Accelerated crypto currencies: a systematic analysis of Silvio Gesell’s theories and its implementation on local crypto currencies

Abstract

This master’s thesis evaluated the acceptance of crypto currencies, under the impact an existing local Freigeld crypto currency. The intersections of the underlying technology of crypto currencies with a specific part of Silvio Gesell’s Freigeld theory named effective demand, built the basis of a local Freigeld crypto currency scenario. This scenario was then used to evaluate the level of acceptance by comparing the scenario to different crypto currencies. Participants of this study were selected by snowball sampling. The data was gathered by a web browser based self-administered survey.The results showed that the level of acceptance for the local Freigeld crypto currency exceeds the level of every presented crypto currency. Additionally, this study analyzed factors, to explain the cause of the different level of acceptance of the local Freigeld crypto currency. The evaluation showed that the support of the local economy was the only significant impact which caused the increased acceptance of the local Freigeld crypto currency.