Some call it the most famous pizza purchase in history: In May 2010, a programmer called Laszlo asked an online forum if anyone would buy him a couple of pies in exchange for 10,000 Bitcoins, an experimental online currency launched in 2009.
Can Local Currencies be the Foundation for the Sharing Economy? John Boik, founder of the Principled Societies Project, writes that at the moment, most local currencies are essentially “buy local” programs which encourage residents to purchase goods and services within their communities. But a more advanced form could serve as the financial underpinning of an expanded sharing economy.
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