For those interested or still on the fence they might read a bit about the WIR Bank and the WIR Franc which is the model for Naut. I think private and decentralized competing currencies are the future which is something Dr. Rand Paul has advocated for years and Bitcoin will not be the end-all digital currency. Competition is a GOOD thing.
https://en.wikipedia.org/wiki/WIR_Bank"Although WIR started with only 16 members, today it has grown to include 62,000. Total assets are approximately 3.0 billion CHF, annual sales in the range of 6.5 billion (6.8 billion USD!), as of 2005."
For those laughing at how this program is starting with only 1,000 residents, look what kind of purchasing power just 62k people can do in Switzerland alone.
Plus if its successful there is no reason the currency can't spread out from there.
Do you know some people from WIR,begining ofAugust is launching paymentservicewhat is also supporting few complimantary currencys,it works like multicurrency ex,itcouldbe great for merchants and services
Looks like WIR have long history