar 6y ago
  This isn't too far from Olympia. I wonder if there are some opportunities to buy things cheaper for cash than with the script dollars. I guess they address that by letting businesses exchange them back for the same. Still that's a tiny bit of overhead and there's a tiny chance making them less than equal to dollars because of the exchange. It's really a great idea for a small town.