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The Bristol Pound

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Paddy Jinnah
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« on: February 06, 2012, 09:43:43 »

I'v been banging on for years how everything should go more local. It's all about keeping wealth within the community etc. Need to get more on it with barter cards too imo.


http://www.bbc.co.uk/news/uk-england-bristol-16852326
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« Reply #1 on: February 06, 2012, 09:48:16 »

It's a nice idea but the only people who will accept payment in Bristol pounds are people who would spend their money locally anyway. No-one who wants to spend their money in Tesco or McDonald's is going to voluntarily adopt a currency which can only be spent in independent outlets.
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« Reply #2 on: February 06, 2012, 10:04:40 »

 Angry

Anyone who agrees with a local currency is a fukin idiot , FACT.
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« Reply #3 on: February 06, 2012, 10:07:30 »

Angry

Anyone who agrees with a local currency is a fukin idiot , FACT.

explain
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« Reply #4 on: February 06, 2012, 10:26:12 »

Angry

Anyone who agrees with a local currency is a fukin idiot , FACT.

Anyone who gets offensive and derogatory over a voluntary scheme that attempts to help communities is a  .......?

The Brixton Pound - http://brixtonpound.org/
The Stroud Pound - http://www.stroudpound.org.uk/
The Lewes Pound - http://www.thelewespound.org/

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« Reply #5 on: February 06, 2012, 10:31:43 »

I don't agree with this kind of protectionism. Can someone please explain how this benefits me?
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« Reply #6 on: February 06, 2012, 10:45:13 »

I don't agree with this kind of protectionism. Can someone please explain how this benefits me?

I don't think this particular idea will work but in a general sense the principle of keeping money in the local economy would benefit you by:
- Increasing the affluence of your neighbours, reducing crime levels and increasing the vibrancy of your area.
- Creating more meaningful employment opportunities.
- Contributing to a reduction in national/global inequality.
- Improving the diversity among businesses located in your area.
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« Reply #7 on: February 06, 2012, 10:51:55 »

I don't agree with this kind of protectionism. Can someone please explain how this benefits me?

I don't think this particular idea will work but in a general sense the principle of keeping money in the local economy would benefit you by:
- Increasing the affluence of your neighbours, reducing crime levels and increasing the vibrancy of your area.
- Creating more meaningful employment opportunities.
- Contributing to a reduction in national/global inequality.
- Improving the diversity among businesses located in your area.

Sounds like all we need right now tbh..
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« Reply #8 on: February 06, 2012, 11:30:18 »


Quote
Anyone who gets offensive and derogatory over a voluntary scheme that attempts to help communities is a  .......?


There's an idiot then i guess
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« Reply #9 on: February 06, 2012, 11:32:14 »

Angry

Anyone who agrees with a local currency is a fukin idiot , FACT.

explain

No, go and read.

*edit - http://www.google.co.uk/search?rlz=1C1GGGE_en-gbGB395GB395&aq=f&sourceid=chrome&ie=UTF-8&q=symbolic+currency+#sclient=psy-ab&hl=en&rlz=1C1GGGE_en-gbGB395GB395&source=hp&q=local+currency+united+nations+2050&pbx=1&oq=local+currency+united+nations+2050&aq=f&aqi=&aql=&gs_sm=e&gs_upl=32389l36570l2l36885l20l16l0l4l4l0l103l989l15.1l20l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=19a63b78c29b88c4&biw=1366&bih=643

a search, with reading on it.
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« Reply #10 on: February 06, 2012, 11:38:13 »

http://www.fas.org/sgp/crs/misc/R41969.pdf interesting, if not late in the game, but thats how we work here,always late.
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« Reply #11 on: February 06, 2012, 11:58:24 »

Interesting reading Wes but the Bristol currency is a domestic issue within a very closed system. I just can't see how it relates to the larger issues covered by the 2050 stuff.

The first .pdf talks of smaller western economies employing protectionist measures to counter the effect of the more powerful emerging economies - surely this is what the Bristol currency is attempting to do - all be it on a smaller scale.

I still don't get what your problem with it is?
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« Reply #12 on: February 06, 2012, 12:54:43 »

BBC site is saying there's a competition to design the pound notes.

I think you all know what to do....  Grin
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« Reply #13 on: February 06, 2012, 12:58:56 »

Angry

Anyone who agrees with a local currency is a fukin idiot , FACT.
The stars must be perfectly aligned...It's not often we agree...
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« Reply #14 on: February 06, 2012, 13:12:55 »

It's a nice idea but the only people who will accept payment in Bristol pounds are people who would spend their money locally anyway. No-one who wants to spend their money in Tesco or McDonald's is going to voluntarily adopt a currency which can only be spent in independent outlets.

That's the point, you know if you pay someone in Bristol pounds that the money will only flow locally, so one can spot a shop with a commitment to the local economy simply by the fact you can pay them in bristol pounds - don't need to speak to them or trust that they're buying local, all the information is already transmitted by their choice of currency.

These ideas will only start to get real legs when they move away from being "complementary" with a 1:1 parity with the pound, to being able to buy in for 90p or just not based on the pound whatsoever, that's a way off yet though.

Last time I spoke to the Bristol pound guys they were trying to convince the council to allow rates to be paid in Bristol Pounds (I can almost see Wes doing backflips) - does anybody know if they got permission?
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« Reply #15 on: February 06, 2012, 13:28:12 »

It's a nice idea but the only people who will accept payment in Bristol pounds are people who would spend their money locally anyway. No-one who wants to spend their money in Tesco or McDonald's is going to voluntarily adopt a currency which can only be spent in independent outlets.

That's the point, you know if you pay someone in Bristol pounds that the money will only flow locally, so one can spot a shop with a commitment to the local economy simply by the fact you can pay them in bristol pounds - don't need to speak to them or trust that they're buying local, all the information is already transmitted by their choice of currency.

These ideas will only start to get real legs when they move away from being "complementary" with a 1:1 parity with the pound, to being able to buy in for 90p or just not based on the pound whatsoever, that's a way off yet though.

Last time I spoke to the Bristol pound guys they were trying to convince the council to allow rates to be paid in Bristol Pounds (I can almost see Wes doing backflips) - does anybody know if they got permission?

Yeah, I'm pretty sure this went though......
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« Reply #16 on: February 06, 2012, 14:04:30 »

I think it looks nice!

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« Reply #17 on: February 06, 2012, 15:01:09 »

Surely the only way this could keep the money in the local economy would be to stigmatize people who convert it back to sterling, or worse prevent them from doing so?
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« Reply #18 on: February 06, 2012, 15:04:20 »

I think it looks nice!



 Laughing


Love it.
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« Reply #19 on: February 06, 2012, 15:15:38 »

Perhaps for the design we should pitch some of the ideas from the 'flag of your shitty part of town' thread from a couple of years ago

(can't search for the thread on Hijack mobile)
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« Reply #20 on: February 06, 2012, 15:36:27 »

Interesting reading Wes but the Bristol currency is a domestic issue within a very closed system. I just can't see how it relates to the larger issues covered by the 2050 stuff.

The first .pdf talks of smaller western economies employing protectionist measures to counter the effect of the more powerful emerging economies - surely this is what the Bristol currency is attempting to do - all be it on a smaller scale.

I still don't get what your problem with it is?

I have a problem with all existing economic structures. And a few unseen ones.
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« Reply #21 on: February 06, 2012, 15:45:32 »

Surely the only way this could keep the money in the local economy would be to stigmatize people who convert it back to sterling, or worse prevent them from doing so?

Not really, there is enough disincentive (the effort) in transferring your bristol pounds back into sterling (or getting any in the first place if you don't believe in it) to mean that more often than not the money stays in circulation. Brixton, Lewes and Stroud pounds have all maintained circulation more or less.
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« Reply #22 on: February 06, 2012, 15:48:13 »

Perhaps for the design we should pitch some of the ideas from the 'flag of your shitty part of town' thread from a couple of years ago

(can't search for the thread on Hijack mobile)

Or even what £5/10/20 will get you in Bristol. Bag o' weed/beans/flagon of cider etc.
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« Reply #23 on: February 06, 2012, 15:58:46 »

Surely the only way this could keep the money in the local economy would be to stigmatize people who convert it back to sterling, or worse prevent them from doing so?

Not really, there is enough disincentive (the effort) in transferring your bristol pounds back into sterling (or getting any in the first place if you don't believe in it) to mean that more often than not the money stays in circulation. Brixton, Lewes and Stroud pounds have all maintained circulation more or less.

Sorry ben, i know ur a fan of the idea, even have helped nudge it along, but cant u see that this is putting people into a box, its going to restrict their ability to operate in this so called reflexive world, we cant allow any measures that put human beings into closed systems. It might look good on the face of it, but its just another baby step toward the 'green sustainable economy aka 2050' , its not right, its just not right, look at the bigger picture ffs.
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« Reply #24 on: February 06, 2012, 16:30:06 »

How do you first get the Bristol Pound money? do you go and exchange real money with them and do they hold it and you can change it baxck whenever?
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« Reply #25 on: February 06, 2012, 16:47:52 »

Surely the only way this could keep the money in the local economy would be to stigmatize people who convert it back to sterling, or worse prevent them from doing so?

Not really, there is enough disincentive (the effort) in transferring your bristol pounds back into sterling (or getting any in the first place if you don't believe in it) to mean that more often than not the money stays in circulation. Brixton, Lewes and Stroud pounds have all maintained circulation more or less.

Sorry ben, i know ur a fan of the idea, even have helped nudge it along, but cant u see that this is putting people into a box, its going to restrict their ability to operate in this so called reflexive world, we cant allow any measures that put human beings into closed systems. It might look good on the face of it, but its just another baby step toward the 'green sustainable economy aka 2050' , its not right, its just not right, look at the bigger picture ffs.

Just for the record, I'm not a "fan" of the idea, but I think people should be free to set up local currencies if they choose to. How is allowing somebody to set up their own currency that you are free to use or not to use as you wish putting people into a closed system?

I'm not quite sure what you think "the plan" is with the 2050 thing, and to what level coercion is going to be used to enforce it, but let's say for a second that you are right and that it's baby steps towards something bad...

All these currencies are set up by people who want to model money as something to, in their own eyes, achieve a goal that isn't happening now. I think we can agree that these innovators aren't complicit in the grand scheme, and they have looked at the world as it is now and want to change it using money. Some of them end up producing the bristol pound, and others have gone on to produce things like bitcoin.

Is it perceivable that if the same people who desire change see these local currencies working against their goals, they might innovate again as they have done today and circumnavigate the grand plan?

Where you see local COMPLEMENTARY currency schemes playing into the hands of the state / UN grand plan, I see them as baby steps towards breaking free of any possible plans laid by the state completely. This is why bitcoin was so vigorously opposed by the Senate in the states, because it threatens the very existence of the state.

As soon as people see heavy regulation involving complementary local currencies, they might again innovate to get around what they perceive to be the undesirable elements of it.  If they choose to break free of fiat currencies completely, taxation becomes utterly impossible, as people just start being paid in the alternative, or switching to yet another alternative if the government starts taxing that - coercive taxation becomes impossible. complementary currencies like these are good for keeping things local, but they also get people thinking differently about money, and what gives it value. Right now money has value because if you don't use it, you get thrown in jail. If people start to disagree with this idea, they will invent their own money.

Of course the UN are trying to harness schemes like this to fit in with sustainability objectives, but it is also because they don't want them to evolve into something that all states fear, free banking and competing currencies....

There's lots of literature on free banking and denationalised currencies, you might be interested in reading some Murrary Rothbard or Hayek (denationalising money) if you haven't already, would be useful to see the other path that innovation in currency could take us down...

People invented these currencies because they felt like the pound was too restrictive, it didn't allow them to control where their money ended up. If people see vast supranational institutions usurping these systems so that the money ends up where THEY want it, they will simply innovate again and fuck off the fiat currency completely, it has happened already with bitcoin and it will happen again.
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« Reply #26 on: February 06, 2012, 16:55:03 »

i reckons the bristol pound is a good idea and support the venture Two Thumbs
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« Reply #27 on: February 07, 2012, 12:29:42 »

http://www.bbc.co.uk/iplayer/episode/b01bycsv/Inside_Out_West_06_02_2012/
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« Reply #28 on: February 07, 2012, 12:35:18 »

it didn't allow them to control where their money ended up.

Once they've spent it it isn't theirs any more? Its a real easy argument to make that, in the interests of a free market, one should stake no claim to how money is used once it has left one's care.

edit: I think bitcoin is amazing though. Bitcoin itself won't survive imo, because the "real life" hardware and power costs of mining already eclipse the returns despite only one third of the mining being done. The exponential nature of the growth of the system makes the difficulty of mining grow exponentially (provided said growth in total network processing power continues unabated), and seeing as mining privately is already not profitable I wouldn't expect the cap to be reached before the system is superseded by an improvement based upon it. Perhaps the cap never being reached will not be a negative. Even a third of the cap, as we presently have available, presents enough of the smallest trade-able unit to keep the currency usable in spite of deflation in the millions of percent. The worry is mass desertion to a new currency, with the inherent easier mining in the early life of the system attracting people away from bitcoin. There's a ways to go, but if ever the phrase "democracy 2.0" was embodied it is in bitcoin.
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« Reply #29 on: February 07, 2012, 13:07:35 »

Can it be used to pay drug dealers? Actually, how easy is it to forge?
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« Reply #30 on: February 07, 2012, 13:07:56 »

How do you first get the Bristol Pound money? do you go and exchange real money with them and do they hold it and you can change it baxck whenever?

This is what I was wondering. If you can change it back whenever then surely it kind of defeats the point.

Also if you spend a Bristol pound in a shop can they only give you change in Bristol pounds? If so then will all people who accept the currency need to keep separate accounts for it?
Finally in the BBC video report they talk about making online payments and mobile payments. So presumably these will need to be done via a bank of some sort (we don't have the capability ourselves of converting the hard currency into something that can be spent online) are they setting up a "Bristol Bank" to manage this then?

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« Reply #31 on: February 07, 2012, 13:12:32 »

How do you first get the Bristol Pound money? do you go and exchange real money with them and do they hold it and you can change it baxck whenever?

This is what I was wondering. If you can change it back whenever then surely it kind of defeats the point.

Also if you spend a Bristol pound in a shop can they only give you change in Bristol pounds? If so then will all people who accept the currency need to keep separate accounts for it?
Finally in the BBC video report they talk about making online payments and mobile payments. So presumably these will need to be done via a bank of some sort (we don't have the capability ourselves of converting the hard currency into something that can be spent online) are they setting up a "Bristol Bank" to manage this then?



Presumably the credit union which is backing the currency will escrow electronic transactions.
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« Reply #32 on: February 07, 2012, 13:22:23 »

it didn't allow them to control where their money ended up.

Once they've spent it it isn't theirs any more? Its a real easy argument to make that, in the interests of a free market, one should stake no claim to how money is used once it has left one's care.

edit: I think bitcoin is amazing though. Bitcoin itself won't survive imo, because the "real life" hardware and power costs of mining already eclipse the returns despite only one third of the mining being done. The exponential nature of the growth of the system makes the difficulty of mining grow exponentially (provided said growth in total network processing power continues unabated), and seeing as mining privately is already not profitable I wouldn't expect the cap to be reached before the system is superseded by an improvement based upon it. Perhaps the cap never being reached will not be a negative. Even a third of the cap, as we presently have available, presents enough of the smallest trade-able unit to keep the currency usable in spite of deflation in the millions of percent. The worry is mass desertion to a new currency, with the inherent easier mining in the early life of the system attracting people away from bitcoin. There's a ways to go, but if ever the phrase "democracy 2.0" was embodied it is in bitcoin.

No it's not theirs anymore, but there is information embedded within the acceptance of BP as money that conveys to the buyer a commitment to the local economy. You make decisions like this every time you spend money, all the people who try to shop ethically do it consciously - this just makes it easier and takes away the element of trust, you can also be fairly certain that the money will keep flowing around bristol, not for instance go from shopkeeper > distributor > evil megacorp.

Sterling doesn't convey information about the eventual destination of the revenue from your purchase, which is why a lot of locally minded people like this kind of idea.

Bitcoin failed because it wasn't secure, the expense of extraction didn't matter - all the exchanges got hacked and the money stolen because the bitcoins weren't encrypted. I think as long as bitcoin was secure and anonymous that was where it got most of its value. I can't remember the stats, but I think much more than half of the mining was done by botnets or other distributed networks (university computers), so the cost of extraction didn't really factor in to it.

Money is worth as much as it is useful anyway, not how much it costs to produce! If I couldn't buy drugs and child porn with Bitcoins then all I would own was a token that represented processing power.
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« Reply #33 on: February 07, 2012, 13:23:29 »

How do you first get the Bristol Pound money? do you go and exchange real money with them and do they hold it and you can change it baxck whenever?

This is what I was wondering. If you can change it back whenever then surely it kind of defeats the point.

Also if you spend a Bristol pound in a shop can they only give you change in Bristol pounds? If so then will all people who accept the currency need to keep separate accounts for it?
Finally in the BBC video report they talk about making online payments and mobile payments. So presumably these will need to be done via a bank of some sort (we don't have the capability ourselves of converting the hard currency into something that can be spent online) are they setting up a "Bristol Bank" to manage this then?



Presumably the credit union which is backing the currency will escrow electronic transactions.

And lend out all the money you deposit with them through fractional reserve banking, and then call on deposit insurance from the government if it all goes wrong!
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« Reply #34 on: February 07, 2012, 13:41:54 »

it didn't allow them to control where their money ended up.

Once they've spent it it isn't theirs any more? Its a real easy argument to make that, in the interests of a free market, one should stake no claim to how money is used once it has left one's care.

edit: I think bitcoin is amazing though. Bitcoin itself won't survive imo, because the "real life" hardware and power costs of mining already eclipse the returns despite only one third of the mining being done. The exponential nature of the growth of the system makes the difficulty of mining grow exponentially (provided said growth in total network processing power continues unabated), and seeing as mining privately is already not profitable I wouldn't expect the cap to be reached before the system is superseded by an improvement based upon it. Perhaps the cap never being reached will not be a negative. Even a third of the cap, as we presently have available, presents enough of the smallest trade-able unit to keep the currency usable in spite of deflation in the millions of percent. The worry is mass desertion to a new currency, with the inherent easier mining in the early life of the system attracting people away from bitcoin. There's a ways to go, but if ever the phrase "democracy 2.0" was embodied it is in bitcoin.

No it's not theirs anymore, but there is information embedded within the acceptance of BP as money that conveys to the buyer a commitment to the local economy. You make decisions like this every time you spend money, all the people who try to shop ethically do it consciously - this just makes it easier and takes away the element of trust, you can also be fairly certain that the money will keep flowing around bristol, not for instance go from shopkeeper > distributor > evil megacorp.

Sterling doesn't convey information about the eventual destination of the revenue from your purchase, which is why a lot of locally minded people like this kind of idea.

Bitcoin failed because it wasn't secure, the expense of extraction didn't matter - all the exchanges got hacked and the money stolen because the bitcoins weren't encrypted. I think as long as bitcoin was secure and anonymous that was where it got most of its value. I can't remember the stats, but I think much more than half of the mining was done by botnets or other distributed networks (university computers), so the cost of extraction didn't really factor in to it.

Money is worth as much as it is useful anyway, not how much it costs to produce! If I couldn't buy drugs and child porn with Bitcoins then all I would own was a token that represented processing power.

Bitcoin hasn't failed. It currently has a market cap of around $46,000,000. Which is far from worthless. There's around 15,000 BTC (approx £45,000) in transactions per hour at the moment. The very nature of the mining of bitcoins is based on established cryptography. The wallets weren't originally encrypted but users can now opt in to wallet encryption. Modern computers use more power when they are crunching, so a University which allows a distributed mining effort still does pay for extra electricity. There is economy over and above what can be achieved with a dedicated rig, of course, but a good GPU can process around 3000 hashes a second, compared to around 200-300 on a CPU, so a single gaming rig is potentially as fast as 10 workstations with on-board GFX which need to use their CPU instead of a vertex shading GPU to run hash checks. In short the sort of kit that universities don't have much of is better at bitcoin mining than the sort of stuff that universities have.

A true compromise of the bitcoin ecosystem, after recent improvements to the protocol, requires one to control over 50% of the active nodes afaik. And even then you can't, can't, can't steal someone else's money. You can double-spend your own and you can refuse to validate the transactions of others but you can not steal within the bounds of the system. Using a trojan to steal a wallet was how that was previous achieved, and now with wallet encryption that hole is plugged.

To clarify, it will die. But it is far from dead.
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« Reply #35 on: February 07, 2012, 13:56:19 »

it didn't allow them to control where their money ended up.

Once they've spent it it isn't theirs any more? Its a real easy argument to make that, in the interests of a free market, one should stake no claim to how money is used once it has left one's care.

edit: I think bitcoin is amazing though. Bitcoin itself won't survive imo, because the "real life" hardware and power costs of mining already eclipse the returns despite only one third of the mining being done. The exponential nature of the growth of the system makes the difficulty of mining grow exponentially (provided said growth in total network processing power continues unabated), and seeing as mining privately is already not profitable I wouldn't expect the cap to be reached before the system is superseded by an improvement based upon it. Perhaps the cap never being reached will not be a negative. Even a third of the cap, as we presently have available, presents enough of the smallest trade-able unit to keep the currency usable in spite of deflation in the millions of percent. The worry is mass desertion to a new currency, with the inherent easier mining in the early life of the system attracting people away from bitcoin. There's a ways to go, but if ever the phrase "democracy 2.0" was embodied it is in bitcoin.

No it's not theirs anymore, but there is information embedded within the acceptance of BP as money that conveys to the buyer a commitment to the local economy. You make decisions like this every time you spend money, all the people who try to shop ethically do it consciously - this just makes it easier and takes away the element of trust, you can also be fairly certain that the money will keep flowing around bristol, not for instance go from shopkeeper > distributor > evil megacorp.

Sterling doesn't convey information about the eventual destination of the revenue from your purchase, which is why a lot of locally minded people like this kind of idea.

Bitcoin failed because it wasn't secure, the expense of extraction didn't matter - all the exchanges got hacked and the money stolen because the bitcoins weren't encrypted. I think as long as bitcoin was secure and anonymous that was where it got most of its value. I can't remember the stats, but I think much more than half of the mining was done by botnets or other distributed networks (university computers), so the cost of extraction didn't really factor in to it.

Money is worth as much as it is useful anyway, not how much it costs to produce! If I couldn't buy drugs and child porn with Bitcoins then all I would own was a token that represented processing power.

Bitcoin hasn't failed. It currently has a market cap of around $46,000,000. Which is far from worthless. There's around 15,000 BTC (approx £45,000) in transactions per hour at the moment. The very nature of the mining of bitcoins is based on established cryptography. The wallets weren't originally encrypted but users can now opt in to wallet encryption. Modern computers use more power when they are crunching, so a University which allows a distributed mining effort still does pay for extra electricity. There is economy over and above what can be achieved with a dedicated rig, of course, but a good GPU can process around 3000 hashes a second, compared to around 200-300 on a CPU, so a single gaming rig is potentially as fast as 10 workstations with on-board GFX which need to use their CPU instead of a vertex shading GPU to run hash checks. In short the sort of kit that universities don't have much of is better at bitcoin mining than the sort of stuff that universities have.

A true compromise of the bitcoin ecosystem, after recent improvements to the protocol, requires one to control over 50% of the active nodes afaik. And even then you can't, can't, can't steal someone else's money. You can double-spend your own and you can refuse to validate the transactions of others but you can not steal within the bounds of the system. Using a trojan to steal a wallet was how that was previous achieved, and now with wallet encryption that hole is plugged.

To clarify, it will die. But it is far from dead.

Well it still failed with the hack, and is undoubtedly still worth less than it was before that, no? My point about the distributed computer systems is that in a large amount of cases, the people who were mining weren't paying for any of the electricity, so it didn't factor into the price of a coin too much, it was more about what you could buy with them - this is why the price collapsed when the hack happened because of the value of the coins went down, not the cost.

Good that they've patched the wallets though, I hope it carries on working!
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« Reply #36 on: February 07, 2012, 14:25:25 »


Brilliant ha, love how the fat cat sterling banker is getting put in his place.

Fantastic online & taxes can be done in Bristol Pounds too, Im fully in this. Makes me well happy to see some equality geographically, and socially Tomato Slayer! Tomato Slayer! Tomato Slayer!
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« Reply #37 on: February 07, 2012, 15:37:00 »

This was my quick entry, inspired by Andy Warhol.

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« Reply #38 on: February 07, 2012, 17:11:07 »

http://www.bristolpound.org/BristolPound_Competition.pdf  Two Thumbs
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« Reply #39 on: February 07, 2012, 17:52:20 »

 Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing Laughing
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« Reply #40 on: February 07, 2012, 18:15:11 »

 Tongue
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« Reply #41 on: February 07, 2012, 18:21:12 »

A good reason for the Bristol pound: https://www.youtube.com/watch?feature=player_embedded&v=b8jyozRFiOQ
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« Reply #42 on: February 07, 2012, 20:44:26 »


Ironically, you're actually supporting wars like this by buying in in the first place. Credit Unions (and the people they bank with) buy government bonds to keep as capital so they can lend, which means that a portion of every bristol pound you buy from the credit union gets lent to the government.
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« Reply #43 on: February 08, 2012, 08:28:00 »

Can it be used to pay drug dealers? Actually, how easy is it to forge?

One of the main attributes to a local currency is the lowering of crime. especially drug related crime.
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« Reply #44 on: February 08, 2012, 11:31:42 »

What would a k-hole look like via the medium of crayons or MS Paint Huh
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« Reply #45 on: March 06, 2012, 17:33:27 »

The case against the BP: http://rossparker.com/2012/03/05/against-the-bristol-pound/

I'm not sure where I sit to be honest but either way I can't see myself picking up any Bristol Pounds. Why would I go out of my way to pick up BP's when I have perfectly good sterling in my pocket and on my card?

Can I not just keep my money in Bristol by shopping locally in sterling?
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« Reply #46 on: September 18, 2012, 15:50:08 »

Launching tomorrow

http://bristolpound.org/

http://www.thisisbristol.co.uk/Local-currency-Bristol-Pound-goes-live-tomorrow/story-16929486-detail/story.html
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« Reply #47 on: September 18, 2012, 17:52:46 »

This will die on it's ass. In 12 months time you will see wads of them out for collection in Bishopston recycling bins.
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« Reply #48 on: September 18, 2012, 18:32:59 »

The illusion of localism is the triumph of globalisation.
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« Reply #49 on: September 18, 2012, 18:50:13 »

The illusion of localism is the triumph of globalisation.

Explain please.
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« Reply #50 on: September 18, 2012, 18:55:24 »

The illusion of localism is the triumph of globalisation.

Explain please.

you put your left leg in, left leg out, in out, in out ..... its then you realise your ocd has gotten out of hand
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« Reply #51 on: September 19, 2012, 10:54:52 »

http://www.bbc.co.uk/news/uk-england-bristol-19627592

Quote
The idea is to help local traders by issuing money which customers can only use in their shops. In turn, customers know that the shop must then buy its stock from a local supplier, or pay a 3% fee to convert the Bristol Pound back into sterling.

How does that benefit a business?
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« Reply #52 on: September 19, 2012, 11:12:38 »

http://www.bbc.co.uk/news/uk-england-bristol-19627592

Quote
The idea is to help local traders by issuing money which customers can only use in their shops. In turn, customers know that the shop must then buy its stock from a local supplier, or pay a 3% fee to convert the Bristol Pound back into sterling.

How does that benefit a business?

http://en.wikipedia.org/wiki/Valorisation

davidharvey.org
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« Reply #53 on: September 19, 2012, 23:13:38 »

This has even made the news Down Under.

At least people are actually trying something new.
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« Reply #54 on: September 20, 2012, 07:15:25 »

This has even made the news Down Under.

At least people are actually trying something new.

As in adopting a local currency or Watching the news?
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« Reply #55 on: September 20, 2012, 07:57:06 »

This has even made the news Down Under.

At least people are actually trying something new.

New? since when has money been 'new'..... You seriously dont know when ur being blagged do you? get mugged alot?
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« Reply #56 on: September 20, 2012, 10:34:11 »

This has even made the news Down Under.

At least people are actually trying something new.

As in adopting a local currency or Watching the news?

Arf


This has even made the news Down Under.

At least people are actually trying something new.

New? since when has money been 'new'..... You seriously dont know when ur being blagged do you? get mugged alot?

You tiresome oik.
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« Reply #57 on: September 20, 2012, 10:55:56 »

New? since when has money been 'new'.....
I've actually got a very shiny ten pence in my pocket.  Pimp
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« Reply #58 on: September 20, 2012, 11:27:48 »

New? since when has money been 'new'.....
I've actually got a very shiny ten pence in my pocket.  Pimp

Don't forget it was new when decimalisation came in as well.

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« Reply #59 on: September 20, 2012, 15:00:21 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.
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« Reply #60 on: September 20, 2012, 15:50:52 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

Was hoping you'd come into this thread to challenge Wes to a fight again  Sad
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« Reply #61 on: September 20, 2012, 15:52:03 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

Was hoping you'd come into this thread to challenge Wes to a fight again  Sad

That tail went between the legs a LONG time ago mate. Smiley
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« Reply #62 on: September 20, 2012, 17:06:32 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

this i agree with
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« Reply #63 on: September 20, 2012, 17:06:52 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

Was hoping you'd come into this thread to challenge Wes to a fight again  Sad

That tail went between the legs a LONG time ago mate. Smiley

but this is talking shiiiiiiiiiiiiiiiiit
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« Reply #64 on: September 20, 2012, 17:07:22 »

This has even made the news Down Under.

At least people are actually trying something new.

As in adopting a local currency or Watching the news?

Arf


This has even made the news Down Under.

At least people are actually trying something new.

New? since when has money been 'new'..... You seriously dont know when ur being blagged do you? get mugged alot?

You tiresome oik.

Wanker
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« Reply #65 on: September 20, 2012, 22:59:55 »

Wanker

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I love you too Wes  Kiss
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« Reply #66 on: September 20, 2012, 23:42:39 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

Was hoping you'd come into this thread to challenge Wes to a fight again  Sad

That tail went between the legs a LONG time ago mate. Smiley

but this is talking shiiiiiiiiiiiiiiiiit

So you are going to fight?  Maybe you could do it on stage at Brisfest this weekend  Two Thumbs
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« Reply #67 on: September 21, 2012, 11:10:18 »

So in order to boost free market ideology, we make a currency which is limited in scope and acceptance.

Mental.

If people want to shop locally, they will do so. This is PRSC mentalism taken to the Nth degree.

Was hoping you'd come into this thread to challenge Wes to a fight again  Sad

That tail went between the legs a LONG time ago mate. Smiley

but this is talking shiiiiiiiiiiiiiiiiit

So you are going to fight?  Maybe you could do it on stage at Brisfest this weekend  Two Thumbs

Id drive up for that!
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simba
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« Reply #68 on: September 21, 2012, 11:25:05 »

http://www.guardian.co.uk/uk/2012/sep/21/bristol-banks-alternative-pound-retailers

Quote
There are no signs saying the Bristol pound is accepted outside the various massage parlours in the area.
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« Reply #69 on: February 14, 2018, 11:01:10 »

Bitcoin itself won't survive imo

lol.
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[ img]http://tinyurl.com/2bg4oo[/img]

Please listen to and enjoy my new track 'Shit War'. It's a commentary
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I heard they drink Magners on Turbo Island these days.
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