12-29-2008, 04:55 AM
The cyclos software supports the use of cellphones as ATMs that access a local secure server. It's every bit as advanced and secure as any other means of exchange is, for whatever that is worth. Some local currencies carry blanket liability insurance to cover costs of failure or loss, and it's a very viable and sensible option to engender a lot of confidence that can't be had in other mediums of exchange.
It's worth looking at what others have done successfully. One will see the bugs are worked out and these are workable systems with significant capitalization. Puna is an ideal area for such things, in culture, in local production, and in location.
It's worth looking at what others have done successfully. One will see the bugs are worked out and these are workable systems with significant capitalization. Puna is an ideal area for such things, in culture, in local production, and in location.