a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by user-inactivated
user-inactivated  ·  3569 days ago  ·  link  ·    ·  parent  ·  post: The social aggregator is a terrible business model.

Maybe completely crazy, but you could use a cryptocurrency like ethereum or counterparty to issue tokens to users based on contributions, and their tokens act as voting shares in a cooperative.





doesitmakesound  ·  3569 days ago  ·  link  ·  

This has a ton of legal implication. Google the fine Ripple just received for creating and issuing their own currency/monetary instrument. Bitcoin works because it's decentralized. I am a huge crypto supporter, my brother is the founder of the exchanges, and I have been involved since 2012 but this is a really bad idea for reasons I could go further into detail on.

thenewgreen  ·  3567 days ago  ·  link  ·  

    I am a huge crypto supporter, my brother is the founder of the exchanges
can I ask which exchange(s)?
doesitmakesound  ·  3566 days ago  ·  link  ·  

The issue is that I am anonymous w/ this company (albeit people can look me up if they try hard enough). If you email me I'd let you know. If you've been in bitcoin for the past couple years you'd probably know of it.

"Of the exchanges" = of an exchange. Whoops..

insomniasexx  ·  3569 days ago  ·  link  ·  

I'm aware of the general concept behind ethereum but I would be really interested in learning how you see it working in this specific circumstance. Really, really interested. Can you elaborate?

user-inactivated  ·  3563 days ago  ·  link  ·  

With ethereum, you can program apps onto a blockchain, it's pretty trivial to make subcurrencies with a few lines of code.