Video by about how to develop and use your own local currency. Original: - https://brandnewtube.com/watch/create-your-own-currency_JbpT22vVGgh6itK.html - See main site: http://freemarketcurrency.com/ In addition below is summarised info on 4 steps to create your own currency from ‘Create Your Own Currency in Four Simple Steps, Chris Campbell, Apr 9, 2015; Original: https://lfb.org/create-your-own-currency-in-four-simple-steps/ It is relatively easy to launch a local currency but more difficult to sustain it. Your success will depend on the little things — making flyers, contacting residents and businesses, designing the dynamics of your system to be strong and easy to use.” Start NOW. Today. We do not have time to waste in getting these systems set up, tested, and benefiting the largest number of people. “There is always time as you go along for improvement. Be clear: why you want to start your own currency? Schemes that have stood the test of time have clear goals. There are 4 simple steps — or phases — to creating a local currency… **** **Step 1: AMORPHOUS STAGE- the team** “Unity is strength,” the young poet Mattie Stepanek once wrote, “when there is teamwork and collaboration, wonderful things can happen.” Before you do anything, you’re need a team. Your goal here is to gather like-minded people. Preferably people with a good amount of free time and lots of connections with local business owners. The typical local currency team is, according to Peter North, made up of: a core group facilitator, a treasurer, a directory producer, a marketer, publicity person, and a social secretary/marketing coordinator. Now you can choose how your currency will be based. There are three foundations to any monetary system: fiat, valued, or backed. Choose one. It’s your currency. But now that you’re surrounded by all these people, let them weigh in. Know that money is about trust. And if it’s backed by something, whether some kind of shared value or something physical, you’ll have more trust points in your bank. You could go the traditional route and back yours with physical stuff. Or you could get creative and value it with nonmaterial things like services or rare goods or time. **Step 2: RAISE IT- the resources** Start thinking about how you’re going to finance this crazy project. You’re going to need resources for printing (if you’re going paper), marketing and setting up the exchange. Go to your local printers and see how this can be done. Utilize your connections and your friend’s connections and ask for money. (See more about making connections in Step Four.) Review crowdfunding. Check out crowdfundinghacks.com for some tips. minds. You can also, presell first edition prints of the currency. Or merchandise. Or raise money from stakeholders. Or receive grants. Now that the money is out of the way… **STEP 3: DESIGN IT.** You’ll need two types of designs for your currency: Inner and outer. - Inner design is how the currency works. You base this largely on what it’s backed against. Time-based? Commodity-based? Mutual credit? Fiat? Demurrage? Is it paper money or digital? Or both? - Outer design: Incentive for people to make people want to use your currency. Keep it simple. “It has to be a simple currency, it has to be a simple marketing; E.g. the Brixton Pound has two things: their currency is well-designed on the outside and appeals to the local community. They also leveraged technology using mobile phones for payments. E.g.. run a design competition and ask the community who and what they would like to see on the notes. **** **STEP 4: PROMOTE IT.** Confidence, present your system as a done deal. We didn’t go around saying, ‘We’re thinking of starting a local currency, blah blah blah…’ “It doesn’t matter that we hadn’t printed it, those things came later”. Intention is everything. Doubt destroys. Faith builds. You’ll need evangelists. Every monetary transaction is a leap of faith, a relationship. And as in any relationship, there needs to be a level of trust between a human and his or her money. Build strong relationships with “connectors” people who know lots of people. They will give credibility and open up avenues you wouldn’t otherwise have access to. Give them value first, help them achieve their goals in some way. You’re taking the road less travelled, so there will be many bumps along the way. Be open, it will be a work in progress and course-correction is important and constant, especially at the very beginning. Ensure that nothing corrupts your initial vision. Avoid anything that threatens to put a weakness in your plan. Drop hard-to-adopt dynamics. Don’t waste your energy on people who are overly sceptical.