Do they make sense?
Israeli blockchain start-up Colu launched a new e-currency in East London for the local economy, according to Crowdfundinsider.
I see it as an exercise in futility and the reason is simple. Anybody coming into crypo currency comes for bitcoin and when they are able to understand that its because of the control government has not been able to get is what necessitates their own crypto currency, there are no two ways than to dump it. And for those who are already involved would not drop the freedom bitcoin gives for anything else.
Exactly a waste of space and time. One wonders what self pride can cause and throwing these devs into an exercise in futility by creating local cryptos that won't really stand the test of time. Bitcoin and a few cryptos have an aura of universality. And this has enabled it wide range of acceptability.