Why New York City Needs Its Own Cryptocurrency

[gnasirator]

http://nautil.us/issue/57/communities/why-new-york-city-needs-its-own-cryptocurrency

Hi,

I opened this thread because I'd like to discuss the above article. I find the idea truly inspirational and would love to see this happening as a social experiment.
Taking money creation away from banks and redirecting the "economics for interest" towards improving a city (e.g. infrastructure) could create a "self-reinforcing prosperity loop" (quote).

What do you guys think and how could this become a reality?