WTMWD #78: Not Crypto, Not Barter - Could XClave Bux Be the Alternative Currency We Need?
I spoke with Markus Allen, founder of XClave, a few months back, about his radical concept for creating independent private towns, including plans for an independent currency. At the time, I fully intended to post the episode in a timely manner.
Then our family decided to move out of California, and the next few months were a frantic blur.
Now, nearly 5 months later, this particular episode is more relevant than ever. With governments seizing the bank accounts of those who oppose their actions, and inflation starting to get very very real, we are in need of practical solutions to the problem of state inolvement in money and in financial systems. Could XClave Bux be the answer?
Listen to this episode and see what you think.
Hi Bretigne
I checked the links. Bux as defined works so long as there is electrical power to support the app.
The site author claims that "Bux works anywhere in the world... even if the electricity goes out or the Internet goes down. As long as you can fire up your Bux account on your phone, you can send or receive Bux in less than a second."
Phone networks require electricity to work. Without phone access Bux is just vapor.
This looks like a valid app so long as there is power to run servers.