Related: Local Exchange Trading System (LETS), “a locally initiated, democratically organised, not-for-profit community enterprise that provides a community inf

Related: Local Exchange Trading System (LETS), “a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency.” “LETS allow people to negotiate the value of their own hours or services, and to keep wealth in the locality where it is created.” https://en.wikipedia.org/wiki/Local_exchange_trading_system https://en.wikipedia.org/wiki/Local_exchange_trading_system Basically LETS are similar to the system described in the OP article, but in LETS you cannot take without having given, and value is assigned to transactions so that in order to get something of a certain value you must have previously provided at least that much value to someone else. LETS are basically like a money based system except that they don’t use money, and the points can only be spent in your local LETS community.