After walking to Potrero Hill, we set up our NOMAD bank accounts. Last semester, the student government committee decided that all NOMAD students will receive money from the NOMAD "government" to use as they wish while out in the world. Every kid gets $1 per day taxed at 10%. After a hearty debate about the form this currency should take on Monday, NOMADians decided it should be "digital." We are using pen and paper ledgers to track our monetary balances every day.
We created our own symbol for NOMAD currency. We will track all money as it comes in and goes out. We explored the possibilities of negative balances, lost ledgers, and money disputes.