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by imtringued 739 days ago
I'm not sure it falls under socialism, but I always enjoy reading about the "Miracle of Wörgl" and Wörgl's mayor Unterguggenberger. There is even a movie about it!

https://unterguggenberger.org/the-free-economy-experiment-of...

1 comments

I'm unsure as well but either way this is fascinating; I've only ever heard the term 'scrip' used with negative connotations so this seems like a very refreshing change. The way the currency value was kept stable also looks to me like a great benefit. Welp, now I gotta write a blockchain that tries to match this experiment as closely as possible
That would be Freicoin. One of the earliest altcoins, btw.
Wow yes, I had looked into Freicoin several times but the reasoning behind the demurrage fee hadn't stuck with me until now.