this post was submitted on 24 Oct 2024
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Ask Solarpunk
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It'd need to be stable - not a fluctuating investment the way most crypto folks seem to use cryptocurrency.
It'd need to be more private than blockchain crypto. From following the investigations of various crypto heist, it seems like your only defense against anyone being able to track your spending is the obscurity of your wallet. It's like having every bank account's activities public with just the names blanked out. I know tumblers and such exist but I'd rather the privacy was built in to the system. This is probably the biggest hurdle since you have to trust someone to keep track of the money, whether it's a bank or a public ledger.
It'd need to be backed by something other than waste. I know that's the proof-of-work systems and that there are lighter alternatives that are probably fine. But if there has to be surplus calculations those should go towards distributed calculations for identifying planets or tracking weather patterns or something.
This already exists, GRIDCoin. Sadly, it’s not very popular at the moment.