The Tender For Law

Volume 4

Dec 29, 2013 11:01 PM

Pete Daoust

Hey.... Start your OWN :D

How to Start Your Own Private Currency

theatlantic.com

It's not as complicated as it sounds. You can "back" it with gold, or mimic an I.O.U. for one hour's worth of work. All you need is a system other people can understand and, most importantly, trust.

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Pete Daoust

Start your own currency.

The Money ReportIt sounds complicated, but really it's as simple as three steps.

First, amass a bank of stuff. Let's say gold.

Second, decide on a sensible unit for your new currency. Let's say one "Derek Dollar" token is worth a gram of gold.

Third, convince a critical mass of people to use it so that "Derek Dollars" are redeemable not just within my group of friends, but among shops and merchants around the world.

Voila, we've got our own private currency.

"Derek Dollar" :D

Muhahahahahahaha!!!!!