do not imagine that a currency market is any way to equitably distribute finite goods. it is not a solution to web of trust problems. it’s a speculator’s game. how long are you willing to ride the bubble?
a highly consistent distributed ledger, divorced from all this proof-of-work stuff would have tremendous value
to communities trying to operate local voucher and coupon programs. the use cases abound for this but somehow we’re stuck reproducing currency markets for rich nerds.
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@garbados I'm not very excited about Faircoin really, it's a one-size-fits-all idea, and people don't get to issue their own coin. It's put Faircoin at the centre, I think it makes more sense to bootstrap on a token-based system.
But like I said, at least they're educating people and hopefully transferring significant capital from the capitalist financial system into the coop economy. That can't be bad.