GREAT BARRINGTON, MASS. — At the Berkshire Food Co-op, you can see which local farm grew your produce, pick up a “reclaimed wheat stalk eco mug” and, as of this harvest, pay for it all in cryptocurrency.
No, the crunchy co-op has not suddenly decided to embrace Bitcoin, with its high carbon emissions, or the many private cryptocurrencies backed by profit-hungry venture capitalists.
Instead, it is working with a pioneer of the farm-to-table movement to use a technology often associated with unfettered global capitalism for a different end: radical localism.
The launch this spring of the Digital Berkshares cryptocurrency marks the latest step in a decades-long effort to foster a self-sufficient economy in the Berkshire Mountains of Western Massachusetts, a popular retreat for affluent, educated Northeasterners.
As globalization has continued its steady march, that autonomy has remained elusive. But now, as the rise of blockchain technology prompts a broad rethinking of money and a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...