RE: The Fall of Fiat: Could Community Cryptocurrencies Be The Future of Money?

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The Fall of Fiat: Could Community Cryptocurrencies Be The Future of Money?

in cryptocurrency •  6 years ago 

Really interesting concept, localized cryptocurrencies. They wouldn’t need to worry about scaling so much, and the word of mouth network effect is probably effective as well.

I think for tight knit communities such as those you mentioned in this article, this would be a game changer.
For those which see a lot of tourists, might need a slightly different set up, probably will need crosschain transactions for example.
This is a great article, thank you for sharing and bringing it to my attention. :)

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