An idea

http://news.bbc.co.uk/1/hi/magazine/8245276.stm

The LFGSS dollar.

1 LFG$$ = £1

Good for parts, t-shirts, beers, frames, wheels + all the other shit.

The advantage (much like all financial dealings) is that you need not transfer actual promissory notes - but just communicate the intention to do so - maybe VB could set up a simple system of recorded exchange - similar to a 'rep' system.

Just an idea ?

I currently owe Fred 20 LFG$$

how much for the moon ?

how much for the moon ?

Buy or rent?

Brixton pounds! do they actually went ahead with that? I only heard about it years ago but didn't think more of it.

Brixton pounds! do they actually went ahead with that? I only heard about it years ago but didn't think more of it.

no.

Can they be called fgss Mega-bucks?

or FGSS Dorrar?

I see no point in the brixton scheme except that somebody has possibly made £400,000 from printing and exchanging the buggers.

Brixton pounds! do they actually went ahead with that? I only heard about it years ago but didn't think more of it.

I believe it's about to go live...

Can they be called fgss Mega-bucks?

Shurely they should be called Arrospoks?

1 Arrospok = 50 LFG$$

We could mint coins with a five-spoke pattern.

I believe it's about to go live...

it is indeed. Lewes have been doing it for ages - my friend who lives there loves it. http://www.thelewespound.org/

Speak to Hippy. He already has a sack-load.

Shurely they should be called Arrospoks?

1 Arrospok = 50 LFG$$

We could mint coins with a five-spoke pattern.

The advantage (much like all financial dealings) is that you need not transfer actual promissory notes - but just communicate the intention to do so - maybe VB could set up a simple system of recorded exchange - similar to a 'rep' system.

So VB would be acting as a central bank for this currency (Bank of HTFU?). For this to work we would need to have liquidity with the Bank of HTFU (taken in the form of t-shirts, parts and other sh*t of value) to create the LFG$$ for us to spend. If you just communicate intentions, then sooner or later someone will want to settle up and withdraw their profit from the system - if there is nothing there then the collapse in confidence will kill your currency.

On the upside, the seiniorage income could fund the forum.

Brixton pounds! do they actually went ahead with that? I only heard about it years ago but didn't think more of it.

Big piece in The Guardian this week:
http://www.guardian.co.uk/environment/2009/sep/16/will-brixton-pound-work[URL="http://newsimg.bbc.co.uk/media/images/44805000/jpg/_44805325_-7.jpg"][/URL]

there already is the pink pound

The Brixton Pound launches today, actually.

not sure if we are going to do it in the shop, it seems like it will be more trouble than it's worth considering none of us live in Brixton.

wow in about 200 years we could have our very own credit crunch

ace.... wonder if the government would bail us out ?

The HHSB (Hip Hop Slave Bubble) is already about to burst. Give it 6 months when students have blown all their grant cheques. Hipsternomics innit?

Meh, sod that, I want cash money.

I was walking past a cashpoint the other day and this guy had just got about £200 out in £20 notes and a gust of wind blew it everywhere - luckily for him some honest passers by helped him get it all back.

another example why Brixton rules.
everywhere else sucks. (except Herne Hill)

Shurely should be pegged to the humble arrospok? LFG$$ 50 = 1 arrospok

So your LFG$$ would vary in terms of USD or GBP, but never in terms of arrospok.

However this might lead to ASM profiting from currency arbitrage, owing to his "grey" imports of cheap arrospok.

I thought most currencies had moved away from being backed?

i.e. in ye olden days I could go into a bank with their promisary note and they'd have to give me a specific amount of gold in exchange, but that this is no longer the case?

I really like the idea. They definitely need to be called Dorra, though...

another example why Brixton rules.
everywhere else sucks. (except Herne Hill)

it'll never work..

another example why Brixton rules.
everywhere else sucks. (except Herne Hill)

They've been doing this in Dalston for about a year. They're called the Dalston slice and they're made of bread. Seriously.