The HAHO's Alternative Currency
Why they’re important and why we implement them!
Currencies are like social DNA, in that they prescribe how we interact with
our economy and with our community. Right now we have a system, the
U.S. Dollar, which is based on the premise that money is scarce and is hard
to come by. This perceived scarcity leads to unemployment, because
businesses are reluctant to part with the money they have. This doesn’t
mean, however, that there is a lack of work or a lack of people willing to
do work. If there is work needing to be done and people needing work,
why can’t these people get to work?
How can we change this?
By creating complementary currencies (currencies to be used alongside
the U.S. Dollar) we can create new social DNA that incentivizes us to act in
We need to create a currency (a new social DNA if you will) that:
- Is abundant
- Encourages people to use it, to promote more interactions and therefore
- Keeps the money circulating locally for longer (not sent to corporate
headquarters far away)
- Measures and stores tangible value for the local community
- Is widely accepted!
Why use Denver Dough?
By creating a local currency we have the ability to influence how we interact with our money.
You commit directly to helping our local community thrive!
Denver Dough will:
- Serve as a way to keep our money circulating in our communities for
- Serve as a way to promote and support locally owned businesses
- Will create an income for local crafters, artists, carpenters, car
mechanics, and foodies
- Will stimulate micro-business start ups (fancy talk for “you starting a
- Will allow Denver area residents to find local solutions to their needs.
1 USD to 1 Denver Dough Exchange Rate
- We will be starting with a 1 to 1 exchange rate to create trust in the
- We want small, local businesses to feel comfortable exchanging their
goods/services for Denver Dough
- Once the currency becomes more established we may look at changing
this exchange rate to increase the use of the currency.
Only HAHO vendors, registered small businesses and Denver Dough skill
share participants can redeem Dough for U.S. Dollars. This ensures that
HAHO members spend their money locally and helps keep supporting
local vendors and businesses if they have left over Dough. You can also
give Denver Dough as a gift.
Alternative Currency Articles:
Good Articles to get you started:
The Trouble With Money
by Thomas Greco
"What if... We Stopped Using Money" by Keith Farnish
"Dollars with Good Sense: DIY Cash" - Yes Magazine
"Beyond Greed and Scarcity" by Bernard Lietaer
"What is a Time Bank?" - TimeBank USA
Links to help you along:
- New Currency Frontier
- The MetaCurrency Project
- Denver TimeBank
- Join Denver's TimeBank!
A Good Book:
Local Money by Peter North
(we have a copy if you want to see this!)