First of all – to all of you who wrote in on the last newsletter’s story
surprised that AI + Bitcoin payments were being used to catch sex traffickers:
1. You’re missing the point, it caught a sex trafficker!
2. Blockchain is an open, decentralised ledger. No, that does not mean it’s anonymous.<!-- Hey @intern, how do I put in a horizontal line here? -->
Let's get back to today – I have a good one for you:
A startup ran an experiment. They identified a Facebook Group of local mothers and gave them a cryptocurrency ("Hearts") to trade things "like recycled toys or singing lessons that until then had not been changed for money."
It turns out, there was "tons of potential commerce between these moms that wasn’t being expressed in dollars.
In two years, the mothers—about 25,000 participating—logged nearly a million transactions using the currency."
[Bancor's plans for local cryptocurrencies