“Money,” wrote Jamais Cascio, “is the tangible manifestation of an agreement between you and other people that the oddly-colored piece of paper in your hands has value.”
But what’s truly valuable is not those units of currency, so much as the units of time they represent to those who earn and spend them. Two women from Ashland, Ore., who follow this philosophy have created a way to turn units of time into currency that can be directly traded and tracked through their online system OurNexChange. This “community currency” allows local residents to buy goods and services without exchanging any money.
