Friday July 18, 2014

Digital Currency Whose Value Is Based on Your Reputation

Digital currency that relies on personal reputation? What could possibly go wrong with that?

A New Instead of using pure mathematics to prevent things like the same person spending the same money twice, Document Coin will rely on personal reputation to keep all transactions in order. And each unit of currency created using Document Coin could have different values in different situations. If you use a coin in one place, it might be worth more then if you use it in another. The goal, Anderson says, is to get people to completely rethink the entire idea of money.

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