Comments on: Why community currencies and LETS are not working https://blog.p2pfoundation.net/why-community-currencies-and-lets-are-not-working/2007/02/21 Researching, documenting and promoting peer to peer practices Mon, 13 Oct 2014 12:17:55 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Sam Rose https://blog.p2pfoundation.net/why-community-currencies-and-lets-are-not-working/2007/02/21/comment-page-1#comment-33977 Sat, 24 Feb 2007 16:00:22 +0000 http://blog.p2pfoundation.net/why-community-currencies-and-lets-are-not-working/2007/02/21#comment-33977 Hmmm…So the reason that it dodn’t work was because the people who set them up failed to make the currency worth anything?

According to the quotes, the times that it does work, people figured out how to make the currency worth something.

So, to make LETS work, make the currncy *worth* something. Lesson learned. Thanks!

Also, making the system more automatic, less labor intensive. More cybernetic when possible, might help. Plus, giving people legal ways to easily convert community currency to real “hard currency”.

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