20 October 2012, 00:53
The base concept is good. Whether the majority of people will hold to it is another question.
There are a couple of places that have done the same thing. It basically allows people in the area to be in direct control of prices, inflation, deflation, and the alike. It's like that Bank of Dave program. Moving away from big businesses, and more towards a community lead project.
I wish it all the best, but also see that the widening area could also catch on, and inevitably cause a huge dispute and a fall in the strength of the British Pound, in the international markets. It one of the major cities in a country starts printing it's own money, based on a fall of faith in the national currency....that ain't going to look good to potential, or current, investors!!! Which, could inevitably speed the collapse of the currency.
Or then again, it might be a superstar and make Bristol very rich. However, it might just be a fad, and everyone just laughs it off and makes it into a giant flop for Bristol.
There are a couple of places that have done the same thing. It basically allows people in the area to be in direct control of prices, inflation, deflation, and the alike. It's like that Bank of Dave program. Moving away from big businesses, and more towards a community lead project.
I wish it all the best, but also see that the widening area could also catch on, and inevitably cause a huge dispute and a fall in the strength of the British Pound, in the international markets. It one of the major cities in a country starts printing it's own money, based on a fall of faith in the national currency....that ain't going to look good to potential, or current, investors!!! Which, could inevitably speed the collapse of the currency.
Or then again, it might be a superstar and make Bristol very rich. However, it might just be a fad, and everyone just laughs it off and makes it into a giant flop for Bristol.
Dissent is the highest form of Patriotism - Thomas Jefferson
Those who sacrifice freedom for security deserve neither - Benjamin Franklin
Those who sacrifice freedom for security deserve neither - Benjamin Franklin