In what seems to be the first crypto currency backed by a tangible asset, Maple Coin announced recently that they are going to supply, to anyone who wishes to “cash out”, a fixed unit of pure maple syrup. In an effort to more deeply illustrate the point of MapleCoin, we have decided to truly and […]
A community currency based on paper and time in the community of Chichester, England, is expanding due to increased demand from the community. According to an article on the Chichester Observer, users of Transition Chichester, or the TChi, are encouraged to use the printed money to trade extra skills for jobs that otherwise would not […]
How does someone, self-described as “not at all a young person, having seen well over half a century on this planet - my entreprenurial days…well behind me” leave quiet semi-retirement and the enjoyment of the autumn of his life to create not one but two of the most interesting altcoins to date? I have had […]
Ever since I read Ron Paul’s call to competitive currencies, I’ve pondered the role of barter, and then community currencies, in bringing to pass the vision outlined. Yes, I like Ron Paul’s politics. Yes, I lean libertarian on just about every issue. Yes, I also think sometimes he comes off as your crazy uncle. I […]
I found a link to a site that offers free Quickbooks advice. It had this to say about recording a barter transaction. Recording of Barter ExchangesIf you have customers who are also vendors you may decide to trade some or all of your services / products in exchange for payment. To record such a barter […]
There are many ways barter can be used to renovate or restore a home. You can use barter to purchase building materials and hire contractors. Many suppliers such as tile, carpet and stone companies have huge excess inventories or items that have gone unsold. They would welcome the opportunity to get full value for the […]
Most businesses suffer from the issue of bad debts (accounts receivable that will most likely remain uncollectible and will be written off). These debts appear as an expense on the company’s income statement, thus reducing net income and most companies make a bad debt allowance since it is unlikely that all of their debtors will pay them in full. (more…)