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If such things interest anyone, here's some relevant Wikipedia links: https://en.wikipedia.org/wiki/Ithaca_Hours https://en.wikipedia.org/wiki/Ithaca_Hours (on
by Lazare 3y ago
If such things interest anyone, here's some relevant Wikipedia links:
https://en.wikipedia.org/wiki/Ithaca_Hours https://en.wikipedia.org/wiki/Ithaca_Hours (one of the larger systems, and the one Kootenay's was copied from, now defunct)
https://en.wikipedia.org/wiki/Local_currency https://en.wikipedia.org/wiki/Local_currency (a general name for such currencies, with a list of a bunch of different ones)
https://en.wikipedia.org/wiki/Time-based_currency https://en.wikipedia.org/wiki/Time-based_currency (not all local currencies are based on time but Kootenay Barter and Ithaca Hours were)
Although interesting, I should probably note that as a general rule, they have never seen high adoption, aren't very clear about what problems they're trying to solve, and seem to have minimal advantages over, well, any other solution. Even in places where a local currency system is nominally operating, you generally have to look very, very hard to find anyone participating (or indeed, who has even heard of it).
Also, the Kootenay currency has been defunct for something like 15-20 years.