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May 15, 2014, 04:39:11 PM Last edit: May 15, 2014, 05:35:46 PM by hiroshi_yamo |
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I think location-based coins like New York Coin, Silicon Valley Coin, Germany Coin, etc... have an advantage
Of the altcoins with goals to actually be used for commerce at some point, location-based have a pretty good shot. They leverage regional pride in a way that makes them an alternative to bitcoin for local merchants in their target location. The problem is that the most targeted regions are often too small to support a blockchain.
Proposal:
Create a joint blockchain for all location-specific coins. Miners would be able to pick a specific coin they want to mine (or create a new one) but would process transactions from ALL coins on the network. These coins would all have independent values and would each mine at different rates depending on how much mining has been done on the coin already.
Thoughts?
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