a few people put leaflets about "what is bitcoin" with a funded privkey added and put into them geocache boxes(physical locations).
but online geotagging. well i can see faucet raiders abusing that straight away
Yep. One of the prominent geocaches was
here, although that guy seems to have decided that a restricted Internet will kill Bitcoin now, strangely enough.
Online geotagging seems like a pretty unnecessary idea for Bitcoin though. Let's keep it to GeoCoin, since everything has its own coin apparently.
Thanks for sharing your thoughts about this, guys. I was thinking around the same thing with online geotagging, as it may be prone to abuse. However, if this would rely on GPS technology to determine your exact location, then it would make the system fairer, as it may be impossible to spoof your mobile device's GPS location. But if possible, then it would be abused and make the coin completely worthless.
Nevertheless, it is good to have coins which are used for a specific purpose, instead of being an "all in one" cryptocurrency. There will be areas where Bitcoin could fill in, while other altcoins prove to be useful at other things. In my own opinion, GeoCoin might be worth a try. Just my thoughts.