An example of a LETS scheme
Local Exchange and Trading Scheme
Just to sum up it is an example of a cashless economy where people exchange services. You advertise what you have to offer, it could be babysitting, translating, lending your car, gardening, or whatever, and the scheme allocates a value to the service in units which are the 'virtual currency' of the scheme. Each scheme has its own 'currency'. In Oxford where I used to live it was a 'spoke' as in bicycle spokes.
You notch up credits on a central register or debits if you use others' services. I have no direct experience myself but people I know who are active in LETS schemes are very enthusiastic.
Any suggestions on what DR1ers could offer? Seriously though, it is a system that lends itself to this medium and we could easily set one up if enough were interested. We have to think of a quintessentially Dominican name for the scheme (trueque?) and for the currency unit. Any ideas?
Chiri
Local Exchange and Trading Scheme
Just to sum up it is an example of a cashless economy where people exchange services. You advertise what you have to offer, it could be babysitting, translating, lending your car, gardening, or whatever, and the scheme allocates a value to the service in units which are the 'virtual currency' of the scheme. Each scheme has its own 'currency'. In Oxford where I used to live it was a 'spoke' as in bicycle spokes.
You notch up credits on a central register or debits if you use others' services. I have no direct experience myself but people I know who are active in LETS schemes are very enthusiastic.
Any suggestions on what DR1ers could offer? Seriously though, it is a system that lends itself to this medium and we could easily set one up if enough were interested. We have to think of a quintessentially Dominican name for the scheme (trueque?) and for the currency unit. Any ideas?
Chiri