25 January 2012

Better Than Bitcoin!

There's a new currency insinuating itself into our economy.   Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world.  Well, I can do better.

Right now I'm working with a College that has built up an inventory of the routine consumables - paper towels, liquid soap, floor cleaning solvent, and - yes - lots of toilet paper.

They have plans on transferring the responsibility of owning the inventory to their housekeeping contractor's account, and don't want to inventory all their current stock.  What to do?  Here's the proposal: The College will make payment to the contractor in materials as they are used, in lieu of monetary compensation.  Value will be set at "fair market".

Toilet paper is now monetized.  Think of it as large rolls of tear-off bills.  Better than Bitcoin.


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