Seems like micro-currencies are created to make the local economy more resilient and to reinforce the regional identity. Bitcoin, being a volatile and global currency uncontrolled by anyone, wouldn't suit these needs. A small local community would be at the mercy of global speculators who often decide to dump Bitcoin when they feel like it can't grow fast at the moment, and they would be powerless to stop it.
But in case of their local currency, they can control it and maintain its value.Maybe, but as the parity is 1/1, I don't really see what these local currencies are for. I mean what more (or less) than the euro.
Actually, I think it's a nice concept, because the country respects the identity and autonomy of its components regions. I would like we could have more independency like that inside my country, so each state would show to the rest of the country its own way to rule the territory.
OP, it's up to your countrymen to stop using their regional currencies for Euro or Bitcoin. Let them be free to decide what they prefer. Bitcoin is about privacy and autonomy each individual has, so let's make it be real even when deciding to adopt BTC or not.
I leave them using what they want, in 10 years there are only 500 users for the local currency in my region... Maybe nobody see any point in using this currency either.
I don't know what it is in other countries but in France there are local currencies, about 80.
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.
So I assume you mean fiat then local currencies is more useful since they are well accepted in anywhere you go on your locality compare with bitcoins. I get your point about bitcoin but reality bitcoin is not well oiled up so we cannot use it anywhere for now and most of the time we can only transact this via online transaction and to person who use it. Not everyone use bitcoin so there's limited usage of it that's why many choose to use their local currency since this is more convenient to them.
However, there are many places where bitcoin is used. Besides, bitcoin beach seems to work very well for example.
Finally, maybe it's just a ploy by the French government to authorize useless currencies to prevent people from learning about bitcoin?