Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That doesn't really solve the default problem.

In a zero-sum LETS scheme, if a single member leaves the scheme, it has no real impact. Other members can still trade. Members may feel ripped off because they've donated services to someone who hasn't reciprocated, but unless the defaulter was offering something exceptionally useful - which is unlikely, if they had a negative balance - no one individual is significantly inconvenienced. The scheme only suffers as a whole if enough members leave to affect its collective viability - which isn't a default issue.

In your scheme, other members become less able to trade after a default. I don't think that counts as a win - for the obvious reason that limiting trade is inherently bad, and for the less obvious moral reason that remaining members are being punished for someone else's actions.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Nov 16th, 2009 at 08:58:27 AM EST
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