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ThatBritGuy:
The obvious - to me, anyway - flaw in your system is that when someone defaults, everyone else's balances shrinks,

Not so.

The balance in the "Pool" (owned in Common) should absorb any loss. What this means is that there may then be a reduced Baby Hour dividend (referred to upthread) to members for a while as the Pool rebuilds.

ThatBritGuy:

So why not just create an hours balance on the message board? It doesn't need a spreadsheet, just some basic adding up. Even monthly accounts for paper scrip would do - as long as you tell people not to hoard it.

Such a registry and transparency is exactly what I advocate for the oil market and of course, also in this case.

ThatBritGuy:

Of course, some people may still choose to baby sit for freeloaders, perhaps because they're bored, they enjoy it, it's no real hassle if the freeloaders are willing to drop off and pick up, or for some other social reason.

That's impossible with your system - at least beyond a certain point.

That is not the case. There is no reason why there should not be 'over the counter' dealings between members which are not settled in Baby Hours within the system: it's a matter of choice.

Babysitting may be done gratis or maybe in exchange for something else entirely in both cases without troubling the system at all. Or even both inside and outside the system eg by settlement in Baby Hours plus a couple of beers....

There is no exclusivity to the system: it's a complementary currency. You appear to be assuming restrictions which may be customary in a conventional system but which are not the case here.

Btw thanks for keeping going on this TBG - there is no better way of testing a model than addressing the issues raised.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Nov 17th, 2009 at 02:22:26 PM EST
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