Post
Topic
Board Bitcoin Discussion
Re: Why local currencies when there is bitcoin ?
by
Gallar
on 18/07/2023, 07:18:57 UTC
~Snip
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.
In the country where I live, there is only one currency that is legal for buying and selling transactions. So there are no local currency terms (micro money) that are different in each region, because all of them use the same currency that has been legalized by the state. Not only at this time, but since ancient times after my country's independence, there has been no local currency (micro-money) in circulation other than the currency authorized by the government.

Then about the micro-currency in the French area, which I read, in an article that explains this, basically there is an area filled with an ethnicity in the country of France, which is called Basque, and the purpose of making micro-currency for that ethnicity ( eusko). The point is to make the ethnic culture grow again and stay awake.

Then for the matter of inflation, it seems that this Basque micro currency, in my opinion, is not too affected by inflation. Because it is only used in that area.

And you could say a country that has a different local currency in each region, is very unique. So it's likened to it, even though it's still one country, but if you visit an area that has its own local currency, it feels like visiting abroad.