Basically, this thread should be compared to credit card commercials. (Or at least these coins should be compared individually to credit card companies. 1. How good are the rewards programs 2. How many people accept them 3. What percent do you pay back, or in the case of coins: what percent do they pay you compared to miners)
And I want to get more companies making these "cards" (coins). So like a credit card company commercial commercial. Like a commercial telling you to invent a credit card.
Thanks to Bitcoin, the main Coin protocol that maintains network security, this is possible; It is the infrastructure, the gateway to this Brave world we are creating.
It is definitely much cheaper that having to make a credit card/ gift card, pay for security etc when it is done safely with the blockchain to maintain security, code is cheap.
I consider a currency to be a release signal for resources, when a certain level of currency is acquired for a specific item, in essence they are gauging the amount of available demand at that price point, What controls the selection process is a complex list of factors that surround the individual making the choice to purchase.
I see a more complex environment if these alt-currencies and micro-currencies are used.
Imagine this.
A world wide signaling system(cryptocoins) to release specific types of intellectual resources or efforts on a world wide basis.
A well known coin, Devcoin for example. Take it to it's limit millions of organizations around the world use Devcoin for signaling the creation of creative opensource work, with specific micro-currencies for different endevours that exchange directly and only with Devcoin. Buy Devcoins for general creative work done world wide, buy the micro-currencies for specific works, music, engineering, architecture, etc. In this scenario everyone in the world knows about Devcoin and it's purpose, and is simply gaining creative resources by how well it is accomplishing this task; People buy the respective coins increasing the value of the coins and increasing resources to be expended within the system. A patron of the coin would buy coins and then give them specifically to artist, writers, engineers that they admire and wish their work to continue, or keep it for themselves when they are in a bind and need the cash.
Underneath Devcoin would be MusicCoin, PaintCoin, ArcCoin, etc each with a micro blockchain connected to Devcoins Blockchain but only downloaded for those interested in making specific donations to those efforts instead of a global effort, Multi-Coin wallets would be the norm. And maybe even-multi-coin interconnectors that would connect not just a projects coin-interface but would be merged with Devcoin because of the efforts that they would come under. For example, if someone was trying to make an floating city, they would make the floating-city-coin project that people could donate too at any time to move the project forward, but it would be tied to Devcoin for all the creation being made to gain extra funding.
The coins in essence act as giant world-wide campaign signals for development of decentralized projects, no need to know who or what is using it, just knowing that the best efforts that this paradigm is creating is becoming available for all humanity. A different model far more effective and efficient than the current design of NGOs.
The wealth that these coins need for their projects, would be interfaced from Bitcoin or directly purchased with Fiat. The projects would gain acceptance according to how well they were known, how well they did in telling the community and investors how well they are doing... and with Open Transactions, a market for human endevours could be created, think of kickstarter but with coins and the project works the moment you say go. All your efforts will determine how well you are gaining the trust of the general public to provide the wealth necessary to make the project move forward.
Massive decentralized movements with millions of individuals with decentralized equipment and tools acting like Non-government-organizations creating enormous projects never before possible in this way with minimal paperwork required, just a Forum, a Coin, a great project, and millions of volunteers willing to be paid in Coins with the backing of the general publics purchasing power.
so if someone did complete the floating Arc, at the end where would the coins go? to it's maintenance? it would plummet in price as the endevour was finished and resource use declined, all coins would have to be bought back by the Coinbased- NGO and returned to the community. The ArcCoin blockchain would be maintained as a record of those who contributed to it's creation.
Just imagine going to a free open-sky concert, free for everyone to attend. The artists would get paid in MusicCoin for the concert, people who loved the concert would after the fact purchase Devcoins to fund the greater creative effort of free art, giving the coins to the artists in the concert, or purchasing MusicCoins directly would fund the greater effort of art. A world where all creative acts wherever they are done are valued for their contribution to the grandness of the human endevour.
need to fund the saving of humanity? HumanityCoin, where all the combined efforts of all NGO's guarding the welfare of humanity would be amalgamated. I donate 100 dollars in HumanCoin and know that the decentralized system is secure, safe from tampering by a cadre of professionals who are at the mercy of the Blockchain that monitors all their distribution of Humancoins resources to worthy Organizations that are truly helping people. since the blockchain would monitor everything we as a worldwide society can gauge how effective the system is in different areas or if there is corruption within the supply chain. The whole world would scrutinize and guide the efforts of HumanCoin.
