The Future of Money

Mike Riddell
2 min readMar 26, 2021

In Stoke & North Staffs

Whilst I have spent the majority of my career in urban regeneration, my work since 2007 has been focused on the development of a digital community currency.

I figured that if Clubcard can use points to incentivise customers to shop at Tesco, then why can’t we use points to incentivise doing good.

Roll forwards 14 years to Wednesday this week, when I spotted this thread on Twitter:

This caught my eye because the folks on this Tweet are all Silicon Valley tech gods or Venture Capital kings. You might remember some chat about Facebook wanting to introduce its own digital currency called Libra…? Well it was blocked by the banks and their cronies since it threatened not just banking, but the dollar and its status as the world’s reserve currency. Those named in the thread, were the people behind Libra. And they’re saying this…

This is true. Bitcoin has for sure opened the door to new possibilities, but is it the end-game. Nah — I’ve never thought that it was. And like they say, some of the big boys are dealing in Crypto — you can now buy a Tesla in Bitcoin. So yeah, it’s really catching on. By this point my interest was piqued, so I kept reading on…

Agreed 100%. Now I’m very interested in not just the accuracy of their statements, but the punchiness of them too. I realise that these guys are bang on the money…

Hell yeah. I’m thinking “that’s us”. We’ve a new ‘mental model’: to simply #bekind! That nobody has thought of using to back the value of a digital community currency! And for sure, we’re not a legacy company…we’re a data cooperative waiting to happen…

Amen sister — 14 years and counting!….

At this point I disagreed because in our world, there’s a massive convergence beginning to occur. For example that very same night Nicky T from the YMCA North Staffs provoked a mega-positive Tweetstorm last week by posing a simple question:

My timeline went nuts the whole of that night, and the next morning.

For a city region that is known as the Potteries — the only one in the world I believe to be named after its industrial heritage — to lose its industry, and with it its sense of self, its identity, and then get Christened by the London press as ‘The Brexit Capital of the UK” just because people voted for change, it was amazing to see how everyone on that timeline rallied round the shared identity of Kindness.

From Brexit Capital to Kindness Capital. Watch us go.

I can tell you for a fact, its not going to take anywhere near 10–20 years to bottle that and start selling. Nope — I’d say two. Three max.

We continue to…

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Mike Riddell

I’m a local economic regeneration practitioner working on the ground in Stoke.