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I was the treasurer for the L.E.T.S. system in Victoria, Canada in the early 1990s. I am not against these kind of alternative money systems, but based on my experience, I just found L.E.T.S. to be more or less a parallel capitalist system. The whole point was to build up your own individual credits (what were called green dollars) so that you could then spend them amongst the L.E.T.S. community. In the beginning, when you joined you were credited with a small amount of green dollars. If you didn't have enough to buy (exchange with), there was no problem, the seller was credited with the exchanged amount and the buyer simply had negative credits. But later, they capped how many negative credits people could accumulate to discourage free loaders. This was inevitable. Yet in the end, it still ended up creating a system of haves and have nots, depending on people's skills, connections, and supply and demand, just like in the mainstream capitalist world. People with lots of skills or 'stuff' of value (that they had acquired through their own existing wealth from the capitalist system) could leverage this to accumulate a lot of green dollars. Also, all the important things e.g. food, rent, utilities, transportation, medical, etc were not offered in green dollars (although sometimes people would sell some extra veggies from their garden, or offer to rent their cottage, car, or home temporarily---the latter usually in exchange for part green dollars and part real federal currency).

L.E.T..S. collected membership dues and donations which we spent on advertising, tabling, etc. As treasurer, I'd deposit these in a regular capitalist bank, and I would write monthly financial statements for presentation at our monthly meetings. After a couple of years of all of this, it didn't feel like an "alternative" to the capitalist system to me anymore, it felt more like a carry-over from it.

Maybe there is a way of creating an alternative monetary system, but I think the moment you have any kind of numerically based accounting system where people have to accumulate and spend, it's not going to be much different from the present order.