Comments on: Hullcoin World’s First Local Government Cryptocurrency?

By: John Rogers

Tue, 15 Apr 2014 07:50:22 +0000

Hull is my home town so I took a particular interest in this piece of news.

The article I read first was dated April 1st, so my first reaction was “It’s an April Fool joke”! Then disbelief when I realised they were serious. Applying the Bitcoin ‘model’ would be a disaster for a town already suffering enough from the authoritarian hand of Austerity.

It seems like money makes us all crazy and when it’s scarce, even crazier.

IT’S NOT ABOUT THE CURRENCY, it’s about what the currency DOES. What Hull really needs is a responsibly, carefully designed regional currency based on local assets and resources NOT some fashionable anarcho-libertarian wet dream! I hope to be able to help them in that design task.

]]>

By: Mike Riddell

Sat, 12 Apr 2014 12:07:11 +0000

The known unknowns of the tax and benefits implications of using a community currency really do need to be addressed, if as you say Matt, that the Bank of England paid Hull a call.

Michel, are any of your readers able to provide some sign-posting for me?

Thanks, Mike.

]]>

By: Matthew Slater

Thu, 10 Apr 2014 23:42:45 +0000

Yes the Bank of England paid them a call they’ve retracted this announcement to reconsider.

]]>

By: Mike Riddell

Thu, 10 Apr 2014 13:19:59 +0000

I think Hull council have pulled the idea. Looks to me like their plans were leaked in advance of any real news to report, and the subsequent excitement caught them all of guard so they bottled it I believe.

I think that’s how the Guardian reported it anyhow.

]]>