Statements like "Totnes, a town of about 8,000 people" and "In Totnes, there are about 5,000 notes in circulation" suggest to me this is no more than a gimmick.

Statements like "Totnes, a town of about 8,000 people" and "In Totnes, there are about 5,000 notes in circulation" suggest to me this is no more than a gimmick. Even as a local currency it can't work.