this is kinda why I was thinking a centralized store house behind a 100% premined and then sold for something to be stored (or raw materials that need refined at a bit of an increase in goods to make up for the need to refine the goods) would be a really good move. I know of a number of easy to set up systems that would work, like say a coin that is backed by 1/5th of a pound of refined (read 99.999% pure) copper, want a coin, send in either a pound of scrap copper in any form (even PCB copper can be counted) wait for refinement and then you get a quantity of coin in your wallet based on the amount of copper refined minus their costs of refining it. additionally, want to cash out to something that you can hold onto yourself? no problem, cover shipping expenses either via tx fees for transactions, or the buyer pays in shipping costs and has the ultra pure copper rounds sent to their home, and make sure as I said the rounds are always the same purity, and the same weight, no changing weights on
shit things, just because the fiat value on the copper changed the way liberty dollar originally did, in fact there is a ton of "what not to do" info on that original scam, that I am surprised anyone picked up and was willing to use the name afterwards, to me it would be like choosing to use the name "nazi campgrounds" considering the evil that went behind the nazi concentration camps in WWII. If they liked the idea of liberty and used it because of that, then I would say go with libertarian coin or something lol.
anyway, that is my thought on what to do to get away from paypal. cause the blockchain makes it possible to see what is going on, we could have a charge back system and all if the thing was set up that way to begin with, and still by making it an open wallet that does the hashing to update and prove the blockchain, it would be democratically ran and give maybe a way to allow people to vote and make suggestions that all people can see and second and what not to get them implemented when it comes to policy changes and such. anything that would need to be figured out and work put in like coding though would have to be a "suggest it, get it voted on, then what people have voted on is to allow some money to be put toward getting it coded to the new set up or rely on someone to out of the goodness of their heart do the coding and offer it up for the public, along with maybe a donation address for their good work
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