In the last couple of years we have seen the rise of local and regional currencies as complementary currency systems. But why do we still focus so much on local currencies in an increasingly interconnected world?
Don’t people think, trade and work increasingly in a cross-border manner? Why should currencies be bound by purely geographic limitations?
Aren’t there any other (perhaps social) structures that could be far more suitable? And why can’t social networks such as Facebook, LinkedIn & Co be the perfect levers to bring these ideas into reality? After all, Facebook with its over 150 million global users represents a population greater than many large countries and is still in need for a business model.
How can decentralized financial systems be applied in practice?
Aren’t these any less worthwhile (thought) experiments compared to simply staying trapped in a regional/national context? We are looking forward to more examples.