HOURS - helluva Organized United Reciprocation System: Difference between revisions
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[http://www.hoursystem.net/ http://www.hoursystem.net/] | [http://www.hoursystem.net/ [[Category:Is-Timebank|Is-Timebank]]http://www.hoursystem.net/] | ||
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hOURS is a “mutual credit” trading system. We use credits of our own creation as a medium of exchange. Thus it’s not really barter, because direct reciprocation between the parties need not be arranged. We call the credits Hours, each referring to the familiar unit of time. It’s like using time as a form of money. | |||
hOURS is a “mutual credit” trading system. We use credits of our own creation as a medium of exchange. Thus it’s not really barter, because direct reciprocation between the parties need not be arranged. We call the credits Hours, each referring to the familiar unit of time. It’s like using time as a form of money. | |||
hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York. | hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York. | ||
Revision as of 09:52, 17 August 2011
hOURS is a “mutual credit” trading system. We use credits of our own creation as a medium of exchange. Thus it’s not really barter, because direct reciprocation between the parties need not be arranged. We call the credits Hours, each referring to the familiar unit of time. It’s like using time as a form of money.
hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York.