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RE: Local Currencies for High Street Regeneration
I've been thinking about similar things around social care. We already have time banking, where time is the currency of exchange for social/citizen actions. I was wondering whether this could be developed/merged/linked to the blockchain and cryptocurrencies.
It's about creating new wealth and addressing things that need, or we want, to get done, where government and public spending is failing (or destroys the very thing it wants to create through the bureaucratic nature of the organisation).
Thinking about areas like White City and north Kensington in London, where there are large economic and social needs.
I see you already mentioned timebanks.
Yes, but people need money to pay their rent and generally improve their economic situation. Unemployment, underemployment, low wages, zero hours contracts, poor terms and conditions of employment and titchy pension contributions (and only when forced through legislation), mean that many are facing a cumulative financial disadvantage as they age. Time banks can help, but it would be great if the people assets - time, skills, contacts - could be recognised and create wealth.