Comment Re:Paper tracked barter (Score 4, Informative) 100
Or the way it _doesn't_ work, I'm afraid.
Inventing new, private currencies seems designed for abuse, and the harvesting of all money in the system by arbitrage traders with no practical regulation or control of the abuse. Such "non-currencies" have been tried before, and are inevitably brought down by one of these factors:
Governments concerned about taxes not being collected on the barter scrip.
Arbitrage abuse bleeding all the value out of the relevant currencies and destroying smaller investors.
Fraud by the central scrip maintainers.
All of these occurred with the "company scrip" that was used by many railroads to pay workers and tie their economy to the "company store" in the US expansion west.