Currency Posts

2 posts tagged with currency

Virtual currency site in testing phase

I made currency site available for testing today. See my previous post for the back-story, but in essence currency site is a virtual currency platform.

I sometimes object to the word virtual in ‘virtual currency’. Most of the money I possess is not in any physical form; it's merely a number stored in a database somewhere – and transactions occur without any kind of physical objects changing hands. So the word ‘virtual’ seems entirely redundant, since there's is no qualitative difference between virtual and ‘real’ money I can see. The only difference is the level of trust in the system. continue reading…

Making Money with Python

A while back a friend told me about something called community currency, also know as Local Exchange Trading System. The basic idea of which is that people within a geographical area can exchange goods and services with bespoke unit of exchange rather that traditional cash. So, for instance, you could mow a few lawns in exchange for guitar lessons – even if it isn't the guitar teacher's lawn you are mowing. There's no physical currency as such, members of the community currency rely on volunteers to keep track of how much currency they own. I think this is a marvellous idea. It promotes healthy exchanges without the need to muddy things with something as vulgar as cash. But what struck me after a bit of research is how the whole system is in dire need of mechanisation! There's no centralised place to view your ‘account’ or way to do transactions online, and I figured there should be. So that has been my hobby project for the last few months, I've been building such a site which has recently come together to a point where I'd like to gauge how much interest is out there. I haven't even come up with a name yet, so I've been calling it by the rather uninspired moniker of ‘Currency Site’. continue reading…