Basically a LETS is a system for people to trade services and goods without using money (well, paper money money). The system is based off of the local currency (in this case NT). When you make a sale/purchase credit is given to the seller and taken away from the buyer (everyone starts with a 0 balance).
You can also do things like take part LETS money and part “real” money, etc. Here are a few links with more information.
What is a LETSystem?
A LETSystem is a trading network supported by its own internal currency. It is self-regulating and allows its users to manage and issue their own ‘money supply’ within the boundaries of the network.[/url][/quote]
I found this software from the Wikipedia site that looks really smooth and is what could be used to set one up.
[quote=“project.cyclos.org”][url=http://project.cyclos.org/site.php]Community Currency Administration via internet made possible with Cyclos Software
Cyclos is a new software for community currency systems and barter systems. It is sort of a combination between ebay and an online bank, but then applied to your own local self-made currency. Your members can see what anyone has to offer to the system, can manage their own advertisings, and can do payments in your own alternative currency.[/url][/quote]
It seems like this would be a cool way for people to exchange services here. Since Taiwan brings so many people together with so many backgrounds in things we could all share them via a LETS.
It would also be cool to have Taiwanese involved so even a wider variety of services and products would get added into the mix. People could also get rid of “junk” this way. I have a slew of high tech products that I want to get rid of, but don’t want to sell and don’t way to just “give” away (bluetooth headset, old Palm, old digital camera, a computer, to name a few).
Looking for people who would want to help with something like this (PM or email me, miltownkidXXX@gmail.com (remove the XXX)). Just want to bounce around ideas.
[color=red]And a special bonus for people that made it to the bottom of this post, a clip of me getting suplexed at the tournament in the Philippines.[/color]