Ask Solarpunk

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Altcoin for SolarPunk development? (slrpnk.net)

submitted 2 months ago* (last edited 2 months ago) by Petros to c/asksolarpunk

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We need altcoins as long as we interact economically over the net, with people we do not know (or simply with people outside our local communities). If we try to imagine what qualities a "solarpunk coin" should have, what are your thoughts? Do we know any existing coin, checking all boxes? This question is more about political economy of Solarpunk, then its technology.

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[–] Petros 1 points 2 months ago

I see two usabilities of altcoin in current (and mid-term) solarpunk context:

Proof-of-useful-work for primary circulation means that coins can be created in exchange for resources (i. e. storage and processing power) made available to SolarPunk initiatives.
Secondary circulation makes it possible to transfer funds between distant communities, without any need for a deep trust or even knowledge. The chief matter is to avoid double-spending, of course.