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History of Ithaca Hours

Last update Feb. 27th 2014 3:45:58 PM
Creation date Mar. 28th 2011 7:19:13 PM
  • Scott Morris on Feb. 27th 2014 3:45:58 PM
    Status of the project
    Over 900 participants publicly accepted Ithaca HOURS for goods and services at its peak, but today the system is largely dormant.
  • HasardDuJour on Mar. 28th 2011 9:53:17 PM
    Editor
    public
    Viewer
    public
  • HasardDuJour on Mar. 28th 2011 8:00:32 PM
    API
    no
  • HasardDuJour on Mar. 28th 2011 7:19:13 PM
    Mode
    70
    Name
    Ithaca Hours
    Viewer
    unlisted
    Editor
    hasarddujour-f4dmks8
    Category
    finance
    Wikipedia
    http://en.wikipedia.org/wiki/Ithaca_Hours
    Description
    Ithaca Hours is a local currency system that promotes local economic strength and community self-reliance in ways which will support economic and social justice, ecology, community participation and human aspirations in and around Ithaca, New York. Ithaca Hours help to keep money local, building the Ithaca economy. It also builds community pride and connections. One Ithaca HOUR is valued at US$10 and is generally recommended to be used as payment for one hour's work, although the rate is negotiable.
    Origin
    New-York, USA
    Website
    http://www.ithacahours.info./
    Status of the project
    Over 900 participants publicly accept Ithaca HOURS for goods and services. Additionally some local employers and employees have agreed to pay or receive partial wages in Ithaca Hours, further continuing our goal of keeping money local.
    History
    The system has historical roots in scrip and alternative and local currencies that proliferated in America during the great depression. It is the oldest and largest local currency system in the United States that is still operating.
    Founder(s)
    Paul Glover
    Founded
    1991-11-01
    Languages
    English
    Single central authority
    yes
    Peer-to-peer topology
    no
    Uses cryptography
    no
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