3 ms·
I am a bit floored because it sounds like a thing I have been thinking about (floored because with your credentials, you are much more likely to succeed than I
by facepalm 12y ago
I am a bit floored because it sounds like a thing I have been thinking about (floored because with your credentials, you are much more likely to succeed than I am :-) ).
I would have called it LikeCoin. My starting point is that likes have some value. A baker might give you some bread in exchange for a Facebook like. However, that would only work once or twice - the more you spend it, the more it loses in value. On the other hand, the more followers you have, the more valuable your likes are.
I just thought that could be modeled into a coin without the dreaded "double spending" risk - double spending would be no problem, because everybody could create as many "coins" as they want anyway. But they would have to worry about inflation if they create too many coins...