Coming next month to a store near you, but only if you happen to live in Baltimore, a new local currency the BNote will be available on April 16th and 17th. More on local currencies here. If you’ve got thoughts or info on the topic, please share in the comments.
Rufus F.
Rufus is a likeable curmudgeon. He has a PhD in History, sang for a decade in a punk band, and recently moved to NYC after nearly two decades in Canada. He wrote the book "The Paris Bureau" from Dio Press (2021).
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on Open Mic for the week of 12/30/2024The devil is in the details.
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Hope Obama’s DOJ goes after the BNote like they went after this guy. I don’t they will though, not the right color or politics
http://www.citizen-times.com/article/20110319/NEWS01/110319006/1001/news/Liberty-Dollar-fake-currency-creator-convicted-federal-court?odyssey=nav%7CheadReport
There are actually a handful of places that are using local currencies. My understanding of it, if you don’t want to get nailed by the DOJ, is that the currency has to be paper and not coins, can’t be confused for a dollar, and anyone who gets paid in that currency still has to withold the right amount of dollars for taxes. I think that’s why Ithaca Hours and BerkShares are both legal. It probably also helps that they’re pegged to the dollar.Report
Domestic terroroism seems like a BS charge for that guy.Report
Well, yes, I agree. It seems like the most they could get anyone minting a local currency on would be counterfeiting and even that would be hard given that they’ve all been announcing to the public that they’re introducing an alternate currency.Report
They’ve got some good restaurants involved. And it looks like you get a 10% discount on the exchange rate during the rollout, which could help if you want to eat at Woodberry Kitchen.
Thanks for posting on this: I might not have known about it otherwise.Report
You’re welcome. I’m going to see about getting a brief Q&A with them up here.Report