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