Zeros

Small-Scale Digital Currency Networks: A Practical Alternative While much of the discussion around digital currencies focuses on massive adoption or revolutionary financial systems, there's a simpler approach that's been largely overlooked . Small groups with shared interests could create their own localized digital currency ecosystems, similar to how discount buying clubs and cooperative networks have operated for decades. Robert McKinnon's economic theories about optimal currency areas suggest that currencies work best when used by groups with similar economic conditions and mobility. Applied to digital currencies, this means a neighborhood, hobby group, or professional community might benefit more from using something like Doge among themselves than waiting for widespread Bitcoin adoption. Consider a group of 50-100 people who regularly buy and sell used electronics, car parts, or handmade items. If they agree to use a specific digital currency for trans...