Today's market
#localexchangetradingsystem #lets #textileart #handmade #homemade

I will be having my brooches and hair clips for trade at the One Planet Market this Saturday at Payneham Community Centre, Adelaide, South Australia. Trade in our community currency or use cash. #communitycurrency #lets #localexchangetradingsystem #adelaide #southaustralia

So, there is some fuzz over at cryptoleftists about #CirclesUBI. ( https://joincircles.net/ )

The TL;DR is as follows:

It is implemented on top of another cryptocurrency with smart contracts. (Not really familiar with this, taking it as a cons.)
Uses a WoT for both issuance (must be verified by three existing members to join like #duniter) and settlement (payment can only be done by chaining trust, like #Ripplepay / #Rumble http://ripple.ryanfugger.com/ )
Seems to be a good starting point against sybil/fake ids attacks.

Since credit is limited by trust, there is an incentive to balance income and expenditure like a credit-based #LETS / #LocalExchangeTradingSystem plus the UBI means it could be non-deflationary and incentivize usage rather than savings as in facilitate economic transactions while being an #universaldividend token.

Thoughts?