ELI5: Explain Like I'm 5

Labor notes (currency)

Labor notes are a form of currency. Currency is something that people use to buy and sell things. Labor notes work a little differently than what you might normally think of as currency. Instead of using cash or a credit card, people who use labor notes trade time they can spend doing certain tasks, like doing chores, fixing broken things, teaching classes, etc. So if you needed someone to fix your computer, you might offer to pay them with labor notes. They would then be able to use those same labor notes to hire someone else to do something else for them. Labor notes are like a “currency exchange” that helps people trade their skills for things they need.