Hi

We have not done our own currency but its come up a dozen times. We've 
hesitated because we didn't want to treat 'niceties' as something that 
required/was worthy of 'payment'. We worried that it would make the vibe 
dependent on these currency exchanges. that said, we see a ton of benefits 
too. I'd love to hear from others and also hear how it works out in the 
weeks/months ahead.

Eli Malinsky
Centre for Social Innovation
Toronto // New York City

On Wednesday, October 23, 2013 6:05:40 AM UTC-4, Will Bennis, Locus 
Workspace wrote:
>
> Hi All,
>
> Our coworking space just introduced it's own cuurrency, Locus Laughs 
> (LOL). Members can earn it for anything they do to contribute to the 
> community, they can use it to pay for any products or services in the 
> space, and they can trade it to one another for services and then use their 
> Laughs to pay for membership or whatever. The idea was to have some way to 
> show some kind of thanks to those who give the most back to the community. 
> It also just seemed like a fun experiment. Though I do worry a little that 
> it will make giving to the community a commodity and take away from the 
> less selfish motives of giving. 
>
> We've also just started accepting Bitcoin. Also largely as an experiment 
> and to add some spice to the space.
>
> Any other spaces experimented with this? Any ideas about what works well 
> or badly with local currencies or with Bitcoin?
>
> Here's our blog post about it with more details about both: 
>
> http://blog.locusworkspace.cz/2013/10/locus-accepts-bitcoin-and-its-own-new.html
>
> Would love feedback and to hear other stories!
>
> Best,
> Will
> Locus Workspace
>
>

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