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My idea isn't so much to propose a single solution to the worlds economic problems, but instead to ask: what else might digital currencies do? I don't know of

My idea isn't so much to propose a single solution to the worlds economic problems, but instead to ask: what else might digital currencies do? I don't know of anything else being proposed that works in a nonlinear way, and I don't know if the idea is even on the table as a possibility. I'm hoping that putting it on the table might give other people who can penetrate the complexity ideas for how to make the system work. That said, I think the transaction types I list are fair intuitive. When I'm going to make a purchase, I have some options: I can pay a lump sum directly, or I can engage in an extended relationship of support, for which I can specify the duration of time, and the amount of support I'm willing to give it. There's different ways that support might work, but that's the gist.

evv 13y ago
I agree that truly different crypto-currencies is a very exciting frontier. The distributed block-chain technology has implications far wider than a basic ledger. For example, I'm quite excited by namecoin, a distributed DNS. I share your enthusiasm about extending bitcoin's technology to create a distributed, general-purpose trust network. However, I am quite confused about strangecoin. Maybe the whole thread is going over my head and I'm lacking an Explain-Like-I'm-Five description of your idea. I'd love to be a supporter, but I don't see how you can build a trust network around something as complicated as this. Could you explain how, even in a vague sense, strangecoin could act as a reputation system? It seems like bitcoin itself works as a pretty great trust network. Just look at the mess surrounding MtGox: everybody seems to have a clear understanding that MtGox is totally culpable, despite the claims of transaction malleability attacks. Because the block-chain is entirely available for analysis, the financial activity of all organizations can be traced, which can reliably verify trust.

evv 13y ago

I agree that truly different crypto-currencies is a very exciting frontier. The distributed block-chain technology has implications far wider than a basic ledger. For example, I'm quite excited by namecoin, a distributed DNS. I share your enthusiasm about extending bitcoin's technology to create a distributed, general-purpose trust network. However, I am quite confused about strangecoin. Maybe the whole thread is going over my head and I'm lacking an Explain-Like-I'm-Five description of your idea. I'd love to be a supporter, but I don't see how you can build a trust network around something as complicated as this. Could you explain how, even in a vague sense, strangecoin could act as a reputation system? It seems like bitcoin itself works as a pretty great trust network. Just look at the mess surrounding MtGox: everybody seems to have a clear understanding that MtGox is totally culpable, despite the claims of transaction malleability attacks. Because the block-chain is entirely available for analysis, the financial activity of all organizations can be traced, which can reliably verify trust.