I don't know what it is in other countries but in France there are local currencies, about 80.
A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin which obviously includes the world population. I did not really understand the objectives of these local currencies, I was wondering if local currencies existed in other countries and if people understood the interest of these local currencies which seem to undergo inflation like the fiats.
https://www.linfodurable.fr/conso/la-carte-de-france-des-monnaies-locales-en-circulation-16262
https://www.linfodurable.fr/social/des-monnaies-locales-pour-transformer-les-modes-de-consommation-26697
I wont really like to broke up your optimism towards Bitcoin on being a replacement with fiat (Quote
Although it is difficult to determine an exact number, it is estimated that there are about 80 on French territory. Through a social, environmental, local or even regional objective, their interest is to convey the values that conventional currencies no longer embody today, and this movement is arousing growing enthusiasm if we are to believe a report by the Sol Movement , which oversees local currencies at the national level, published in early 2021. ID offers you a non-exhaustive list of local currencies in circulation by region, as well as an evolving map.
A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin which obviously includes the world population. I did not really understand the objectives of these local currencies, I was wondering if local currencies existed in other countries and if people understood the interest of these local currencies which seem to undergo inflation like the fiats.
https://www.linfodurable.fr/conso/la-carte-de-france-des-monnaies-locales-en-circulation-16262
https://www.linfodurable.fr/social/des-monnaies-locales-pour-transformer-les-modes-de-consommation-26697
?), even lets just say or focusing on a single point on the main reason then it is really just that simply that the government wont really be liking for it to be that to happen. There's no way that they would really be letting a decentralized things to take over.
Come in mind that having their own local currency would really be giving out that control and power on which it could really be able to go against with other fiat on other nations as well
and this is why we do really have that foreign exchange thing in between different local currencies.
Bitcoin or crypto would really be just an add up, never ever make yourself that too hopeful that it would really be replacing fiat soon because it cant really be that possible no matter what.
Well, no one knows on what future looks like but basing up on the situation and thing you are saying then it is really that impossible i should say.Better to focus out on what
industry or what place it would be mostly effective and relevant.
To be completely honest, I don't understand anything you write. French-style local currencies are not Fiat currencies. They are legal, but can only be used locally. But I don't understand that they exist, since as an alternative for a peer-to-peer payment (if that's the issue), there is bitcoin.
The question is: why legalize these monkey currencies???